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Bankless DAO (BANK) News



German Bank launches stablecoin

Stellar-Based Euro Stablecoin Released

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One of the earliest German banks, Bankhaus von der Heydt has introduced a Euro-backed stablecoin powered by the decentralized protocol Stellar. The company informed that for building the new digital currency it collaborated with the P2P lending platform Bitbond. BVDH member of management board...

Central bank of Canada

The Central Bank of Canada Taking Actions Towards CBDC

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The Bank of Canada is going to hire an economist with a profound knowledge of financial operations and digital currencies. This is connected with the Canadian Central Bank Digital Currency (CBDC). According to the job announcement, the economist will be responsible for monitoring and analyzing the...

kraken

Wyoming Division of Banking Licensed Kraken Crypto Exchange

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Kraken becomes the first Crypto US bank. It will be able to support clients from 49 states with digital asset custody services and help them make payments. Founded in 2011, Kraken is now one of the leading cryptocurrency exchanges in US. It has been approved as the first special-purpose depository...

Ziglu bank

UK Ziglu Bank Goes Peer-to-Peer with Crypto

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Ziglu, which is a London-based challenger bank, has lately been licensed as an Electronic Money Institution (EMI) by the U.K.’s Financial Conduct Authority. The fintech then started peer to peer payments for both digital and fiat funds. Zigu co-founder and CEO Mark Hipperson informed that the...

Julius Baer crypto

Swiss bank has record profit amid BTC storage service launch

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Julius Baer, one of the five largest banks in Switzerland, increased its adjusted net income by 34% in the first half-year. One of the drivers for improving the situation could be the offer of services for the trade and custodian storage of digital assets. In January-June, the bank's net profit...

Belarus bank token

Bank of Belarus offers banks an experiment to issue tokens

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The financial regulator of Belarus plans to attract banks to create and implement transactions with tokens. It is reported by Sputnik Belarus. According to the draft decree, financial institutions will be able to issue utility tokens and conduct their initial proposals to attract financing in...

Argentine banks blockchain

Argentine banks will use blockchain to track payments

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A consortium of banks and fintech companies in Argentina has launched a pilot program for processing requirements for direct debit of accounts based on a solution from the developer of the RSK blockchain, IOV Labs. It is reported by Cointelegraph. Since 2019, IOV Labs has been part of the round...

Galaxy Digital loss

Mike Novogratz's bank recorded a loss of $33 million

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According to the results of the IV quarter of 2019, the crypto bank of billionaire Mike Novogratz Galaxy Digital received a loss of $32.9 million. The company disclosed financial indicators in a press release. In the framework of the conference call, after the publication of the reports, the head...

Avanti US crypto bank

First regulated US crypto-bank will launch

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Well-known cryptocurrency supporter and co-founder of Wyoming Blockchain Coalition, Caitlin Long announced the development of a new bank focused on providing regulated services in the field of digital currencies. The Blockstream technology company, known for its developments in the field of...

Banks Germany crypto

More than 40 German banks want to become Bitcoin custodians

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According to the German Federal Financial Supervisory Authority, more than 40 banks are interested in obtaining a license for crypto depository services, reports Handelsblatt. On January 1, 2020, the updated Anti-Money Laundering Law entered into force, which requires a license to provide customers...

Santander Ethereum bond

Santander bank redeemed issued $20 million Ethereum-bond

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Santander, which is the largest bank in Spain, redeemed a $20 million bond, issued on the Ethereum blockchain this September. The head of digital investment banking at Santander and chairman of Enterprise Ethereum Alliance, John Whelan, also wrote about this in his Twitter account. We just...

Mike Novogratz bank

$58 million: 3 quarters profit of Mike Novogratz crypto bank

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The net cumulative income of Galaxy Digital, the cryptocurrency trading bank for the first nine months of this year, was $58.4 million, despite a net loss of $68.2 million in the third quarter. The most problematic enterprise for Galaxy in the third quarter was the OTC platform. It accounts for...

Royal Bank of Canada

Royal Bank of Canada plans to launch a crypto exchange

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Reportedly the most extensive by market capitalization bank of Canada is going to launch its crypto exchange. Royal Bank of Canada’s patents revealed some of the technologies that the financial institution may integrate and which would bring digital currency trading to RBC’s 16 million clients....

Silvergate IPO

Silvergate bank goes public on the New York Stock Exchange

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On Thursday, Nov. 6, a crypto-friendly Silvergate bank started marketing its shares on the New York Stock Exchange. The IPO day of the bank was exactly after a year it has registered for going public, according to a tweet in NYSE account. NYSE Opening Bell 🔔: Silvergate (NYSE: $SI) celebrates...

Italy’s Banking industry is going to boost cooperation with blockchain

Italy’s Banking industry is going to boost cooperation with blockchain

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Finextra published that starting from March 2020 The Italian Banking Association (ABI) is going to deploy blockchain technology to manage reconciliations. The primary thing that’ll be implemented in the banking system of Italy is the distributed ledger technology for agreements acceleration....

Alior bank in Poland applies Ethereum blockchain for new authentication feature of documents

Alior bank in Poland applies Ethereum blockchain for new authentication feature of documents

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Several banks all over the world have already tried themselves in the usage of blockchain technologies. Commonly, they are implementing systems on permissioned ledgers that only invited participants can join, but Poland’s Alior bank took the game to a higher level. Alior bank declared that it...