Tag: Bank

From Today, Bank of America Lets Advisers Recommend BTC

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Bank of America is from Monday making crypto a more routine part of its US wealth business, enabling advisers across Merrill, the Bank of America Private Bank and Merrill Edge to recommend spot Bitcoin exchange-traded funds (ETFs) to a broader range of clients. Bank of America’s chief investment office (CIO) has approved four US-listed spot Bitcoin funds for coverage: Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC) and BlackRock’s iShares Bitcoin Trust (IBIT). These four ETFs are among the largest and most liquid…

India’s Central Bank Pushes For CBDCs Over Stablecoins

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The Reserve Bank of India has urged countries to focus on central bank digital currencies over privately-issued stablecoins, citing concerns about financial stability. In its December financial stability report, released on Wednesday, the RBI argued that CBDCs preserve the “singleness of money and the integrity of the financial system,” and should remain as the “ultimate settlement asset” and the “anchor for trust in money.” “The RBI, therefore, strongly advocates that countries should prioritise central bank digital currencies over privately issued stablecoins to maintain trust in money, preserve financial stability and…

US bank Upgrades TeraWulf Price Target, Offers Bullish Mining Prediction

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Investment banking company Keefe, Bruyette & Woods has turned more bullish on Bitcoin miner TeraWulf, citing what it sees as a looming shift in the company’s business mix that investors have yet to fully price in. In a Wednesday report, KBW said it upgraded TeraWulf (WULF) to “outperform” from “market perform” and raised the company’s share price target to $24 from $9.50.  According to the bank, the reassessment was based on investors “underappreciat[ing] the magnitude of the BTC mining to HPC [high-performance computing] leasing mix shift in 2026-2027 and robust…

Bitcoin May Stay Outside Central Bank Vaults, Billionaire Says

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According to recent interviews, billionaire investor Ray Dalio has sharpened his caution about Bitcoin’s fit for official reserves while still recognizing its scarce nature. Related Reading He said that Bitcoin carries money-like qualities because of its limited supply, but he drew a firm line over who should hold it on a balance sheet. Dalio said public transaction records and the risk of outside interference make it hard for reserve managers to treat Bitcoin the same way they treat gold. Dalio Flags Traceability Concerns Dalio warned that the open ledger that…

Russia’s Central Bank Signals Shift Toward Retail Crypto Access

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The Bank of Russia put forward a policy proposal that would allow non-qualified investors to buy certain cryptocurrencies. According to a Tuesday announcement, the central bank’s proposal would allow both qualified and non-qualified investors to buy most crypto, but with limitations. Non-qualified investors would be limited to a yet-to-be-defined set of liquid crypto after passing a knowledge test, capped at 300,000 rubles ($3,834) a year. Qualified investors would gain broad market access excluding privacy coins, also subject to a knowledge test. Russian residents will also be able to acquire crypto…

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.…