Tag: Bank

Bitcoin Gains Near 3% Despite Bank of Japan Rate Hike

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Bitcoin (BTC) aimed for $88,000 on Friday after Japan’s central bank raised interest rates to 30-year highs. Key points: Bitcoin joins US stocks futures heading higher in a curiously bullish reaction to Japan’s interest-rate hike. Commentators argue that no further hikes will happen due to economic forces. Bitcoin continues to hammer out a bottom on longer timeframes. Arthur Hayes eyes BTC price, yen surge Data from Cointelegraph Markets and TradingView showed 2.5% BTC price gains versus the daily open. BTC/USD one-hour chart. Source: Cointelegraph/TradingView In line with expectations, the Bank…

Federal Reserve Revamps Bank Crypto Rules, Opening New Channels for Digital Asset Trading

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The U.S. Federal Reserve has taken a notable step in reshaping how banks under its supervision can engage with crypto, reversing guidance introduced in 2023 that had sharply limited such activities. Related Reading The decision reflects a broader reassessment inside the central bank about how regulation should adapt to financial innovation, especially as digital assets continue to intersect with traditional banking infrastructure. Under the earlier framework, uninsured state-chartered banks were required to follow the same constraints as federally insured institutions in order to remain under Federal Reserve supervision. That approach…

Bitcoin Could Drop To $70K As Bank Of Japan Rate Move Approaches—Analysts

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Bitcoin risks a further drop toward the $70,000 area if the Bank of Japan follows through with an expected interest-rate rise on Dec. 19, analysts focused on macro forces warned. Related Reading According to multiple macro-focused voices, the move could sap global liquidity and put fresh downward pressure on risk assets, with some traders already bracing for a sharp pullback. Japan’s policy shift matters because higher rates tend to strengthen the yen and raise the cost of borrowing. When that happens, traders who previously borrowed cheaply in yen to invest…

Brazil’s Largest Bank Endorses Bitcoin for Investor Portfolios

Key Notes Itaú Asset Management recommends a disciplined Bitcoin allocation, citing low correlation with traditional assets and diversification benefits. The guidance positions Bitcoin as a partial hedge against currency depreciation and macroeconomic instability. Itaú’s endorsement adds institutional credibility to crypto in Brazil and supports broader adoption. Itaú Asset Management, Brazil’s largest privately-owned asset manager, is now officially advising its clients to buy Bitcoin BTC $89 729 24h volatility: 0.6% Market cap: $1.79 T Vol. 24h: $35.48 B . This marks a major turning point for crypto adoption in Latin America.…

Brazil’s Largest Bank Updates Bitcoin Portfolio Recommendations

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Itau, Brazil’s largest bank, now recommends allocating up to 3% of investment portfolios to bitcoin, despite the cryptocurrency’s underwhelming performance in 2025. The bank’s recent report emphasizes bitcoin’s potential as a portfolio diversifier and hedge against fluctuations in Brazilian reais. Itau Unibanco’s Latest Report Advises Investors to Hold up to 3% of Their Portfolios in […] Original

OCC Grants Conditional Approval to Ripple, Circle, BitGo, Fidelity, Paxos for National Trust Bank Charters

Key Notes Federal banking regulator greenlit applications from top crypto platforms to operate as nationally chartered institutions. Charter approvals signal Washington’s evolving stance on integrating digital assets into traditional banking frameworks. Companies must fulfill specific regulatory requirements before launching full-scale trust banking operations. The Office of the Comptroller of the Currency (OCC) announced conditional approval for five national trust bank charter applications from five major crypto companies on Dec. 12. Benefiting from this announcement are Ripple, Fidelity Digital Assets, BitGo, Paxos, and Circle. According to a press release, the OCC…

Ripple Payments Takes on Europe with Swiss Bank Amina

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The payments subsidiary of blockchain services company Ripple has partnered with Swiss bank Amina to provide it with access to its payment infrastructure. According to a Friday Ripple Payments announcement, the company will allow Amina to “settle transactions more efficiently without relying on traditional payment infrastructure, making transactions faster, lower cost, and with increased reliability and transparency.” This builds on a previous relationship between the companies, with the bank’s integration of the Ripple USD (RLUSD) stablecoin happening back in July. The move also reinforces Ripple’s presence in Europe, with Amina…

Norway Steps Back From CBDC Launch as Norges Bank Pauses Plans

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Norges Bank, the central bank of Norway, concluded that introducing a central bank digital currency (CBDC) is “not warranted at this time,” marking a clear signal that the country is reconsidering the urgency of retail and wholesale CBDCs. The central bank said Wednesday that Norway’s existing payment system already offers secure, efficient and low-cost transactions, reducing the need for a CBDC in the near term. Still, the bank remains open to launching a CBDC in the future.  “Norges Bank has concluded that introducing a central bank digital currency is currently…

PNC Bank Launches Direct Bitcoin Trading via Coinbase Crypto-as-a-Service

Key Notes PNC Bank partners with Coinbase to enable institutional clients to trade Bitcoin directly through their banking platform. The ninth-largest US bank by assets eliminates the need for customers to maintain separate cryptocurrency exchange accounts. This move reflects growing institutional adoption as traditional banks integrate digital assets into their services. US banking giant PNC Bank has launched direct Bitcoin BTC $94 281 24h volatility: 4.9% Market cap: $1.88 T Vol. 24h: $50.11 B trading for qualified institutional clients, making it the first major US-based banking firm to do so.…

3 Bank CEOs to Meet US Senators for Crypto Regulation Talks as Bitcoin Hangs at $90K

Key Notes Top banking executives convene with lawmakers amid ongoing debates over digital-asset custody and stablecoin supervision frameworks. Bitcoin trading volume surged 34 percent while open interest remained flat, signaling cautious positioning ahead of policy developments. Citigroup CEO Jane Fraser, Bank of America CEO Brian Moynihan and Wells Fargo CEO Charlie Scharf are scheduled to meet senators on Thursday for a closed-door discussion on crypto market structure legislation. News: A trio of big bank CEOs will meet with senators this week to discuss crypto market structure legislation. Citigroup CEO Jane…