Tags : Bank

Bitcoin

Crypto enthusiast projects ‘Bitcoin fixes this’ on Bank of England

On Friday night, a massive image appeared on the Bank of England’s building in London stating that “Bitcoin fixes this.” Look what someone projected onto the Bank of England last night. pic.twitter.com/DqGAeFfmjb — Dominic Frisby (@DominicFrisby) May 1, 2021   The phrase itself, sometimes with variations (such as Bitcoin “solves” or “can solve this,” for […]Read More

Bitcoin

US bank BNY Mellon blames “no exposure to Bitcoin” for

US bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed. As of the second quarter of 2020, BNY Mellon is the world’s largest custodian bank and asset servicing company, with over $2.0 trillion in assets under management […]Read More

Regulation

Major UK bank NatWest won’t serve businesses dealing in crypto

National Westminster Bank (NatWest), a major retail and commercial bank in the U.K., will stop serving any businesses that accept or otherwise transact cryptocurrencies, news daily The Guardian reported yesterday. “We have no appetite for dealing with customers, whether taking them on as new clients or having an ongoing relationship with people, whose main business […]Read More

Bitcoin

Bank Begins Blocking Shares Of Companies Who Buy Bitcoin

At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies.” But as we’ve seen as of late, banks are finally coming around along with the rest of the finance world.  However, not all banks are hopping on the bandwagon, and […]Read More

Blockchain

Bank of Japan Set to Begin Experimenting with CBDC 

Earlier today, the Bank of Japan (BOJ) announced that it began experimenting with the possibility of issuing its own central-bank digital currency (CBDC). The central bank first  entertained the idea of a CBDC back in February.  Now, the decision to ramp up their timeline coincides with other nations making strides in creating their own digital […]Read More

Bitcoin

China’s biggest bank says Bitcoin is driving its efforts in

An official of the People’s Bank of China (PBoC), the country’s central bank and chief financial regulator, said yesterday that the burgeoning Bitcoin space was one of the reasons behind the resurgence of the country’s own digital currency plans. “This (the interest in CBDCs) may also be related to the large increase in the price […]Read More

Bitcoin

Deutsche Bank report: “Bitcoin is too big to ignore”

Now that the crypto market is worth over $1.8 trillion, Deutsche Bank stated that Bitcoin is “too big to ignore,” according to a report. The report outlines the challenges of Bitcoin becoming a medium of exchange or an asset class. It notes that the inherent volatility of the crypto market will continue to rise and […]Read More