Bank of Russia Accelerates Schedule for Digital Ruble Project
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the…
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Nexo Taps Citibank for Assistance on Potential Acquisitions as Crypto Markets Struggle
The current bear market has left many crypto-related businesses reeling. Between the Luna fiasco and assets dropping close to levels not seen in 2 years, crypto mainstays are struggling to…
Citi Partners With METACO for Digital Asset Custody Pilot
The multinational financial services firm Citibank has partnered with METACO – a digital asset custody provider – to start developing and piloting digital asset custody services. In a press release…
Deloitte and NYDIG set up alliance to help businesses adopt Bitcoin
Deloitte wants to enable blockchain and digital asset-based services across many areas involving Bitcoin products like banking, rewards programs and others.
Sberbank to Conduct First Digital Asset Transaction on Own Platform
Russia’s largest bank, Sberbank, is going to carry out the first transfer of digital assets on its own dedicated platform within a month, a top executive revealed this week. The…
How a DAO for a bank or financial institution will look like
A DAO-based financial industry means lower fees across the board, accessibility, and transparency. Would it be possible?
Kazakhstan Calls for Cooperation Between Crypto Exchanges and Banks
The government of Kazakhstan has approved guidelines for a pilot program that will foster cooperation between some banking institutions and cryptocurrency exchanges in the Astana International Financial Center (AIFC). Crypto…
Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks
Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have…
Tether aims to decrease commercial paper backing of USDT to zero
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it.
Bitcoin and banking’s differing energy narratives are a matter of perspective
Bitcoin mining’s climate impact has been heavily criticized, but the emissions of corporate cash and investments have often flown under the radar.
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