Español
PortuguêsMajor financial institution BBVA is launching bitcoin trading and custody for clients in Switzerland. Madrid-based financial services giant BBVA, one of the largest financial institutions in the world, will soon…
Continue ReadingThe Texas Department of Banking issued a notice reaffirming that state-chartered banks can provide bitcoin custody services. The Texas Department of Banking has released a notice affirming that state-chartered banks…
Continue ReadingAnother hurdle financial services and institutions need to address is mainstream digital asset adoption. The financial industry has seen a rise in demand for exposure to digital — and crypto…
Continue ReadingA comprehensive calculation of the carbon emissions from the legacy financial sector shows that Bitcoin is far less impactful on the planet. In my very first foray into publishing an…
Continue ReadingAccording to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year. Amid the ongoing concerns over Bitcoin’s…
Continue ReadingCustomers of U.S. banks will soon be able to buy, hold and sell bitcoin through existing accounts, according to NYDIG. Institutional bitcoin solutions provider NYDIG has announced a partnership with…
Continue ReadingThe impacts of gold and banking on the environment relative to Bitcoin are much greater than mainstream narratives suggest. The following is a republishing of Hass McCook’s “Comparing Bitcoin’s Environmental…
Continue ReadingCrypto debit cards are growing in popularity as holders look for effortless ways to spend their assets. As blockchain technology and the public’s awareness of cryptocurrency continues to grow, a…
Continue ReadingOn April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer…
Continue ReadingThe European Central Bank President Christine Lagarde is keeping the central bank’s monetary easing policies unchanged according to her statements from a press conference last Thursday. Moreover, the central bank’s…
Continue ReadingThe stablecoin issuer has nabbed a banking license, but it doesn’t mean they’ll be doing any banking in the traditional sense. The U.S. Office of the Comptroller of the Currency…
Continue ReadingJPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are…
Continue ReadingSumitomo Mitsui has partnered with Securitize to launch Japan’s first security token that complies with the country’s Financial Instruments and Exchange Act. Japan-based bank Sumitomo Mitsui Trust Bank, or SMTB,…
Continue ReadingParticipants of an NFT token sale will be able to use the lending protocol in its early release. Teller Finance, a project building an undercollateralized lending protocol for decentralized finance,…
Continue ReadingAnt Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most cited developer of patents in the industry. Chinese holding conglomerate Ping An Group filed…
Continue ReadingBanks are increasingly changing their stance on Bitcoin to meet their customers’ demands and, as of today, you can now buy and redeem bitcoin at 19 Blue Ridge Bank ATM…
Continue ReadingThe New York Stock Exchange (NYSE) halted trading of Virginia-based Blue Ridge Bank’s stock (BRSB) after a spike in trading activity Wednesday, the company told CoinDesk in an email. “NYSE…
Continue ReadingListen To This Episode: This week for the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with CEO of Quontic Bank Steven Schnall to discuss Quontic’s recent move to offer…
Continue ReadingSeattle-based Protego Trust Bank has received conditional approval for a trust charter from the Office of the Comptroller of the Currency (OCC) to custody digital assets. Protego is the second…
Continue ReadingVisa is piloting a suite of application programming interfaces (APIs) that will allow banks to offer bitcoin services, the payments giant announced Wednesday. The Visa Crypto APIs pilot program will…
Continue ReadingLong in the making, Zurich’s Crypto Broker AG announced Monday it has been granted a securities house license by the Swiss Financial Market Supervisory Authority (FINMA). Crypto Broker AG is…
Continue ReadingPanamanian lawmakers will start to analyze a draft bill that seeks to regulate cryptocurrencies in the nation. Local deputy (MP) Rolando Rodríguez presented the bill to the Commerce Commission of…
Continue ReadingEditor’s note It may be too late for resolutions and too early for Lent, but lacking any discrete occasion I would still like to give up U.S. political news for…
Continue ReadingDeposits from digital currency customers now make up nearly 16% of total deposits at New York’s Signature Bank. In an earnings call Thursday, Signature revealed that deposits from customers in…
Continue ReadingThe Chinese government hasn’t been too kind to cryptocurrencies in the past years. First, initial coin offerings (ICO) were banned in China in September 2017. Then, following the crackdown on…
Continue ReadingCryptocurrency firms are often a rich source of low-cost deposits for the few banks that openly serve the sector. As such, analysts have paid close attention to non-interest bearing deposit…
Continue ReadingAccording to the Wall Street Journal, a former member of Ripple’s board of advisors directors is likely to become the next Comptroller of the Currency. The report cites insiders “familiar…
Continue Reading