Tag: Bank

Largest Bank in Brazil Moves to Invest in Bitcoin Mining

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Key Takeaways: Itau Ventures invested up to $10M in Minter for mobile data centers that mine bitcoin. Brazil lost $1.2B to 20% energy curtailment in 2025, a market Minter targets. CEO Stefano Sergole plans to grow Minter to 500MW capacity by 2029 across Brazil and the U.S. Brazil’s Itau Invests In Bitcoin and Data Center Company Minter Itau, one of the largest banks in Brazil, has turned its gaze on bitcoin mining and data centers. According to local media, Itau Ventures, the bank’s investment arm, has made an undisclosed investment…

Largest Bank of Russia Prepared to Offer Cryptocurrency Trading Services

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Key Takeaways: Sberbank readies crypto trading for its 110M clients, awaiting upcoming Bank of Russia regulations next. Following a December loan to Intelion, Sberbank plans to expand crypto-backed lending to more firms next. A December Bank of Russia draft caps retail buys at $4,000 yearly, paving the way for future market access. Sberbank Ready To Offer Crypto Services As Soon As Regulation Arises Cryptocurrencies are poised to make inroads into the Russian banking system as soon as a regulatory framework for these assets is established. Sberbank, one of the largest…

Singapore Gulf Bank Adds Fiat-to-Stablecoin Conversion Feature

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Singapore Gulf Bank (SGB) has introduced a service that lets institutional clients mint and redeem stablecoins directly from their bank accounts, using the Solana layer-1 blockchain network to enable round-the-clock settlement between fiat and digital assets. The service will initially support Circle USDC (USDC) transactions above $100,000 and includes temporary fee waivers for minting and redemption on the Solana network, according to SGB’s announcement. Additional assets such as Tether’s USDT (USDT), Ethena’s USDe (USDe) and Global Dollar (USDG) are expected to follow, the company said. The new feature is integrated…

NYSE Welcomes Morgan Stanley’s MSBT Launch as First Spot Bitcoin ETF Issued by a Major US Bank – Featured Bitcoin News

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Key Takeaways: NYSE welcomed Morgan Stanley as MSBT launched with strong institutional visibility. MSBT marks the first spot bitcoin ETF issued by a major U.S. bank. The milestone could signal that Morgan Stanley may drive broader bank adoption of bitcoin ETFs. Bank-Backed Bitcoin ETFs Expand Market Competition The rise of bank-backed bitcoin exchange-traded funds (ETFs) is tightening the link between traditional finance and digital assets. On April 16, the New York Stock Exchange (NYSE) said on social media platform X that Morgan Stanley Investment Management marked the debut of MSBT,…

Bank of Korea Pushes Crypto Circuit Breakers to Prevent Sudden Market Breakdowns – Regulation Bitcoin News

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Key Takeaways: BOK urged crypto exchanges to adopt circuit breakers to curb extreme volatility. Central bank said crypto firms lack controls compared to traditional finance standards. Report called for real-time systems to verify balances and prevent payment errors. Crypto Exchange Failure Exposes Control Weaknesses South Korea’s central bank, the Bank of Korea (BOK), said in its annual payment and settlement report on April 13 that crypto exchanges should adopt circuit breaker mechanisms following a major operational failure at Bithumb. The move signals a push to align digital asset trading infrastructure…

Bank of Korea Pushes to Impose Stock Market Rules on Exchanges

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South Korea’s Central Bank Pitches Crypto ‘Circuit Breakers’

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South Korea’s central bank says crypto exchanges should have their own “circuit breakers” that halt trading to prevent a repeat of the market fallout after Bithumb mistakenly sent more than $40 billion in Bitcoin to its customers in February. The Bank of Korea said in a payments report on Monday that lawmakers should consider introducing mechanisms similar to the Korea Exchange’s trading curbs to suspend trading if crypto prices suddenly fluctuate. “Currently, the virtual asset industry lacks internal control mechanisms and faces lower regulatory intensity compared to established financial institutions,”…

JPMorgan CEO Says Bank Must Build Its Own Blockchain To Counter Crypto Threats

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

New AI Cybercrime Tool Targets Crypto, Bank KYC Systems via Deepfakes

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A threat actor known as “Jinkusu” is allegedly selling cybercrime tools designed to bypass Know Your Customer (KYC) checks at banks and crypto platforms. The tool uses deepfakes and voice manipulation to trick KYC verification systems on finance platforms, cybercrime tracker Dark Web Informer wrote in a Sunday X post. Cybersecurity company Vecert Analyzer added that Jinkusu uses AI for real-time face swaps via InsightFace for “fluid gesture transfers,” along with voice modulation to evade biometrics. Source: Dark Web Informer The emergence of deepfake tools is a “wake-up call” for…

Standard Chartered Bank Predicts $500K Bitcoin as Price Climbs

Standard Chartered has put a $500,000 Bitcoin price target on the table for 2030, and the market nudged higher in response – BTC climbing roughly 100 basis points to $67,500 as the forecast circulated. The number alone is striking; what’s more telling is that it comes from a bank with a $70 billion balance sheet, not a crypto-native research shop, and that it was delivered without a formal published note to anchor it. Standard Chartered’s $500K Call: The Institutional Logic Behind the Target Geoff Kendrick, Standard Chartered’s Global Head of…