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Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin.The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is in theory backed by cash and “cash equivalents,” as well
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Bitcoin is booming again as crypto-bull Brian Brooks pushes through his “open access” banking rules before stepping down as the top U.S. banking regulator.Top shelfGoing public?The Winklevoss twins are considering taking Gemini Trust, the cryptocurrency exchange and custodian founded in 2014, public, according to a Bloomberg interview. “We are definitely
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OCC acting Chief Brian Brooks asserts that blockchain is the future of banking and that financial institutions will eventually be blockchain-based. The Office of the Comptroller of the Currency (OCC) announced on Wednesday that it had bestowed a federal bank charter on crypto custodian Anchorage. The bank, which had previously been
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Crypto custodian Anchorage has secured conditional approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), making it the first national “digital asset bank” in the U.S.The safekeeping, management and trading of digital assets have been regulatory stumbling blocks for large financial institutions
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The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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Major Vietnamese bank HDBank has now become the first bank in the country to issue letters of credit, or L/C, using blockchain technology.According to a Jan. 6 report by local media outlet Việt Nam News, the issuance, document presentation and successful payment of L/C on the blockchain marks a major
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Unicas, a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society has launched a physical crypto bank branch in Jaipur, India.Back in October, Multistate announced plans to offer both online and physical crypto banking services across its 34 locations in northern India.Users will be
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A macro and bond specialist joins NLW to discuss the economics of 2021.George Goncalves has been a macro analyst specializing in bonds for more than 20 years. In this conversation, he and NLW discuss the story bonds are telling the market and why central bank digital currencies are likely to
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Singapore-based lending platform Vauld raised $2 million, led by Pantera Capital, to grow into a full crypto bank. Other investors include Coinbase Ventures, LuneX Ventures and individual investors including Robert Leshner of Compound Finance.So far, Vauld has established a foothold in India, where a favorable ruling from the courts earlier
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Digital currencies may challenge and someday could make redundant the SWIFT global banking payment system, according to a Central Bank of Russia official, Russia Today reported. Read more: Bank of Russia Chair: Digital Ruble Is No Threat to Banks Source
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