The Italian Banking Association supports a digital-euro central bank digital currency (CBDC) while urging that investment costs be spread over time. Italian banks, led by the Italian Banking Association (ABI), say they support the European Central Bank’s (ECB) digital euro project, ABI General Manager Marco Elio Rottigni told a Florence press seminar on Nov. 8, […] Source CryptoX Portal
The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project, is temporary. The bank intends to continue using decentralized technology in the future, including issuing its own currency for tokenization-linked settlements. Central Bank of Brazil: Drex CBDC Project Still Alive The Facts The Central Bank […] Source CryptoX Portal
Italian banks have expressed their support for the European Central Bank’s (ECB) digital euro initiative, but are calling for the implementation costs to be spread out over several years due to the financial burden it places on the sector. “We’re in favour of the digital euro because it embodies a concept of digital sovereignty,” said Marco Elio Rottigni, General Manager of the Italian Banking Association (ABI), during a press seminar in Florence, Reuters reported on Friday. “Costs for the project, however, are very high in the context of the capital…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. London’s fintech revolution transformed its financial landscape. Yet despite success stories like Monzo, which have scaled to over 13 million customers and over $1 billion in annual revenue since forming in 2017, broader indicators reveal a concerning trajectory. UK tech funding dropped 35% to £16.2 billion in 2024, London Stock Exchange delistings reached 88 last year, compared to just 18 new listings, and perhaps most troublingly, Revolut,…
The month-long slide in crypto prices hasn’t just hit major assets like Bitcoin (BTC) and Ether (ETH) — it’s also dealing heavy losses to digital asset treasury companies that built their business models around accumulating crypto on their balance sheets. That’s one of the key takeaways from a recent social media analysis by onchain data company CryptoQuant, which cited XRP-focused treasury company Evernorth as a prime example of the risks in this sector. Evernorth has reportedly seen unrealized losses of about $78 million on its XRP position, mere weeks after…
Cryptocurrency bank Anchorage Digital is opening institutional pathways into Bitcoin-native decentralized finance (DeFi), providing a regulated gateway to BOB’s Bitcoin–Ethereum ecosystem. The custody service provided by a U.S. federally-chartered bank could provide a boost for institutional participants seeking yield opportunities in BOB’s $250 million total value locked (TVL) DeFi platform, according to an emailed announcement shared with CryptoX on Friday. Anchorage also holds a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS) and provides a self-custody wallet called Porto. BOB (“Build on Bitcoin”) describes itself as…
Anchorage Digital, the platform that operates the only federally chartered crypto bank in the United States, is partnering with Build on Bitcoin to expand institutional access to decentralized finance on Bitcoin. Summary Anchorage Digital now supports BOB, a decentralized finance chain that taps into Bitcoin and Ethereum. BOB has picked Anchorage Digital as its crypto custodian. Move comes as Bitcoin DeFi sees its total value locked hit $9.3 billion. The decentralized finance ecosystem has received a further boost as crypto bank Anchorage Digital becomes a preferred custodian. This support will…
Galaxy Digital has cut its 2025 year-end Bitcoin target to $120,000 from $185,000 in a new research alert circulated on November 5 and shared via screenshots on X by Alex Thorn, the firm’s head of firmwide research. In the note titled “Bitcoin Outlook Update: Lowering 2025 YE Target to $120,000,” Thorn situates the downgrade squarely in the context of a “major, multi-week selloff,” writing that “Bitcoin is trading below $100k for the first time since late June, with other cryptos faring worse.” Thorn stresses that the shift is cyclical rather…
The Chicago-based crypto venture company has already invested part of its new $136 million fund in stablecoin startups, as blockchain VC activity slows in 2025. CMT Digital, a Chicago-based venture capital firm specializing in digital assets, has closed its fourth fund, raising $136 million to back blockchain startups. The fund will target founders developing the next wave of crypto infrastructure and applications, as regulatory clarity improves and institutional adoption accelerates, according to an announcement on Wednesday. Investment partner Sam Hallene told Fortune that the fund drew backing from a mix…
Opinion by: Thomas Chen, CEO of Function Bitcoin exchange-traded funds (ETFs) have solved the access issue but remain passive. What is needed now are credible, auditable, institutional-grade pathways to convert Bitcoin exposure into scalable yield. Bitcoin is evolving from a digital store of value into a form of productive capital. Continuing to treat Bitcoin (BTC) like digital gold — storing it for appreciation over the long term — misses its true opportunity as a reserve asset for the digital age. Bitcoin isn’t simply a store of value; it is programmable…