banks

banks

Markets

Citi: Bitcoin at 'Tipping Point' as Institutions Come on Board

Looking forward, a Citi report suggests bitcoin could "become the currency of choice for international trade."

Citibank (TungCheung/Shutterstock)

Finance

Swiss Private Bank Bordier & Cie Launches Crypto Trading for Clients

Bordier & Cie clients will be able to buy, hold and trade digital assets such as bitcoin, ethereum, bitcoin cash and tezos.

Geneva, Switzerland

Policy

Russia's Digital Ruble Model to Get Bank-Friendly Redesign

Banks had feared being drained of liquidity under the original concept for the digital currency.

Elvira Nabiullina, governor of the Bank of Russia.

Finance

IBM, Top Australian Banks Execute Country's First Blockchain Bank Guarantee

By digitizing the paper process, the Lygon joint venture says it has shown it can speed up bank guarantee issuances.

Sydney, Australia

Markets

Blockchain Bites: The Weird and Wonderful in Crypto This Week

Also: Ether is jumping off, taking DeFi tokens with it.

A man reading something shocking in the newspaper. (CoinDesk Archives)

Markets

Bank of Singapore Says Crypto Could Replace Gold as Store of Value

Cryptocurrencies need to overcome a number of hurdles first, though, according to a research note.

Singapore

Finance

Tether's Bank Deltec Says Stablecoin Is Fully Backed by Reserves

"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.

Tether dice

Finance

Analysts Question Silvergate Execs on Whether Crypto Deposit Growth Will Continue

The majority of the new deposits came from cryptocurrency exchange clients.

Silvergate CEO Alan Lane (CoinDesk)

Policy

Australian Bitcoin Trader Takes Banks to Tribunal After Sudden Account Closures

The trader was operating a registered digital currency exchange.

ANZ

Markets

Crypto Markets Jump on OCC Approval for Banks to Use Blockchains

The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.

Cryptocurrencies react to OCC letter approving banks' use of public blockchains