Cryptocurrency
Wall Street gets new crypto rival after Texas bank completes regulatory pivot
By establishing a national charter under the executive branch, United Texas Bank said it intends to enable AI-driven payment rails to intercept global digital dollar volumes.
Banca Sella gets green light to provide crypto services to customers in Italian first
The fintech-forward private bank said it is the first Italian lender to get Bank of Italy approval under MiCA to offer digital asset custody and transfers.
Why Minnesota is empowering local banks to fight Wall Street for crypto revenue
A local banker told CoinDesk that in light of Wall Street’s aggressive push into the crypto industry, Minnesota's financial institutions could not afford to remain on the sidelines.
Peer-to-peer trading startup Variational raises $50 million for real-world perps in funding round led by Dragonfly
The company is initially offering perpetual futures on real-world assets including oil, silver, copper and gold.
Minnesotan banks and credit unions set to provide crypto custody Aug. 1
Minnesota established the midwest’s first unified digital asset safety net for banks and credit unions.
Hana Bank to acquire $670 million stake in Upbit operator Dunamu
The South Korean bank announced plans for a won-pegged stablecoin, blockchain remittances and tokenized securities.
CME dives further into $85 trillion digital assets market with Nasdaq CME Crypto Index futures
A CME group executive said the demand grew with average daily trading volume in his firms’ suite increasing by 43% year-to date.
UK parliament to probe Nigel Farage’s $6.8 million donation from crypto billionaire
If found guilty of violating the Parliamentary code of conduct, the Reform UK party leader could be suspended from the House of Commons.
Purge of millions of crypto tokens underway, BTC needs it for sustainable bull cycle: Ben Cowen
Researcher and market analyst Ben Cowen says the purge of millions of altcoins is already underway and is necessary for a sustainable bitcoin bull market to be in place.
Standard Chartered expands further into crypto with stake in GSR at $1 billion valuation
SC Ventures, Standard Chartered’s venture capital division takes a stake in crypto trading firm GSR at a valuation of more than $1 billion, according to Bloomberg.
