Sumitomo Mitsui Trust, one of Japan’s leading banking institutions, will enter the cryptocurrency custody business. The company announced that it will launch a company in partnership with Tokyo-based exchange Bitbank. Being 15% owned by Sumitomo Mitsui Trust and 85% by Bitbank, the company was named
The Central Bank of Russia emphasized the importance of moving forward with its digital ruble project. According to a statement by a representative, the Russian monetary authority has no intention of delaying the tests, although not all invited banks are ready to participate. The Central
Even though the first initiative to launch a cryptocurrency failed, Meta still seems to have not given up on implementing a digital currency on its respective platforms. According to sources in the Financial Times (via Engadget), Meta is currently “exploring” the possibility of developing a
Coinbase has provided a service that allows its customers to take out loans using Bitcoin (BTC) as collateral. The service starts working this Wednesday (3), as announced on the company’s blog. For now, the novelty will be implemented in 20 states in the United States.
Jane Fraser, CEO of Citigroup, recently indicated in an interview that the traditional financial system has a place for cryptocurrencies, so it could benefit from certain technological and financial benefits associated with these assets. This was stated by Fraser during an interview conducted by Yahoo!
Investor Kevin O’Leary, known for being a star on the business TV show Shark Tank where he is called “Mr. Wonderful,” supports the idea that Ethereum’s recent EIP-1559 update may make Ethereum, the second largest cryptocurrency in the world, in “ultra solid currency”. In a
The government of China will distribute around $3 million (¥20 million) in another test of the digital yuan that will take place in the cities of Shanghai and Suzhou between the 16th and 29th of this month. This time, the institution will draw 500,000 red
China’s Foreign Minister Zhao Lijian urged US senators to “respect the spirit of the Olympic Charter” and stop distrusting the Chinese central bank’s (CBDC) digital currency. According to Lijian, the US has several internal issues related to security and monitoring of people that it needs
The leading global financial institutions have released a report calling on central banks to work together to achieve “interoperability” between their digital currencies. The document, published on Friday (9), was prepared by the Bank for International Settlements (BIS), the International Monetary Fund (IMF) and the
A survey made by Mastercard, the global credit cards giant, revealed that four out of ten people (40%) intend to use cryptocurrencies for payments in the future. The survey entitled “Consumer appetite for digital payments takes off” was published on Tuesday (4). For the survey,