Tag Archives: bank

Swiss National Bank President Says Stablecoins Could Hamper Policy

Swiss National Bank President Thomas Jordan says foreign-pegged stablecoins could hamper Switzerland’s monetary policy in some circumstances Cointelegraph.com News

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PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

PNC Bank begins RippleNet-based international payments, signaling interest by the banking sector Cointelegraph.com News

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Dutch Central Bank Prepares to Start Regulating Crypto Sector

The central bank of the Netherlands is preparing to supervise the country’s crypto sector. The bank has requested crypto exchanges and wallet providers to come forward and submit some information. Once the law takes effect, these operators will be required to register with the central bank to continue operations. Also read: Crypto Can Boost Indian Economy – How Banning Will ...

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Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report

Bitfinex shareholder Zhao Dong claims Tether will release a version of its stablecoin pegged to commodities such as gold, crude oil and rubber Cointelegraph.com News

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Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlike cryptocurrencies lately, leads to losses, although loans and mortgages ...

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Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies

Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this could lead to withdrawal of large amounts in cash, jeopardizing the cashless ...

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U.S. Rep. Rashida Tlaib said Friday that she will not travel to the West Bank to visit family, despite getting permissio…

U.S. Rep. Rashida Tlaib said Friday that she will not travel to the West Bank to visit family, despite getting permission hours before from Israel’s interior minister — following a diplomatic firestorm over the government’s earlier refusal to allow her and a colleague entry as part of a broader visit. Tlaib, in a scathing statement and set of tweets, announced ...

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $ 7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to Incite Run on Chinese ...

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