Tag: Bank

Global Bitcoin ETPs are just starting: Sygnum Bank

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UK’s approval of Bitcoin ETPs for retail users is just the first step in institutional adoption, says Sygnum Bank CIO. Summary Sygnum Bank CIO states UK is falling in line with US and Europe on crypto regulation Traditional finance like BlackRock and crypto native firms are converging on Bitcoin In the U.S., there are signs of progress on ETPs beyond just Bitcoin and Ethereum The UK Financial Conduct Authority approval of Bitcoin ETPs marks growing institutional acceptance of Bitcoin as a legitimate asset class, says Fabian Dori, CIO of the…

Bitcoin Copies 2023 Regional Bank Rout With $105,000 BTC Price Dive

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Key points: Bitcoin falls to its lowest levels since June as familiar US banking turmoil returns. Traders see $100,000 possibly failing as support. Gold comes off fresh all-time highs as Peter Schiff sees it beating Bitcoin to the $1 million mark. Bitcoin (BTC) fell to 15-week lows on Friday as a US banking rout added to BTC price pressures. BTC/USD four-hour chart. Source: Cointelegraph/TradingView Bitcoin risks “going straight to $98,000” next Data from Cointelegraph Markets Pro and TradingView showed Bitcoin dropping under $106,000 for the first time since June. Crypto…

Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

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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…

US Regulator Approves Peter Thiel-Backed Erebor Bank for National Charter

Key Notes Palmer Luckey and Joe Lonsdale founded Erebor with Founders Fund backing to create a regulated crypto banking solution. The bank plans to hold digital assets on its balance sheet and handle stablecoin operations as core business functions. Final approval requires FDIC insurance and maintaining a 12% Tier 1 Leverage ratio for three years. A new crypto-focused bank backed by some of Silicon Valley’s most influential figures has received preliminary conditional approval for a national charter from a top US regulator, a move to reshape the banking landscape for…

South African Bank Absa Taps Ripple for Crypto Custody

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Institutional blockchain service provider and XRP developer Ripple announced a partnership with South African bank Absa on Wednesday to provide digital asset custody to the institution’s customers. According to the announcement, Absa is “Ripple’s first major custody partner in Africa.” The bank will offer its customers digital asset custody services relying on Ripple’s infrastructure for tokenized assets and cryptocurrencies. The bank in question is a major player on the African financial stage, managing 2.07 trillion South African rands ($119.5 billion) of assets as of the end of 2024. Absa also…

Ripple’s Africa Strategy Expands With Absa Bank Custody Deal

Key Notes Ripple’s 2025 Africa strategy includes payments via Chipper Cash, its RLUSD stablecoin with VALR, and now custody with Absa Bank. The new partnership will provide institutional-grade custody for tokenized assets to Absa Bank’s customers in South Africa. These strategic developments occur as XRP faces significant order book resistance at $2.60, with major support indicated at $2.40. Ripple XRP $2.50 24h volatility: 1.9% Market cap: $149.91 B Vol. 24h: $5.86 B , a provider of digital asset infrastructure, announced on Oct. 15 its partnership with Absa Bank to provide…

Chinese Investment Bank Eyes $600M Raise For BNB Treasury

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As BNB rallies to new highs, a major Chinese investment bank is reportedly in talks to raise $600 million for a new US-based Digital Asset Treasury (DAT) company, focused on investing in the altcoin. Related Reading Chinese Investment Plans $600 Million Fundraiser On Monday, Bloomberg reported that Beijing-based Chinese investment bank China Renaissance Holdings Ltd. is planning a fundraiser for a new BNB-based public vehicle backed by YZi Labs Management Ltd. According to the news media outlet, China Renaissance aims to raise $600 million to create a publicly listed DAT…

Goldman Sachs, Deutsche Bank Lead Nine-Bank Blockchain Money Initiative

Key Notes Major financial institutions unite to bring blockchain infrastructure into mainstream global payment systems. The initiative aims to enhance settlement speed, reduce costs, and improve liquidity through stablecoin technology. Growing momentum follows Trump’s Genius Act and Europe’s similar euro stablecoin project launching in 2026. Goldman Sachs Group Inc., Deutsche Bank AG, Bank of America Corp., and Banco Santander have joined forces in a nine-bank coalition to explore the creation of blockchain-based digital money. The initiative marks another major step by traditional financial institutions to integrate cryptocurrency infrastructure into global…

AMINA Bank Launches Polygon Staking for Corporates

Key Notes AMINA Bank is the first to offer institutional staking to clients, in collaboration with Polygon. By staking POL through AMINA, investors can get up to 15% staking reward. Polygon deployed its major “Rio” upgrade to the Amoy testnet a month ago. [NC] staking services are now available on AMINA Bank AG, a Swiss FINMA-regulated crypto bank. This makes it the first financial institution globally to enable such services on its platform. It also offers institutional investors the opportunity to engage with the naive token of the Polygon network…