Citibank creates special unit to offer bitcoin and cryptocurrency services

2021-06-25T18:01:07+00:00By |Categories: Cryptonews|Tags: |

Although no details were given yet, NFTs, stablecoins and CBDC would also be included. Bank executives say there is increasing interest from customers Citibank announced that it will launch a cryptocurrency and digital asset service for some of its clients. It will be called the Digital Assets Group and will operate under the Wealth Management [...]

Almost 200,000 bitcoins have been withdrawn from major exchanges

2020-10-24T18:16:22+00:00By |Categories: Cryptonews|Tags: |

The BitMEX platform saw its reserves reduced by 49.55% in the penultimate quarter of the year. Data suggests that the number of users preferring non-custodial storage increased. Bitcoin reserves on exchanges such as Coinbase, OKEx, and BitMEX have dropped considerably in the penultimate quarter of the year. This is recorded by the BitUniverse platform, which [...]

SEC is willing to promote tokenized shares on blockchain, says its chairman

2020-10-06T16:39:26+00:00By |Categories: Cryptonews|Tags: |

Clayton views tokenization as positive as long as it is registered with the SEC. Blockchains will be "the internet of finance," according to Brian Brooks, Comptroller of the Currency The Securities and Exchange Commission of the United States (SEC) would have the disposition to promote the tokenization of shares through blockchains. This was stated by [...]

Morgan Stanley strategist predicts good performance for bitcoin and gold in coming years

2020-09-12T16:25:33+00:00By |Categories: Cryptonews, Market Analysis|Tags: , |

Ruchir Sharma believes that next year the inflation of the dollar will be noticed. For Sharma, the next few years will be better valued stocks that preserve their value. Morgan Stanley’s head of emerging markets and global strategy commented that commodities such as gold would do well for the next 3-5 years, and included bitcoin [...]

Bitcoin is a myth, says Central Bank of France

2020-08-22T00:05:56+00:00By |Categories: Cryptonews|Tags: |

Bitcoin does not perform the functions of the currency well, according to the French central bank. The so-called stablecoins and CBDCs are also addressed in the study. The central bank of France states in its most recent newsletter, dedicated to means of payment, that Bitcoin has not fulfilled its initial proposal to “replace legal currencies.” [...]

Abra app fined for offering investment in US stocks with bitcoin

2020-07-15T00:43:03+00:00By |Categories: Cryptonews|

The company was accused of selling securities-based swaps without proper authorization. Despite moving its operations outside the US, the contracts were offered from San Francisco. The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced this Monday two fines of $150,000 each against the Abra platform. Regulators determined that [...]

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