Citigroup to Expand Its Cryptocurrency Team by Hiring 100 People: Report
One of the leading American banks – Citigroup Inc. (Citi) – reportedly plans to double down on its cryptocurrency endeavors by looking to hire 100 people as part of a…
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Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says
Users of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge,…
69-Year Old Israeli Lady Turned a $3K Bitcoin Investment to $320K: Now the Bank Refuses to Deposit
The Israeli pensioner Esther Freeman has reportedly turned an ILS 10,000 Bitcoin investment, worth roughly $3K at that time, into ILS 1,000,000 (~$324K) in eight years. However, Hapoalim Bank –…
Consensys Raises $200 Million From HSBC and Third Point as Metamask Gets 21M Users
Consensys – a blockchain technology company – announced that it has recently raised hundreds of millions of dollars from businesses, including HSBC and Third Point. HSBC is Europe’s largest bank,…
Israel to Apply Anti-Terror Banking Rules to Cryptocurrencies: Report
Israel’s Authority for Combating Terror Financing and Money Laundering will reportedly impose new regulations on various digital financial products, with cryptocurrencies being some of them. The government unit raised hopes…
Financial Services Giant ING Is Working On A Defi Lending Project
ING – the Dutch multinational banking corporation – has begun collaborating with the Netherlands’ financial authority on utilizing decentralized finance. The Bank’s Defi Project Annerie Vreugdenhil – ING’s Chief Innovation…
Nigeria’s central bank reportedly freezes crypto traders’ accounts
In February, the CBN banned banks from servicing crypto exchanges in the country, citing concerns including volatility, money laundering, and the financing of terrorism.
Russia to Change 13 Laws and Codes for Digital Ruble
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the…
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and…
Acting CoC Hsu: More crypto regulation is needed
The regulator singled out Binance and Tether as allegedly risky players in the blockchain space.
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