JPMorgan Chase and consultants Oliver Wyman took a look at blockchain technology in commercial banking in a report released Feb. 9. Stablecoins and central bank digital currencies (CBDCs) have dominat...
Tag: Bank
Brazil’s oldest bank form partnership with a crypto platform for easy tax filing
Banco do Brasil, the oldest bank in Brazil, is creating a tax payment solution for citizens holding digital assets in Bitfy, a payments platform serving users in Latin America, according to a statemen...
Bank of Brazil Now Allows Citizens To Pay Taxes With Crypto
Bank of Brazil, a.k.a Banco do Brasil, has announced that citizens can now pay their taxes with cryptocurrency. According to a post on their official website, Brazil’s oldest bank stated that this fin...
India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are current...
Brazil’s oldest bank says you can now pay your taxes with crypto
Banco do Brasil, the South American country’s oldest bank, says it’s now possible to do what many blockchain enthusiasts have long wanted — the ability to pay the taxman in crypto. T...
Germany’s Biggest Private Bank Explores The Joy Of Crypto –
Join Our Telegram channel to stay up to date on breaking news coverage The asset management arm of Deutsche Bank AG is apparently in discussions to invest in two German cryptocurrency platforms. The B...
Deutsche Bank Announces Investments in Two Crypto Firms as More TradFi Institutions Join the Race ⋆ ZyCrypto
Advertisement     The bank is planning to acquire a minority stake in Deutsche Digital Assets and Tradias. Deutsche believes that there are opportunities in the curren...
The Bank of England is Looking to Build a Digital Pound
The Bank of England, along with the United Kingdom’s Treasury, is exploring the possibility of a digital currency that would purportedly maintain monetary stability in the UK’s economy. In a joi...
Bank of England Mentions Ripple in Its Digital Pound Consultation Paper
The BoE mentioned Ripple in a recently published CBDC consultation paper. Leading blockchain company Ripple has played significant roles in helping central banks in different parts of the world, inclu...
Paxos refutes bank charter rejection rumors
Ad Brokerage and stablecoin issuer Paxos said it had not been denied a national bank charter from the Office of the Comptroller of the Currency (OCC). On Feb. 7, rumors emerged that the OCC had denied...
Board Member of Crypto-Friendly Silvergate Bank Leaves for Polygon
A member of Silvergate’s board of directors resigned Thursday, the crypto-friendly bank disclosed in a recent filing with the Securities and Exchange Commission (SEC). Rebecca Rettig, who initially jo...
This German Bank Will Release A Blockchain-Based Tokenization Platform
Blockchain tokenization has gained more traction in the financial industry recently. It allows people to convert their ownership rights or assets into digital forms to secure them. In the latest devel...
Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real – Blockchain Bitcoin News
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrast...
Deutsche Bank to Invest in 2 Crypto Companies
Deutsche Bank AG’s asset management arm, DWS Group, is currently in talks with two German cryptocurrency firms over minority stake acquisitions. The investment is part of DWS’s efforts to revive growt...
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank – Africa Bitcoin News
The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the g...
Deutsche Bank Division Eyeing Crypto During Market Downturn
The asset management division of Deutsche Bank is reportedly aiming to invest in two German cryptocurrency companies in an attempt to boost growth. Bloomberg reported that the company is discussing pu...
The UK is a step closer to launching a central bank digital currency
After the publication of a consultation document that explains the planned digital pound, which the general public has dubbed “Britcoin,” the United Kingdom is one step closer to creating ...
Elderly man fought Chase bank for years to recover stolen funds before his death
In the spring of 2020, James Vesey worked at a U.S. Postal Service building in midtown Manhattan, sorting mail and unloading trucks. With stringent security protocols in place at the federal facility,...
Bank of America stock has rallied as much as it could for now
Bank of America Corp (NYSE: BAC) has been in an uptrend over the past two months but the stock is now out of any further room to the upside, says David Konrad of Keefe, Bruyette & Woods (KBW). Ban...
Ripple to Help Bank of England Build CBDC? Here’s Why It May Be So
Yuri Molchan Bank of England has made reference to Ripple in its press release while working on digital pound On Feb. 7, Bank of England (BoE) released a document on the digital version pound of sterl...
America’s Oldest Bank, BNY Mellon, Affirms Institutional Investors “Absolutely Interested” In Crypto ⋆ ZyCrypto
Advertisement     An executive from the Bank of New York Mellon (BNY Mellon) has a broadly positive view of cryptocurrencies, seeing their growth in the face of market...
Signature Bank In Trouble; Law Suit Filed Against Crypto-Friendly Bank
Join Our Telegram channel to stay up to date on breaking news coverage New York-headquartered crypto-friendly bank is finding itself in some deep trouble as investigation around the FTX fiasco of 2022...
Britcoin CBDC touted as replacement to cash by Bank of England
Ad The UK plans to impose a cap of between £10,000 to £20,000 ($12,017 to $24,033) for initial digital wallet holdings as it pushes forward with plans to introduce a Central Bank Digital Currency (CBD...
Why This Deutsche Bank Division Is Ready To Jump In Crypto
According to a report from Bloomberg, banking giant Deutsche Bank is ready to double down on crypto and digital asset. The financial institution will take advantage of the recent downside pressure in ...
Deutsche Bank Eyeing Up Crypto Investments in Effort To Revamp Growth: Report
Financial giant Deutsche Bank’s asset management arm is reportedly considering making investments in the crypto industry to speed up its growth after global markets fell last year. According to a new ...
Bank of America sees a 50% upside in this travel stock
Shares of Tripadvisor Inc (NASDAQ: TRIP) have already gained more than 30% year-to-date but a Bank of America analyst is convinced it has a lot more to go still. Tripadvisor stock should be worth $38 ...
The Bank of England and the United Kingdom’s Treasury are working on a digital asset
The Bank of England (BoE) and the Treasury of the United Kingdom are moving on with plans to establish a digital currency that might “offer a new method to pay” without necessarily replaci...
Digital pound could co-exist with private stablecoins — UK central bank
The United Kingdom is a step closer to launching a central bank digital currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Brit...
Sell your Bank of America shares now, says KBW
Shares of the largest U.S. banks have been performing well so far this year, but David Konrad of Keefe, Bruyette and Woods believes the party is over for Bank of America Corp. Konrad downgraded Bank o...