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Tag: Banks

Kraken Boss Believes Crypto Firms Will Replace Banks In 10 Years

Jesse Powell, the Kraken boss believes that crypto companies will be a real threat to traditional finance and could replace banks in a decade so let’s read more about it in our latest cryptocurrency news. While some legacy businesses are making huge moves into the crypto space, Powell noted that those who stay sidelined will […]

Pension funds and insurance firms alive to Bitcoin investment proposal

Bitcoin’s appeal among institutional investors is spreading toward insurance firms and life and annuity companies.

Clever DeFi (CLVA): A Bitcoin-Beating Strategy of Building Wealth with Gas-Less Distribution of Yield

CLVA
CLVAClever people accrue wealth from passive income, capitalizing on interest payments. Crypto enables this, with Bitcoin being a prime example.  However, times are changing. Savvy investors are moving to DeFi, where the middleman’s removal is transforming the way people make money and earn decent above-average yields. What is Clever DeFi? Take, for example, CLEVER DeFi. 
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FAFT Travel Rule to be implemented in Japan by 2022

More cryptocurrency regulations are to be expected in Japan following the Financial Action Task Force (FATF) travel rule. The regulations will enable Japan authorities to [...]

Central Bank of Thailand Ready to Start Pilot Test CBDC In 2022

The Central Bank of Thailand plans to start pilot tests in the second quarter of 2022. The CBDC project is on its way to progress.

The Deutsche Bundesbank tests blockchain payment system sans CBDC.

Germany’s federal bank Deutsche Bundesbank has successfully tested a blockchain-based settlement interface for electronic securities. The test bridges the gap between mainstream finance and blockchain technology without relying on a central bank digital currency (CBDC). Developed in partnership with Deutsche Börse Group and the German Finance Agency, the test demonstrates that the platform relies on two software […]

Pine Labs Reports that CIMB Bank, HSBC Bank, Others are Using its Buy Now Pay Later Solution, Now Also Available in Malaysia

Pine Labs, an Asian merchant commerce solution provider that’s backed by payments giant Mastercard, has introduced a Buy Now, Pay Later (BNPL) solution...

Hong Kong Monetary Authority Confirms Launch of System for Cross-Currency Securities Transactons with Bank of Japan Financial Network System

The Hong Kong Monetary Authority (HKMA) has confirmed the launch of the delivery-versus-payment (DvP) link for cross-currency securities transactions between the Hong Kong...

EQIBank Picks Unido As Institutional Partner for Blockchain Solutions

Global digital banking service EQIBank has chosen Unido as its institutional partner for secure custody solution. The bank is set to utilize a customized version of Unido Insto, the institutional bank-in-a-box solution built on Unido’s fragmented key signing technology, to deliver crypto custody and crypto trading products to existing EQIBank clients and drive new user […]

The post EQIBank Picks Unido As Institutional Partner for Blockchain Solutions appeared first on The Daily Hodl.

The Celsius Network. Earn. Borrow. Pay on the Blockchain. “ Motivation Niche

The old adage of “Make your money work for you,” has been a principle the wealthy have known for quite some time, often just out of reach…

Goldman Sachs Is Ready to Provide Crypto Investment Options to Rich Customers

Financial giant Goldman Sachs says it’s looking into potentially allowing its richest customers to invest in cryptocurrencies and crypto-related products within the next few months. The news comes after the firm says crypto demand from clients has reached an all-time high. Goldman Sachs Opens Its Doors to Crypto Mary Rich – global head of digital...

The post Goldman Sachs Is Ready to Provide Crypto Investment Options to Rich Customers appeared first on Live Bitcoin News.

CBDCs: Bank of International Settlements Explains how Interoperability and Common Interfaces are Needed for Central Bank Digital Currencies

Reserve banks across the globe are increasingly focusing on developing or at least considering central bank digital currencies (CBDCs). They’re also looking into...

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