On Jan. 13, the Bank of Namibia announced provisional authorization for two entities, Mindex Virtual Asset Exchange and Landifa Bitcoin Trade, to operate as virtual asset service providers. Provisional Authorization First Step in Two-Step Licensing Process The Namibian central bank announced on Jan. 13 that it had granted provisional authorization to two entities to operate […] Source CryptoX Portal
The $58 million that Sygnum Bank has raised will be utilized to diversify its product line with a particular emphasis on Bitcoin technology. Sygnum Bank Doubles Down on Expansion Plans With New Funding Round Sygnum Bank, a digital asset banking group, has announced a strategic $58 million raise in an oversubscribed growth round. Fulgur Ventures, […] Original
Italy’s largest bank, Intesa Sanpaolo, has etched its name in financial history as the first Italian institution to venture into direct bitcoin settlement. First Bitcoin Deal by Italy’s Largest Financial Institution On Jan. 13, 2025, the bank executed a proprietary bitcoin transaction valued at one million euros, securing 11 bitcoin (BTC), as disclosed in an […] Original
Administrators of Bonbast.com, Iran’s leading website for tracking the rial’s open-market exchange rate, took it offline due to severe distributed denial-of-service (DDoS) attacks and security concerns after criticism from Central Bank Governor Mohammad Reza Farzin. The shutdown removes a crucial data source for foreign exchange traders and citizens as the rial hits record lows against […] Source CryptoX Portal
FV Bank, a U.S.-licensed digital bank, has announced the integration of Paypal USD (PYUSD), a stablecoin, into its banking platform. This addition expands the bank’s stablecoin offerings, enabling direct deposits and outbound payments for account holders. FV Bank Enables Paypal Stablecoin for Instant Cross-Border Payments FV Bank‘s newly implemented feature allows customers to receive PYUSD […] Source CryptoX Portal
Aleš Michl, governor of the Czech National Bank, flirted with the idea of adding Bitcoin to the bank’s reserves but emphasized that the idea remains in its early stages. In an interview with local media CNN Prima News, ČNB governor Aleš Michl said he considers Bitcoin (BTC) an “interesting option” for diversifying the bank’s reserves. Michl explained that the ČNB was constantly assessing its portfolio and new assets. Still, the bank has not engaged in any concrete cryptocurrency strategy. In any event, a seven-member bank board would need to approve…
Garanti BBVA Kripto will allow Garanti BBVA customers to buy and sell cryptocurrencies legally in Turkey. European Banks Expanding Services to Include Crypto Turkey’s fifth largest bank, Garanti BBVA is set to launch its crypto trading services for retail users via its crypto custody platform, Garanti BBVA Kripto. Owned by Spanish banking giant, Banco Bilbao […] Source CryptoX Portal
Este artículo también está disponible en español. In a newly released investor note, one of the oldest US investment banks H.C. Wainwright & Co. —established in 1868—is projecting substantial upswing for the Bitcoin price. According to the note, the institution has revised its previous Bitcoin price target for the end of 2025 from $145,000 to $225,000, underpinned by a confluence of historical trends, macroeconomic indicators, and emerging regulatory and institutional factors. “We estimate BTC will reach a cycle high of $225,000 by YE2025,” stated the firm, referencing both market cycles…
Former German Finance Minister Christian Lindner has advocated for including cryptocurrencies like Bitcoin in the European Central Bank and Bundesbank reserves to strengthen financial resilience and keep pace with global trends. According to the German media outlet Handelsblatt, Lindner pointed to the United States, where the incoming Donald Trump-led administration is looking to adopt a progressive approach towards crypto-assets, including discussions about incorporating Bitcoin into the Federal Reserve’s reserves alongside traditional assets like gold. Lindner highlighted that cryptocurrencies now make up a significant share of global wealth growth and warned…
Russia’s largest bank, Sberbank, has joined the expanding digital ruble pilot, signaling stronger momentum as the country advances its central bank digital currency initiative. Russia Expands Digital Ruble Pilot with Key Banking Giants Sberbank, Tbank, and Tochka Bank have officially joined Russia’s digital ruble pilot program, the Central Bank of Russia has revealed through its […] Source CryptoX Portal