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Singapore to help banks set standards for vetting crypto businesses

0xMain
April 6, 2023

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Singapore’s central bank and the police are reportedly working on establishing guidelines that would help traditional financial institutions in the city-state to improve the process of accessing potential crypto clients. Bloomberg reported on April 6 that the Monetary Authority of Singapore (MAS) and...

EU banks develop blockchain-based bond trading platform

0xMain
April 3, 2023

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Credit Agricole CIB and SEB, two major European banks, have partnered to develop “sobond,” a blockchain-based platform for digital bonds, focused on enhancing efficiency and promoting sustainability in traditional finance. Credit Agricole CIB, a leading French investment bank, and SEB, a prominent Swedish...

Chinese banks going all in on crypto amid US financial crisis

0xMain
March 27, 2023

banks, Chinese, crisis, Crypto, Financial, Hacking

Although crypto trading has been outlawed on the mainland for years, Chinese banks have reached out directly to crypto firms in recent months, adding to evidence that Hong Kong’s desire to become a significant digital asset hub has support from Beijing. Bank of...

Crypto friendly Instpower power banks become available in French Burger King locations

0xMain
March 27, 2023

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The global fast-food giant Burger King placed Instpower power bank rental machines in Paris, which take crypto payments handled by cryptocurrency payment services Alchemy Pay and Binance Pay. Burger King and digital currency The crypto market has concentrated chiefly on adoption and growth....

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Dwpbank launches wpNex platform for bitcoin trading via affiliated banks

0xMain
March 26, 2023

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Deutsche WertpapierService Bank AG has launched the wpNex platform enabling affiliated banks to offer bitcoin (BTC) trading to retail clients. Deutsche WertpapierService Bank AG enables bitcoin trading for banks Deutsche WertpapierService Bank AG (dwpbank), a key German player in the securities exchange controlling...

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Kraken joins list of crypto firms cutting ties with troubled banks

0xMain
March 24, 2023

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Kraken crypto exchange has reportedly informed its customers that as of March 27, deposits and withdrawals via ACH Silvergate and Plaid will no longer be available. Kraken cuts ties with Silvergate Jesse Powell’s Kraken crypto exchange has reportedly informed its users that as...

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Crypto firms turn to Swiss banks following Signature, Silvergate collapse

0xMain
March 22, 2023

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The collapse of Signature Bank and Silvergate Bank, two of the most crypto-friendly lenders in the U.S., has left many cryptocurrency firms in a state of uncertainty and desperation. As regulators crack down on banking institutions dealing with digital assets, in what industry...

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Coinbase suspends support for Signature Bank’s Signet payment service

0xMain
March 21, 2023

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Coinbase cryptocurrency exchange has told its customers that Signature Bank’s Signet payments solution will be suspended until further notice. Following the recent shutdown of Signature Bank, Brian Armstrong’s Coinbase crypto exchange has made it clear to its customers that Signet, the former’s real-time...

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Biden urges US citizens to trust banks amid ongoing collapse

0xMain
March 14, 2023

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Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move that has sent shockwaves throughout the banking industry, The Federal...

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Fed must intervene after Silicon Valley Bank’s crash

0xMain
March 12, 2023

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Anthony Scamarucci, the founder of SkyBridge Capital, wants the United States Federal Reserve (Fed) to intervene in the aftermath of the Silicon Valley Bank’s (SVB) collapse. Anthony wants the Federal Reserve to intervene Analysts are calling for the Fed to push another investor or bank...