Cryptocurrency Analysis and News Portal
In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank. The Canadian bank claimed that VCAD would effectively be "the first digital currency to represent a fiat currency" issued and backed by
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Participation in the digital yuan test will provide MyBank and WeBank with new opportunities.Tencent’s WeBank and Ant Group’s MyBank have reached a deal with Chinese regulators to pilot test the China digital yuan. The two join a list of six state-owned banks already enrolled to test the CBDC.China keeps pushing
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Barclays linked the rise in its full-year income to a solid performance in its corporate and investment sectors which overshadowed a low performance from its retail business.Barclays Bank (LON: BARC) has announced its annual profit took a hit and plans to resume dividend payouts after pressing pause on it due
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A new tie-up with payments firm Klarna brings the exchange access to more than 5,000 banks across Europe. Source
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The world’s oldest central bank, Sweden’s Riksbank, is to extend its pilot project for a potential central bank digital currency (CBDC) for another 12 months.According to a press release on Friday, the project, which is being carried out with assistance from professional services firm Accenture, will run until February 2022.The
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SBI Holdings, a Japanese financial services firm, is to lead an ongoing strategic fundraising round for Swiss digital asset bank Sygnum. Sygnum, which holds a Swiss banking license, said Tuesday it has secured an “eight-figure” U.S. dollar investment from SBI’s subsidiary, SBI Digital Asset Holdings, which will be used to help
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As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others') bank? Last week BNY Mellon, the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure
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Deutsche Bank has joined the growing ranks of large financial institutions exploring cryptocurrency custody, with aspirations to offer high-touch services to hedge funds that invest in the asset class.The Deutsche Bank Digital Asset Custody prototype aims to develop “a fully integrated custody platform for institutional clients and their digital assets
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Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold in light of the central bank’s decision to ban them, according to a report by the Guardian Nigeria.The regulatory body released a statement officially confirming any plans to regulate the cryptocurrencies are now
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Nigeria’s Senate has summoned the country’s top financial regulators for a briefing after the central bank ordered local financial institutions to stop providing services to crypto companies and users last Friday.The Nigerian Tribune reported Thursday the Senate has mandated its banking committee to invite the governor of the central bank
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