Banks and Fintech | ForkLog

ForkLog 16 13.02.2021

Deutsche Bank to launch custody service for cryptocurrencies

The Deutsche Bank group plans to launch a custody service for cryptocurrencies aimed at major investors. This follows the World Economic Forum (WEF) report from December 2020.

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ForkLog 22 11.02.2021

America’s oldest bank to offer Bitcoin custody services

The Bank of New York Mellon, trusted by clients in 35 countries to custody assets valued at $41.1 trillion, will add Bitcoin custody and other cryptocurrency services to its roster, according to The Wall Street Journal.

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ForkLog 8 11.02.2021

AllianceBernstein flags competition between the DeFi sector and banks

The financial giant AllianceBernstein, with $600 billion in assets under management, addressed decentralized exchanges in a client note and forecast DeFi protocols expanding to the scale of traditional-finance institutions.

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ForkLog 12 09.02.2021

Thailand’s biggest bank launches $50 million blockchain fund

SCB 10X, the venture arm of Thailand's oldest bank, Siam Commercial Bank, has a $50 million fund. It will focus on investments in startups aimed at the next generation of financial services and digital systems. CoinDesk reports.

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ForkLog 20 08.02.2021

Protego Trust Bank wins second U.S. national digital-asset bank charter

The Office of the Comptroller of the Currency (OCC), part of the U.S. Treasury, approved Protego Trust Bank's application for a national 'digital asset bank' license, according to the company's press release.

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ForkLog 27 03.02.2021

Visa to test solution to integrate bitcoin payments with banks

The payments company Visa announced testing of a set of application programming interfaces (APIs) that will allow customers of traditional banks to buy and sell digital assets such as Bitcoin.

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ForkLog 13 27.01.2021

CBR forecasts higher rates after digital ruble rollout

The Bank of Russia published an analytical note on changes for banks and their clients in the event of the release of the digital ruble.

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ForkLog 15 26.01.2021

Bank of Singapore: Bitcoin Could Rival Gold as a Store of Value

Digital assets could secure a store-of-value status and compete with gold in the future. This view was presented by Bank of Singapore's chief economist Mansur Mohi-ud-din.

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ForkLog 5 22.01.2021

Media: Sberbank estimates security costs for the digital ruble at 25 billion rubles

Participants in the Russian financial market discussed the digital ruble and preliminarily assessed the costs of its implementation on the platform of the Association of Russian Banks, writes Kommersant.

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ForkLog 7 19.01.2021

Crypto-exchange owner seeks $290,000 from banks over account freezes

Allan Flynn is seeking $290,000 in damages from Westpac and ANZ in court. Banks' reluctance to work with cryptocurrency crippled the Australian's exchange business, according to the Financial Review.

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ForkLog 13 17.01.2021

Goldman Sachs weighs entry into the crypto market.

One of the world's largest investment banks, Goldman Sachs, is studying the possibility of launching a custodial service for digital assets. CoinDesk reports, citing a source familiar with the matter.

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ForkLog 25 15.01.2021

Deltec, the bank that holds Tether’s reserves, reports a large Bitcoin position

Deltec, the Bahamas-based bank that stores the assets of the Tether stablecoin issuer, has acquired a substantial amount of Bitcoin for its clients, according to Hugo Rogers, the bank's chief investment officer.

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