Interest in cryptocurrencies from institutional and retail investors has been growing exponentially in recent months, with Bitcoin, Ether and other cryptocurrencies reaching new all-time highs. Covid-19, which is seeing a …
MoreTag: banking
Citi bank to consider launching crypto trading & custody services
Banking giant Citigroup is considering launching crypto trading, custody, and financing services. Itay Tuchman, Citi’s global head of foreign exchange, told the Financial Times in a report published Friday that the bank …
More
Goldman Sachs To Launch New Bitcoin (BTC) Derivatives
U.S. banking giant Goldman Sachs has started offering Bitcoin-backed non-deliverable forward contracts to Wall Street investors, according to Bloomberg’s Matt Leising. It relies on CME Group’s Bitcoin futures to hedge against the cryptocurrency’s infamous volatility, conducting block …
More
Banks to begin blocking shares of companies that buy Bitcoin (BTC)
At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies.” But as we’ve seen as …
More
Bank of Japan begins experimenting with its own digital coin
In its recent article, Reuters has reported that the Bank of Japan (BOJ) has begun research on the feasibility of making its own CBDC (central bank digital currency). It is following in the …
More
Goldman Sachs to join the Bitcoin (BTC) bandwagon at the behest of its customers
The U.S. investment bank and financial services company Goldman Sachs will offer Bitcoin and other cryptocurrencies to its private wealth management group. Mary Rich, recently appointed as Vice President of Digital Assets, Private …
More
Boston Fed and Massachusetts Institute of Technology To Release Digital Dollar Prototypes In July
Researchers at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) will unveil prototype central bank digital currency systems as early as July, according to a new …
More
Deutsche Bank: Bitcoin Now Too Important To Ignore
With Bitcoin drifting on Mar. 21, the cryptocurrency community had a lit to digest regarding Bitcoin. Deutsche Bank released its latest ‘Future of Payments’ research. The bank called BTC too …
More
JPMorgan’s Onyx to redefine payments in banking with blockchain
What is one of the biggest banks in the world doing in blockchain? For over five years, JPMorgan Chase & Co. has been advancing blockchain technology in the banking sector. …
More
Morgan Stanley to becomes 1st big U.S. bank to offer its wealthy clients access to Bitcoin funds
Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively. The investment bank, a giant in wealth management with $4 trillion in …
More