Category: Banks
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Russia’s Sberbank plans release of its own crypto token, the “Sbercoin”
With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act.
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Yield farming is a fad, but DeFi promises to change the way we interact with money
The sector has a long way to go in terms of accessibility if DeFi really wants to challenge traditional financial institutions.
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Big banks think new furniture is innovation, but they are wrong
True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution.
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XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher
During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well. At the…
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Japanese financial giant SBI debuts Bitcoin lending service
SBI plans to add support for Ether and XRP lending in the near future.
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Russia’s Gazprombank debuts Bitcoin trading in Switzerland
The Switzerland-based branch of a major Russian bank has also joined OpenVASP.
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Chinese banking giant withdraws $3B blockchain bond from listing
The $3 billion blockchain bond has been effectively cancelled.
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Multiparty computation: The Trojan Horse of crypto regulation
MPC is a regulated, fee-centric model that is almost an exact replica of today’s banking system.
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US regulator wants to stop banks from blacklisting legal businesses, crypto included
New rule-making aims to stop “creeping politicization of the banking industry,” says OCC head.
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Japan’s megabanks to lead experiment with digital yen
Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents’ persistent use of cash?