Banking Financial News

04.03 / 00:35

Blockchain Adoption banking Sygnum Bank set to release soccer-themed sculptures as AST’s

Digital asset institution Sygnum Bank has announced a collaborative partnership with highly-accredited Swiss-born artistic sculptor, David Pflugi to issue 6,000 Art Security Tokens, or ASTs, via his new project, Victory Works.

03.03 / 03:25

CBDC Adoption Central Bank banking Winter Olympics China’s Digital Yuan Set for Local Adoption, Airport, Banking Drives

China’s digital yuan is edging ever closer to a nationwide rollout, with banks, airports, and provinces looking to boost their adoption efforts following last month’s Winter Olympics and ahead of the Paralympic Winter Olympics.

02.03 / 23:27

banking Ukraine war Anonymous Reportedly Pledges to Pay Russian Soldiers USD 44K in Bitcoin per Surrendered Russian Tank

The international hacker collective Anonymous is reportedly trying to buy off the already demoralized Russian troops by offering USD 44,280 in bitcoin (BTC) in return for every surrendered tank.

02.03 / 16:29

Investing Central Bank banking Ruble diving Russian Consumers, Firms Feeling Impact of Sanctions as Ruble Keeps Diving

Ordinary Russians are increasingly starting to feel the bite of Western-led sanctions, media reports from inside the country have indicated.

28.02 / 20:45

banking Financial Services Ukraine war Russian Central Bank Claims its SWIFT Alternative Is Ready

The Russian Central Bank is talking up its SWIFT alternative as they try to go it alone without a way into the international banking network.

25.02 / 22:07

economics Central Bank banking Ruble Russian Central Bank Ramps up USD Exchange Rate as Ruble Run Worries Mount

Russia’s Central Bank is desperately trying to avoid a run on the fiat ruble in response to incoming sanctions measures from the EU, the United States, and their allies. And as the Ukraine crisis deepens, the bank has unleashed yet more extreme measures – which may eventually include freezing citizens’ foreign exchange funds.

25.02 / 20:23

Google Apple banking Apple Pay and Google Pay to Become Unusable with Cards from Sanctioned Russian Banks

Customers of five sanctioned Russian banks will be unable to use their cards to pay with Apple Pay and Google Pay, the central Bank of Russia, said.

24.02 / 17:03

Blockchain Banks banking Loans Maple Finance partners with Celsius to launch wETH lending pool

Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 millionpool to institutional investors.

23.02 / 21:13

Adoption wallet banking Mitsubishi UFJ to Launch ‘Digital Asset Wallet,’ Suspends Blockchain Payments Project

The Japanese financial behemoth the Mitsubishi UFJ Financial Group is set to create a wallet that will be capable of storing and making use of “blockchain-powered digital assets” and NFTs – although its primary goal appears to be the securities tokens market. Also, the financial giant announced that it has "begun preparing to suspend the operations of Global Open Network Japan."

22.02 / 04:43

regulation Exchange banking Returns More South Korean Crypto-to-Crypto Exchanges Hopeful of Making Fiat Returns

A group of South Korean crypto exchanges could be granted permission to resume crypto-to-fiat trading after a breakthrough banking deal last week – but opinions differ on whether the 23 exchanges currently trapped in crypto-to-crypto purgatory will escape before they are overwhelmed by financial pressures.

18.02 / 13:33

Binance regulation banking Department Binance Joins Russian Banking Union, Will Head New Crypto Department

The crypto exchange giant Binance has joined the Association of Russian Banks (ARB), where its Russia and CIS (Commonwealth of Independent States) lead will head a new crypto department.

18.02 / 06:19

Ethereum Ethereum 2.0 banking Ethereum dominance may dwindle as competitors emerge: Morgan Stanley

Morgan Stanley’s wealth management global investment office has published a report on Ethereum (ETH) arguing that the blockchain’s dominance could dwindle if strong market competition emerges.

18.02 / 04:39

Lightning Network banking Bitcoin reform Japanese Gaming Giant Enters Metaverse, BitBank Adds Lightning Amid Crypto Tax Reform Call

As the Japanese crypto scene is sending more signs of adoption and investments, a blockchain business leader is calling for a crypto tax laws reform.

17.02 / 04:35

CBDC Adoption banking Winter Olympics Chinese IT Companies, Banks Expand Range of Offline Digital Yuan Solutions

Chinese banks and IT firms are continuing to roll out a diverse range of “hard” digital yuan wallets as they lay the ground for the full rollout of the nation’s central bank digital currency (CBDC).

17.02 / 01:35

business Adoption JPMorgan banking businesses Here is JPMorgan's 'Metaverse Strategy' Advice for Businesses

US-based banking giant JPMorgan finds that the metaverse will bring the need for new services and business models tailor-made for that digital era. It argues that this does not mean businesses should abstain from exploring the metaverse – and for companies interested in going down this path, JPMorgan has some advice.

16.02 / 16:23

Adoption regulation banking GoPax ‘Optimism’ for South Korean Crypto Exchanges as Gopax Makes Banking Breakthrough

South Korean crypto observers are predicting a “tectonic change” in the crypto exchange sector after a fifth trading platform struck a banking deal that will allow it to resume crypto-to-fiat trading.

14.02 / 19:14

cryptocurrency Trading banking Bitcoin Singapore’s DBS Bank to Launch Retail-Focused Crypto Trading Desk in 2022

The major Singapore-based bank DBS confirmed that it is planning to launch a retail-focused crypto trading desk in 2022, after last year doing the same for accredited investors and corporate customers.

03.02 / 05:13

Blockchain Adoption identity banking Woori Bank to Accept Blockchain-based Driving Permits as Form of Authentication

The South Korean financial giant Woori Bank has become the first commercial bank in the nation to start accepting blockchain-powered driver’s licenses as an official form of authentication.

01.02 / 11:41

Stablecoin Payments banking Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own

Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and intellectual property (IP) could yet launch a token of its own.

24.01 / 17:17

JPMorgan Uniswap banking JPMorgan Chase Closes Uniswap Founder's Bank Accounts & Offers Help

Hayden Adams. Source: A video screenshot, Youtube/Fluidity

14.01 / 14:23

Stablecoin regulation banking regulatory US Regulator Calls For Stablecoin Bank Regulation, Coordinated Regulatory Approach To Crypto

Stabilizing stablecoins and paving the way for a coordinated and collaborative regulatory approach to cryptocurrencies should become the key focus of American regulators -- and bank regulation could provide stablecoin holders with more confidence and security, according to Michael J. Hsu, Acting Chief of the US Office of the Comptroller of the Currency (OCC).

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