News
The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies.
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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.
- News
Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months.
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U.S. Bank is now providing custody services for Bitcoin, Bitcoin Cash and Litecoin, according to a company executive.
9872 - Analysis
A growing list of mainstream financial entities have continued to increase their exposure to crypto over the last year or so.
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The digital assets division of the international bank wants to provide home loan-backed security tokens as collateral for the loan.
5570 - Sponsored
DeFi is now “taken seriously” by traditional finance, but still very hard to understand for beginners.
5053 - Analysis
Unlike Russia, Ukraine has passed laws that will ease the adoption of cryptocurrencies within the country.
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Proposed rules would make “bank involvement in the cryptoasset market cost-prohibitive from a capital perspective,” industry associations have told regulators.
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South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down.
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The head of the body in charge of overseeing U.S. banks named cryptocurrency and decentralized finance (DeFi) activity among factors contributing to disintermediation of the banking system.
3020 - News
The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity.
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After launching a Bitcoin investment tool for millionaires earlier this year, Morgan Stanley is diving deeper into crypto.
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Treasury officials are studying the risks if too many people decide to withdraw their stablecoins all at once.
5857 - News
Bancoagrícola will work with Flexa to accept Bitcoin across the bank’s network for payments like loans and credit cards.
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In our latest video report, Cointelegraph addresses the systemic risk posed by stablecoins.
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