The Reserve Bank of India is working on a phased rollout of a Central Bank Digital Currency (CBDC) in a bid to lower the country’s dependence on cash. According to …
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Bank of America is now allowing clients to trade Bitcoin futures
Significant clients and investors will now be able to trade Bitcoin futures and access the crypto market through Bank of America. In addition, selected clients will have the opportunity to …
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Bank of America to reportedly approve Bitcoin futures trading
After years of bashing Bitcoin, one of America’s largest banking establishments – Bank of America – seems to have completed its 180-turn. The organization has purportedly approved the trading of …
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BNY Mellon to assist Grayscale in converting the Bitcoin Trust into a BTC ETF
The world’s largest digital asset manager, Grayscale Investments, has partnered with America’s oldest bank BNY Mellon. As a result, the banking giant will provide the Grayscale Bitcoin Trust with fund …
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Chicago’s First Midwest Bank increases Bitcoin exposure via Grayscale Bitcoin Trust
A division of Chicago’s First Midwest Bank increased its Bitcoin exposure last month, a filing with the US Securities and Exchange Commission shows. First Midwest is not alone in investing in Bitcoin via …
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Microsoft using BTC to allow people own and protect their Decentralized Virtual Identity
Microsoft is contributing to the ION project that wants to build Decentralized Identifiers (DIDs). These identifiers would be anchor points for all activities done by a person on the Internet. This technology …
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Woori Financial Group to provide crypto custody services
One of the biggest financial institutions in South Korea – Woori Financial Group – will start offering crypto custody services to its clients. Its banking unit – Woori Bank – …
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The Fed’s digital dollar can bring millions into the digital economy
The Federal Reserve partnered with the MIT to research about establishing a digital dollar. The outcomes of the research to be revealed later this summer. The Digital Dollar Project, a …
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Swiss bank Sygnum to become the first bank to offer ETH 2.0 staking
The announcement by the Swiss bank makes it the first bank in the world to allow clients to stake ethereum. Sygnum will allow clients to safely stake their ethereum through the bank. By …
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Ukraine starts treating its Central Bank Digital Currency as Cash
Ukraine has passed a new law that would put its central bank digital currency (CBDC) on the same level as other payment instruments in the country. The CBDC is yet …
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