Institutional crypto custody: How banks are housing digital assets
Large financial institutions are getting involved in digital assets by investing capital, time and effort into custody technology solutions.
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Erdogan Suggests Turkish-Russian Payment System, Local Media Reports
Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of…
JPMorgan CEO calls crypto ‘decentralized Ponzi schemes’
JPMorgan CEO Jamie Dimon regards crypto as a tale of two cities, with "crypto tokens that you call currencies" on one side and "real" innovations on the other.
Digital bank FV Bank integrates USDC stablecoin for direct deposits
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum.
Crypto Biz: The biggest problem with DeFi isn’t what you think
Decentralized finance still has a way to go before it can attract institutional capital. Meanwhile, Fireblocks has become a 9-figure revenue-generating company.
Crypto for foreign trade: What do we know about Iran’s new strategy
Iran has decided to legalize the use of crypto in cross-border payments, which could impact how some countries view crypto.
Abra Plans to Launch a US-Chartered Bank and Allow Crypto Deposits
The California-based cryptocurrency exchange Abra plans to form two financial institutions, called Abra Bank and Abra International. The former will provide digital asset services to American customers and businesses, while…
Abra announces plans for US bank supporting digital assets
Abra announced its international venture and U.S. bank would work with officials to ensure regulatory and legal compliance and planned to launch in 2022 and 2023, respectively.
Aussies already lost $242M to investment and crypto scams in 2022
People over 55 and under 64 years of age represent the largest age bracket who have fallen prey to scams.
Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe
Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their…
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