State Street, a $36 billion bank, is aiming to change legacy finance using blockchain tech
CEO Ronald O’Hanley says the transformation isn’t about bitcoin, but about reengineering traditional assets for faster, modern rails.
Bank
Germany’s second-largest lender DZ Bank secures retail crypto trading MiCA license
DZ Bank will “shortly” roll out a crypto trading platform for cooperative banks to offer to clients.
Bank of Italy economist sends out warning on Ethereum's role in financial system
The study suggests that Ethereum’s role in financial systems makes its token economics a concern for regulators, who may need to consider safeguards for its use in regulated finance.
Bitcoin (BTC) jumps above $87,000, yen slides as Bank of Japan hikes rates by 25 basis points
Bitcoin BTC$87,108.49 strengthened as the Japanese yen dropped after the Bank of Japan (BOJ) hiked interest rates as expected. The Japanese central bank raised its short-term policy rate by 25 basis points to 0.75%, the highest level in roughly three decades, continuing the gradual shift… Read More
Ex-Signature Bank Executives Launch Blockchain Bank N3XT
A group of former executives from the collapsed crypto-friendly Signature Bank has launched a new blockchain-based, state-chartered bank called N3XT, with the goal of enabling instant 24-hour payments. N3XT said on Thursday that it aims to settle payments instantly at any time using a private… Read More
Major Nordic Bank Will Allow Customers to Access Bitcoin ETP
Scandinavia’s largest bank, Nordea, has shifted its stance on crypto in the face of growing adoption and regulatory clarity, announcing its customers can access an external Bitcoin-linked exchange-traded product (ETP) in December. The Bitcoin ETP, developed by digital asset investment firm CoinShares, holds Bitcoin (BTC)… Read More