German online bank N26, revealed its plans to launch crypto trading service this year and add equities brokerage after that, reported Financial Times. The bank, which counts as one of the biggest European fintechs, with over $7.8 billion in valuation, made a shortsighted decision to focus on global expansion, at the cost of prioritizing new…
Over 300,000 customers of Banca Generali will be able to purchase and hold Bitcoin this year. The feature was enabled through the bank’s partnership with cryptocurrency platform Conio, which will be integrated into Bance Generali’s Home Bank application. Bitcoin trading is coming to Banca Generali According to a recent report from We Wealth, Banca Generali’s…
With authorities in India still unsure on how to deal with the crypto industry, the apex bank of the Asian country has reportedly made it clear that it would prefer the country to tow the China path by completely banning crypto. RBI insists on banning crypto According to the Economic Times, the bank made this…
The two leading banking organizations HSBC and Wells Fargo are teaming up to deploy a blockchain solution to bolster their foreign exchange transactions. According to Wells Fargo’s Mark Jones, this will be the first instance when a bank will integrate a blockchain-based solution to commence and settle foreign exchange (Forex) transactions in its service portfolio….
Deputy Governor for Financial Stability at the Bank of England (BoE) warned about cryptocurrencies such as Bitcoin rapidly reaching the threshold of mainstream adoption– worried about the ripple effect a sudden price correction could have on the established financial system, BBC reported. Sir Jon Cunliffe voiced his concerns following the Bank’s latest Financial Stability Report…
Sparkasse’s secret project was confirmed–the network of 370 savings banks across Germany is planning to give 50 million people exposure to crypto. The country’s leading banking group is working on enabling customers access to crypto–directly from their current banking account, Finanz Szene reported. Sparkasse’s crypto wallet project revealed According to the report, Spakasse’s crypto wallet…
The Swiss division of the Spanish banking giant, Banco Bilbao Vizcaya Argentaria (BBVA), recently expanded its crypto offering, announcing the addition of Ethereum to the bank’s investment portfolio. BBVA Switzerland made its Bitcoin trading and custody service available to all its private banking clients back in June. Hola, Ethereum By expanding its initial crypto offer,…
According to Economic Times, Indian crypto exchange WazirX has opened an account with Kotak Mahindra Bank that will allow the exchange to send and receive payments from investors. With this new collaboration, Kotak Mahindra has become the first Indian bank to embrace the crypto community after suffering through a major payment freeze imposed by high-level…
The crypto industry has had one of the best years as it witnessed a whole level of mass adoption from both retail and institutional investors. While this has had a positive effect on the value of some flagship digital assets like Bitcoin and Ethereum, the market cap of these assets also shows the extent of…
A strategist at the Bank of America, Haim Israel, in a recent interview has declared that the new buzzword in the crypto space, Metaverse, holds a lot of potential for the crypto industry and it could be the niche that would drive the global adoption of the space. Bank of America sees massive opportunities in…