Tag: Bank

Czech central bank eyes holding up to 5% of reserves in Bitcoin: report

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Governor Aleš Michl plans to propose a Bitcoin investment to the Czech National Bank’s board, potentially allocating up to 5% of reserves to the digital asset. Czech National Bank Governor Aleš Michl is making a bold move, one no other Western central bank has taken so far: he wants to put Bitcoin (BTC) in the country’s reserves. If approved, up to 5% of the Czech National Bank’s €140 billion in reserves could be allocated to Bitcoin. Michl plans to present his proposal to the CNB board on Jan. 30, telling…

Major Swiss Bank Expands Crypto Offerings With Ethereum Staking

Swiss state-owned bank Post Finance AG has expanded its digital-asset offering by introducing staking for ethereum (ETH), allowing holders to earn passive income. The bank plans to add staking for other tokens soon. Post Finance, which started trading and custody services for cryptocurrencies nearly a year ago, is the first systemically important bank to offer […] Source CryptoX Portal

Namibia Flips the Script: Central Bank Grants Provisional Approval to Crypto Firms

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

Intesa Sanpaolo: Italy’s Largest Bank Makes History With Bitcoin Settlement

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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

Iran’s Currency Website Shut Down Amid Cyber Attacks and Central Bank Criticism

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 Integrates Paypal’s PYUSD Stablecoin for Real-Time Transactions

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

Czech Central Bank governor mulls Bitcoin allocation

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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…

5th Largest Bank in Turkey to Launch Crypto Trading Service

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

Bitcoin To Hit $225,000 By EOY, Says Venerable Investment Bank

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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…