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 [...]
Source: Reuters Investors request amendment in SEC case against Ripple. They say that US exchanges are set to suspend XRP trading, which is going to hurt them economically. A group of investors in the cryptocurrency XRP filed a petition in the Rhode Island District Court, requesting a mandamus order or injunction against the [...]
PayPal users will not be able to withdraw their bitcoin funds to an external wallet. Bitcoins cannot be sent to other Paypal accounts. PayPal announced this Wednesday that its users will be able to buy, sell and pay with bitcoin and cryptocurrencies from its platform. However, some of the details about the service raise doubts [...]
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 [...]
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 [...]
Bitcoin could be measured against the greats names of the corporate world, given its growth potential. To catch up with Apple, Bitcoin would have to grow 10 times. A 60% boom would bring it closer to JPMorgan. While Bitcoin is still on the scale of a midsize corporation, with a market capitalization of about $ [...]
Once the new currency is issued, it will be classified as M0 (cash issued by the central bank). Everything indicates that the government refines details, but there is no official launch date yet. The digital yuan will meet all the requirements to be accepted as legal money and will have all the functions of China’s [...]
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 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.” [...]
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 [...]