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Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market.Coinbase has quietly launched an institutional-grade crypto lending platform, Coinbase Prime, to U.S. investors, according to a Bloomberg report on Sept. 5.
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Canadian financial institutions are increasingly taking an interest in crypto as regulatory clarity emerges in the country, according to WonderFi CEO Dean Skurka, who met up with Cryptox at the Blockchain Futurist Conference in Toronto.Skurka claimed that his exchange had seen an uptick in trading by institutions as opposed to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A joint report released on July 29 by Ripple and the US Faster Payments Council shows that blockchain technology could save financial institutions roughly $10 billion in cross-border payment expenses by 2030. A survey of 300 finance professionals from
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Blockchain technology is continually reshaping the financial industry, offering promising transformations in transaction processing. Its potential is immense, as outlined in a recent report by digital payment network Ripple in collaboration with the United States Faster Payments Council (FPC). The report presents a robust case for blockchain’s role in
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Blockchain has the potential to save financial institutions approximately $10 billion in cross-border payment costs by the year 2030, according to a recent report.Published by digital payment network Ripple, in collaboration with the US Faster Payments Council (FPC) on July 29, the report surveyed 300 payment leaders across the world,
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On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges.Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling makes it clear that the U.S. Securities and
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That tokenized “stuff” can be almost anything. Artwork, real-estate, luxury items, wine bottles, cars, carbon credits, and financial instruments like T-bills and stocks -- they can all go on-chain. “We’re trying to get everything to tokens, then we’re going to try to see if we can wipe out all the
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While an approved BlackRock spot Bitcoin (BTC) exchange-traded fund (ETF) will funnel new institutional money to Bitcoin, it's going to be the retail investors that ultimately drive any significant price surges, according to Michael Shaulov, the CEO and co-founder of institutional custody platform Fireblocks.On June 15, investment colossus BlackRock filed for
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During a speech at the Salzburg Global Seminar on bank regulation and supervision, Bowman called for attention from global regulators to the current supervision of novel banking activities, in particular banking as a service and digital assets. According to Bowman, financial institutions have been left in a "supervisory void" in
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NEW YORK - Developing digital identity infrastructure such that counterparties know who they are trading with is critical to getting large institutions involved in decentralized finance (DeFi), said Joseph Chalom, head of strategic partnerships at BlackRock, at the State of Crypto Summit held by Coinbase and the Financial Times
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