Tag: Bank

Korean mobile bank KakaoBank teams up with Coinone for real-time Bitcoin price tracking: report

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KakaoBank, a South Korean digital bank serving over 22 million users, is teaming up with Coinone to offer a new crypto price tracking feature. KakaoBank, South Korea‘s mobile banking application with dozens of millions of users, has expanded its services by launching a new crypto price inquiry tool, developed in collaboration with Korean crypto exchange Coinone. According to a Chosun Biz report on Tuesday, KakaoBank’s customers can now track real-time prices of such cryptocurrencies as Bitcoin (BTC) and Ethereum (ETH) directly within the KakaoBank app. A spokesperson for KakaoBank explained…

Crypto Firms Eye Bank Charters Amid Regulatory Shift

U.S. digital asset firms are reportedly considering applying for bank charters and licenses, encouraged by the Trump administration’s more favorable stance towards the crypto industry. Trump Policies Spur Crypto Firms’ Banking Industry Interest Several U.S. digital asset firms are considering applying for bank charters and licenses, according to a Wall Street Journal report citing anonymous […] Source CryptoX Portal

South Korea’s Central Bank Pledges to Play an Active Role in Shaping Stablecoin Legislation

Key Notes The Bank of Korea plans to actively contribute to stablecoin regulation discussions in South Korea. The central bank raised concerns that stablecoins could disrupt monetary policies if used as a payment method. South Korea is set to draft a new crypto law in 2025, including stricter guidelines for stablecoins. The Bank of Korea has announced its intention to take a proactive role in shaping the government’s regulations on crypto usage in the country. In its “2024 Payment and Settlement Report,” the bank plans to provide input on stablecoin…

Xapo Bank Reports Record Bitcoin Trading Volume in Q1 2025

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Gibraltar-based Xapo Bank, a digital asset-friendly regulated bank, has announced that Bitcoin trading volume reached record highs in the first quarter of 2025, marking a 14.2% increase compared to the previous quarter. The surge in trading activity is attributed to strong Euro and USDC deposits, as bitcoin prices experienced a dip below $100,000 during February. […] Original

Latam Insights: Largest Latam Bank Mulls Stablecoin, Brazil Bans Retirement Funds From Investing in Crypto

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Itau reveals it is considering launching its own stablecoin, Brazil bans retirement funds from investing in crypto, and also champions local currency payments as a BRICS member. Largest Bank in […] Source CryptoX Portal

Bitcoin seen as crypto market proxy, not digital gold, Swiss crypto bank says

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While some policymakers have described Bitcoin as a store of value, its recent price action seems to suggest it’s being treated more like a high-beta tech stock. Despite numerous opinion leaders, including Federal Reserve Chair Jerome Powell, describing Bitcoin (BTC) as a safe haven asset and a potential alternative to gold, its recent price behavior has led some to compare it to tech stocks, analysts at Swiss crypto bank Sygnum suggested in a recent market outlook report. However, Bitcoin’s price is primarily driven by its perception as a store-of-value asset,…

Potential Bitcoin price fall to $65K ‘irrelevant’ since central bank liquidity is coming — Analyst

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Bitcoin’s (BTC) 7% decline saw the price drop from $88,060 on March 26 to $82,036 on March 29 and led to $158 million in long liquidations. This drop was particularly concerning for bulls, as gold surged to a record high at the same time, undermining Bitcoin’s “digital gold” narrative. However, many experts argue that a Bitcoin rally is imminent as multiple governments take steps to avert an economic crisis. The ongoing global trade war and spending cuts by the US government are considered temporary setbacks. An apparent silver lining is…