Tether bank ‘desperate for cash’: report
The financial institution backing the stablecoin Tether is in dire need of funds, according to reports. And if it doesn’t get cash soon, Tether might be in unstable position.
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India’s central bank forms crypto, blockchain research division
While not wanting to make a huge deal out of it, India’s central bank, the Reserve Bank of India (RBI), has quietly been working behind the scenes on the possible expansion of the world’s future currency.
UK banks freeze 50cycles CEO’s accounts over crypto trading activities
Scott Snaith, CEO of Leicestershire-based e-bike specialist 50cycles, is warning customers in the United Kingdom against using high street banks after he says his bank accounts with HSBC and Barclays have been blocked.
Maerki Baumann breaks ranks to offer Swiss crypto firms banking access
Swiss banking group Maerki Baumann has become only the second bank in Switzerland to extend services to the cryptocurrency sector, providing much-needed access to banking services for crypto businesses operating in the country.
Finder.com co-founder plans crypto bank in Australia
Finder.com co-founder and crypto enthusiast Fred Schebesta is interested in opening a cryptocurrency bank in Australia.
Chile appeals court orders state bank to work with crypto exchanges
Chile’s Court of Appeals sided with Orionx crypto exchange, noting that the bank decision was an “arbitrary and illegal action, which constitutes a deprivation of the right to equality before the law.”
HSBC finalizes landmark trade finance transaction on blockchain
The transaction, which usually takes around a week to complete with paper-based processing, was finalized within a few hours on the blockchain, according to HSBC.
Court orders Chilean banks to re-open crypto accounts temporarily
The anti-monopoly court in Chile has ruled that cryptocurrency-related bank accounts should be reopened while the lawsuit filed by exchanges Buda, Orionx and Crypto MKT continued.
Barclays explores cryptocurrency trading options
Barclays is said to be considering a cryptocurrency desk, and has been making inquiries of its customers, including its hedge fund operators and strong investors.