Tether’s Offshore Bank Deltec Reveals Large Bitcoin Position
Deltec, an offshore bank that holds the reserves for Tether, announced recently that it has a large position in Bitcoin. However, it didn’t specify the name of the client it ...
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Bangladeshi Bank Will Execute the First Shariah-Based Blockchain Transaction
City Bank recently partnered with the International Islamic Trade Finance Corporation (ITFC) to execute the first blockchain LC transactions compliant with Shariah laws. First Shariah compliant transaction The Jeddah-based ITFC ...
Saxo Bank Reports Flat Forex Volumes in December 2020
Danish multi-asset brokerage Saxo Bank recently reported figures for December 2020, reporting flat forex volumes during the period. The ADV metric for the firm halved from this year’s peak of ...
Stablecoins Now Recognized By US Banking Regulator
According to the latest reports, the Office of the Comptroller of the Currency (OCC) will let US banks use public blockchains and stablecoins as a form of settlement infrastructure in ...
Italian Banks Start Experimenting with Digital Euro
The Italian Banking Association (ABI) which is made up of more than 700 banking institutions in the country recently began a new phase of experiments with the digital Euro. Focus ...
DBS Bank Offers crypocurrency Trading From Next Week
Next week, there will be a new entrant to the crypto exchange industry, as DBS bank has finalized plans to launch a crypto trading platform. The plan was initially announced ...
Europe’s Oldest Bank Launches Euro Stablecoin On Stellar
Germany’s Bankhaus von der Heydt, or BVDH, announced that it has launched a Euro stablecoin on the Stellar network. The bank alleges that the token is the first of its ...
November FX Volumes Reported Marginal Rise At Saxo Bank
Saxo Bank had seen a bearish month, publishing its trading activity details for its brokerage platform. In this report, it’s clear that Saxo had seen an uptrend when it comes ...
China Development Bank’s Domestic Bonds Listed On Singapore Exchange
Today, the Singapore Exchange announced that it had listed the onshore bonds of one of the leading state-owned Mainland China financial institutions: The China Development Bank (CDB). With this move, ...
Stripe To Offer Bank Accounts In Conjunction With Citi And Goldman Sachs
The crypto space is thriving. Since the inception of bitcoin in 2009, the economic sphere has not been the same. Bitcoin and several other cryptos are revolutionizing the world with ...
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