Cryptocurrency Analysis and News Portal
The Bank of Thailand has a harsh stance against the use of stablecoins in the country, and in March, the monetary authority issued a stern warning that it will begin penalizing the usage of any Thai Baht-backed stablecoins.Thailand’s apex monetary institution, the Bank of Thailand (BoT) is seeking a public
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Japan-based bank Sumitomo Mitsui Trust Bank, or SMTB, has launched its first asset-backed securities token in partnership with Securitize on March 29. The instrument is the first security token compliant with the Financial Instruments and Exchange Act (FIEA) to launch in the Japanese Market. The token has received an “a-1
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Avanti Financial Group seeks to become the second crypto company after Kraken Financial to acquire a full banking charter in the United States.Avanti Financial Group, a digital asset bank, announced on Thursday that it has completed its Series A funding round with $37 million, bringing its total raised capital since
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While the Bank currently has no plan to issue central bank digital currency (CBDC), from the viewpoint of ensuring the stability and efficiency of the overall payment and settlement systems, the Bank will prepare thoroughly, including implementing experiments, to respond to changes in circumstances in an appropriate manner. In the
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The Avanti Financial Group has announced that it has raised $37 million in a Series A round, bringing the company closer to launch as a digital asset bank.In a March 25 announcement, Avanti stated that it will use the proceeds to fund the required regulatory capital needed for launch, in
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According to the report by the Bank of America, Bitcoin is expensive to mine, it offers a low throughput in comparison to Visa, and is very volatile to be used as a store of value. New research by strategist at the Bank of America, Francisco Blanch, featuring contributions from Philip Middleton and
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Bitcoin expects to extend its prevailing bull run in the sessions ahead just as the US begins another vast spending program, including direct payments to its citizens who will receive up to $1,400 per person depending on their income and tax filing returns. The flagship cryptocurrency’s prospect of hitting new highs
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A handshake between traditional finance and decentralized finance (DeFi) is finally happening! Nimiq – a non-profit and open source blockchain project has enabled Atomic Swaps for fiat and cryptocurrencies. The recent public beta launch of Nimiq’s OASIS (Open Asset Swap Interaction Scheme) marks the milestone event and allows users to
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The massive stimulus bill was passed through Congress without any actual backing from the Republicans.On Thursday afternoon, US President Joe Biden signed the $1.9 trillion stimulus package as the coronavirus relief bill. The President’s approval comes immediately after the House of Democrats approved the bill earlier this week.This is the
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India’s Unicas crypto bank opened its third physical branch last week in New Delhi. Previous locations were launched in Jamnagar and Jaipur.Unicas reportedly allows customers to access fiat and crypto services at the bank, and provides digital loans using crypto holdings as collateral. The bank aims to launch 50 branches across
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