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“# Ukrainian bank uses Stellar to launch electronic hryvnia pilot ” Tascombank, one of the oldest commercial banks in Ukraine, is launching a Stellar-based pilot for Ukraine’s national fiat currency, the hryvnia. The Stellar Development Foundation (SDF) announced on Dec. 14 a private electronic hryvnia pilot launched by Tascombank and fintech company Bitt. The electronic…
“# German savings banks want to enable Bitcoin for 50M clients: Report ” German savings banks are reportedly planning to allow customers to invest in major digital currencies like Bitcoin (BTC) and Ether (ETH) directly from checking accounts. Savings banks in German-speaking countries, also known as Sparkassen, are working on a pilot to launch an…
“# DeFi resolving the five flaws of traditional finance, book review ” Writing a book on decentralized finance is a bit like describing a riddle, wrapped in a mystery inside an enigma, to borrow from Winston Churchill. First, one must summarize the origins of modern decentralized finance, then the mechanics of the blockchain technology that…
“# Binance reportedly in talks to launch crypto exchange in Indonesia ” Binance, the world’s largest crypto exchange by trading volume, is reportedly in talks with Indonesia’s richest family, the Hartonos, to open a crypto exchange. As per a report published in Bloomberg, Binance Holdings Ltd. is looking to finalize a crypto venture with billionaire…
“# SBI announces crypto joint venture with Swiss digital exchange SIX ” SBI Digital Asset Holdings, a fully owned subsidiary of Japanese banking giant SBI Holdings, announced a joint crypto venture with Switzerland’s SIX digital exchange (SDX). The joint venture would be set up in Singapore through a crypto issuance company and aims to become…
“# Gemini partners with Colombia’s biggest bank for crypto trading ” New York-based crypto exchange Gemini has announced that it will be expanding into Latin America through an upcoming partnership with Colombia’s largest bank, Bancolombia. The partnership will take effect Dec. 14, and will permit customers from Bancolombia to trade 4 crypto assets: Bitcoin (BTC),…
“# Major Indian bank breaks ‘banking ban’ with WazirX crypto exchange deal ” Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, per a report published in the Economic Times. The banking giant announced it has partnered with the leading crypto exchange WazirX, which would allow traders…
“#Bank of America execs warn junior staffers to ‘dress down’ as NYC crime surges” Amid a surge in some New York City violent crime, Wall Street bigwigs continue to encourage younger staffers to come into the office — but to do so with caution. At Bank of America, senior executives have quietly encouraged younger employees…
“# Lummis says Fed is ‘violating the law’ with Wyoming blockchain bank delays ” Republican senator for Wyoming Cynthia Lummis has argued that the Federal Reserve is “violating the law” by delaying the processing of applications from crypto-native banks to receive accounts at the central bank. In a Nov. 30 op-ed for the Wall Street…
“#Jamie Dimon’s quick kowtow after telling truth on communist China” The state of corporate America is a sad one: Its best and brightest are so desperate to make a buck that they need to beg forgiveness when simply stating the obvious. Last week at Boston College, JPMorgan Chase CEO Jamie Dimon was riffing on US-China…