U.K. challenger bank Revolut seems to be expanding its cryptocurrency assets after silently adding the decentralized meme token Shiba Inu (SHIB) to its banking app. Indeed, the fintech company, which has more …
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Wells Fargo analysts: Cryptocurrency market could see ‘hyper-adoption phase’ shortly
A new report published by financial services and banking giant Wells Fargo suggests cryptocurrencies could be near a “hyper-adoption phase” similar to the one that the internet saw during the …
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Japan’s largest bank has announced plans to launch a yen-pegged stablecoin in 2023
Mitsubishi UFJ Trust and Banking, the trust banking arm of Japan’s largest financial institution, has announced plans to launch a yen-pegged stablecoin next year. According to a report by Nikkei on Monday, …
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Bank of America crypto strategists say stablecoin adoption and CBDC is ‘inevitable’
It appears that the United States will finally be moving forward to create its own central bank digital currency (CBDC), according to the Bank of America. Bank of America crypto …
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Hundreds of small US banks are set to offer Bitcoin trading in second quarter of 2022
Hundreds of small US banks are set to offer Bitcoin (BTC) trading services during the first half of 2022 as digital assets continue to become popular among clients. According to …
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Federal Reserve Chairman Jerome Powell says he will tackle higher inflation
Federal Reserve Chairman Jerome Powell will reiterate his pledge to prevent entrenched inflation, in testimony released before his Senate nomination hearing on Tuesday. “We will use our tools to support the economy …
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The Reserve Bank of India is setting up a fintech department to keep up with crypto
The Reserve Bank of India (RBI) has created a new department to identify challenges and opportunities in financial technology, particularly around cryptocurrency. The new fintech department has been operational since …
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Russia’s largest bank, Sberbank, launched the country’s first blockchain-focused ETF
On Thursday, December 30, Russia’s largest bank, Sberbank, launched the country’s first blockchain exchange-traded fund. In particular, the fund is called the Sberbank Blockchain Economy ETF, and it trades on …
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German savings banks want to enable Bitcoin (BTC) for 50 million clients
German savings banks are reportedly planning to allow customers to invest in major digital currencies like Bitcoin and Ether directly from checking accounts. Savings banks in German-speaking countries, also known …
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BoE deputy governor Sir Jon Cunliffe says cryptos could pose a danger to the financial system
Bank of England (BoE) deputy governor Sir Jon Cunliffe has warned that the rapid growth of cryptocurrencies could pose a serious threat to the established financial system. In an interview …
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