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Strategists at UBS Investment Bank are forecasting massive interest rate cuts by the U.S. central bank, and this is seen as bullish for Bitcoin. The decreasing inflation, according to UBS, makes it possible for the U.S. central bank (Federal Reserve) to begin reducing interest rates as early as March. This
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A recent press release issued by Britain’s Lloyds Bank shares that crypto scams that have surged 23% over the course of the year. Young investors between the ages of 25 and 34 years old are said to be the most prevalent target for these attacks. Social media home base The press release goes on to
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One of the Big Four banks in the United Kingdom, Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022.According to a press release published by Lloyds Bank, an increasing number of investors
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Xapo Bank announced to crypto.news that it will become the first licensed retail bank to offer its customers the ability to buy, sell and hold Ethereum (ETH), Cardano (ADA) and Polygon (MATIC) cryptocurrencies. The bank, which received its full banking license in Gibraltar in 2018, has previously only allowed customers to
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"It's no secret that I have a wallet with 250,000 Ethereum units," Lõhmus said in an interview with Estonian national radio channel Vikerraadio in late October. Source
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The bank's Hong Kong unit can now deal in and distribute securities, including virtual assets-related products. Source
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The U.S. Federal Reserve needs to regulate and enforce the law against stablecoin issuers, said Federal Reserve Vice Chairman for Supervision Michael Barr, making the federal-oversight argument that has been the major sticking point as the U.S. House of Representatives debates legislation.Republican lawmakers have leaned into a state-oversight route for
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The UK is setting new regulations for stablecoins and the wider cryptocurrency market, aiming to enhance financial stability and consumer protection while fostering innovation. The Bank of England (BOE), working with the Financial Conduct Authority (FCA), is rolling out a plan to manage the stablecoin market—cryptocurrencies that are usually tied to
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DZ Bank launches a blockchain-based digital asset custody platform, advancing Germany’s crypto services for institutional and private clients. The second largest bank in Germany, DZ Bank, has unveiled a proprietary service for safeguarding crypto assets, targeting institutional clientele. This service will leverage the capabilities of Metaco Harmonize, a platform developed by
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DZ Bank, the third largest bank in Germany by asset size, has launched its own digital assets custody platform built on the blockchain. According to an announcement published on Nov. 2, the platform will work with institutional clients, offering them crypto securities, such as the crypto bond from Siemens, which
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