Citi abandons ‘Citicoin’ project in face of competition
Citigroup have given up on their plans for a ‘Citicoin’ crypto payment solution, realizing that there are already better solutions, like Bitcoin SV.
Latest bank News
Deutsche Börse, Swisscom and Sygnum partner on digital asset platform
German based Deutsche Börse has reached an agreement to partner with Swisscom and Sygnum to create what the three firms describe as a “trusted digital asset ecosystem.”
Digital banking startup Revolut denies money laundering claims
U.K digital banking startup Revolut has refuted claims that it abandoned its anti-money laundering protocols and possibly processed illegal payments. They say it’s just a big misunderstanding.
Signature Bank brings banking services to Bermuda’s fintech industry
Signature Bank has agreed to provide a full range of banking services to crypto and fintech startups, as well as already existing 66 businesses in the industry.
Swiss bank Julius Baer enables crypto services to meet ‘increasing demand’
The Swiss bank announced that it has partnered with digital bank startup SEBA Crypto to offer access to crypto storage, investment and transaction services to its customers nationwide.
IBM enters into a new blockchain deal with Santander
IBM has made a deal with Santander to implement their cloud banking strategy with blockchain technology.
No longer fraud? JPMorgan launching crypto for payments business
JPMorgan Chase is about to become the first U.S. multinational bank to roll out a cryptocurrency that will be used to "instantly settle payments between clients."
South Korea’s KEB Hana Bank files 46 blockchain-related patents
The largest foreign exchange bank in South Korea has filed 46 patents for blockchain technology, in one of the largest single disclosures of blockchain IP ever disclosed.
Marshall Islands taps Swiss firm for sovereign crypto banknotes
The Marshall Islands has procured the services of Swiss-based Tangem for the production of physical blockchain banknotes for its official currency.
Galaxy Digital raising $250 million to lend crypto firms
Galaxy Digital Holdings is reportedly raising $250 million that will go to a credit fund to provide loans to cryptocurrency companies.
70% of central banks exploring digital currency
The Bank of International Settlements has found that a large number of central banks are exploring the issuance of a digital currency.
NDIC concerned about evolution of digital currencies in banking
Nigeria Deposit Insurance Corporation (NDIC) has expressed concern over the development of digital currencies and their effect on the banking industry.