#banks
63 articles found
Latest
DZ Bank Introduces Cryptocurrency Services
Germany’s DZ BANK Group, the nation’s second-largest banking group, is preparing to offer cryptocurrency trading and custody services to over 700 of its cooperative banks via the Boerse Stuttgart platform. The launch is expected by the year's end, with technical preparations nearing completion. On-Chain Analysis with Nansen
Nansen is an analytical platform that offers deep insights into token movements, NFT activities, and categorizing crypto wallets belonging to banks, exchanges, and major investors, thereby significantly enhancing data handling. Investors leverage Nansen to spot whales, manage portfolios, and delve into on-chain investigations. Swiss Banking Giant PostFinance Enters the Crypto Arena
PostFinance, one of Switzerland's major banks, is stepping into the cryptocurrency world with a service for retail clients, launching on February 21, 2024. The service will allow users to purchase, store, and even set up savings plans for digital assets. Initially, it will offer access to 11 popular cryptocurrencies. Nigerian Banks Reopen Doors to Crypto Transactions
The Central Bank of Nigeria has reversed its directive that barred commercial banks from engaging with cryptocurrency platforms. This change has, however, stirred discontent among P2P traders, who had largely taken over the market after the initial ban. Binance Aims to Cease Partnership with Advcash
The fiat gateway from Advcash made it possible for users to transfer their money stored in Russian banks, which have fallen under sanctions, to the exchange.
The user base is spreading this news, having gotten notifications from the exchange about it.
Nevertheless, Advcash representatives assert that they haven’t received any communications from Binance concerning updates to their partnership. Upbit Salaries Soar by 124%
According to the Financial Supervisory Service (FSS), the average annual salary for employees and executives at the South Korean cryptocurrency exchange Upbit now exceeds that of employees at the country’s major banks: $99,500 compared to $86,700. This marks a 124% increase over the past year. Finance Giants Pilot Canton Network
Financial powerhouses including Goldman Sachs, BNY Mellon, Paxos, and others have concluded their testing phase of the blockchain Canton Network, engineered by Bluechip Digital Asset. The initiative brought together 15 asset management companies, 13 banks, four depositary institutions, and three exchanges in its pilot phase. German DZ Bank Enters the Crypto Market
DZ Bank, the second-largest financial group in Germany, plans to unveil a retail cryptocurrency trading project by the end of 2024. This ambitious venture will see participation from dozens of corporate banks and will initially cater to private users who do not seek investment or trading consultations. 
Major Banks Complete Stablecoin Transfers on Their Platform
Deutsche Bank and SC Ventures have successfully executed the first stablecoin swaps within the Universal Digital Payments Network (UDPN). This platform was established to facilitate transactions using stablecoins and Central Bank Digital Currencies (CBDC). Swift to Launch Digital Transaction Testing in 2025
The global payment system Swift is set to start testing digital asset transactions via its network in 2025. Having experimented with blockchain technology for a while, Swift is now preparing to conduct trials with banks. The initial tests are planned for Europe, North America, and Asia.
The Little HODLer: Crypto-Themed Comics, Toys, and More
The Little HODLer series initially emerged as comics that narrate Bitcoin's origin, its contrast with currencies issued by banks, and its market dynamics, all through a cast of unique characters. It explains the concept of Bitcoin in simple, kid-friendly, and creative terms. Nigeria Sets Sights on Introducing a New Stablecoin
Nigerian banks are teaming up with the nation's Central Bank and various blockchain companies to launch a new stablecoin, Naira (cNGN), slated for 2024. This comes after previous unsuccessful attempts by the government to initiate a similar project and a digital national currency. 
