News
JPMorgan has filed a new trademark that covers a range of potential crypto-services for the bank, which industry commentators speculate could include a stablecoin venture.
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Banks News
While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways.
Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today.
Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy.
As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.
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U.S. Bancorp CEO Gunjan Kedia says her bank is looking into stablecoins as its crypto custody business bounces back after struggling under Biden.
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Haun Ventures general partner Diogo Monica claims that stablecoins are safer than commercial bank deposits, but critics warn of transparency issues with issuers like Tether.
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The Bank of Japan’s June meeting could trigger a Bitcoin rally if it restarts quantitative easing, as bond yield concerns push institutions toward BTC as a hedge.
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Société Générale’s crypto arm launches its USDCV stablecoin on Ethereum and Solana, with BNY as custodian and a global rollout aimed at trading and settlement.
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At least 60 Bitcoin strategy adopters among publicly listed companies collectively doubled BTC holdings in the past two months, outstripping the buying speed of Michael Saylor’s Strategy.
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Paris-based Blockchain Group acquired $68 million in Bitcoin, bringing its total holdings to 1,471 BTC amid rising institutional interest in crypto treasury strategies.
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Stripe’s president confirms growing interest in stablecoins from banks, but adoption would still require more green lights from regulators.
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The news comes at a time when many banks are considering issuing their own private stablecoins.
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Russian banks have started rolling out crypto investment products tied to the price of Bitcoin following a greenlight from the central bank.
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Seniors are increasingly targeted by crypto scams. Discover key safety tips to help loved ones stay secure in the digital currency world.
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Amina Bank, the Swiss crypto bank formerly known as Seba, added $801 million in assets and saw a 40% surge in derivatives revenue amid its international push.
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Major banking groups want the Securities and Exchange Commission to rescind a rule that requires public companies to report cybersecurity incidents to the public within four days.
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Ledn will no longer lend out client assets to generate yield, opting instead to keep Bitcoin under full custody.
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1inch co-founder Anton Bukov said that the near-zero onboarding costs in DeFi allow it to outshine its traditional finance counterparts.
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