Category: Blockchain

A group of about 370 savings banks in Germany, collectively known as Sparkasse, are working on plans to launch services bothering around Bitcoin (BTC) and Ethereum (ETH) as early as the coming year 2022. As reported by the local magazine, Capital, the plan is at the advanced stages and is subject to approval from the

FTX Derivatives Exchange has inked a global sponsorship deal with professional NBA basketball team Golden State Warriors, a move that will provide FTX brand presence throughout the team’s stadium called the ‘Chase Center’.   CNBC reported, citing people familiar with the transaction, that the deal is a multi-year pact estimated to be worth about $10 million. Besides

Robinhood has partnered with Blockchain analytics company Chainalysis to help the crypto trading app to fulfil compliance ahead of the rollout of its crypto wallet, which is planned to be launched for all users in early 2022. On Monday, December 13, Chainalysis announced that it will offer data and compliance tools to Robinhood Crypto- an

HSBC and Wells Fargo have signed a strategic agreement to use a settlement ledger powered by blockchain technology when undertaking foreign exchange (FX) transactions. This move is deemed a stepping stone towards minimizing settlement risk. In a statement, Mark Jones, co-head of Macro, Wells Fargo Corporate & Investment Bank, welcomed this move and said:

A major “fat finger” transaction error in the growing blockchain world took place over the weekend with a Bored Ape Yacht Club (BAYC) NFT mistakenly listed for 0.75 ETH (worth approximately $3,000) instead of 75 ETH (worth over $300,000). CNET interviewed the owner of the NFT named Max who explained that the buyer was smart

The Switzerland franchise of Spanish banking giant BBVA has added Ethereum trading and custody to its digital currency investment portfolio. According to an update from the bank, the Ethereum service is open to its private customers with a New Gen Account and will be able to manage both Bitcoin and Ethereum through the account. The

NFT platform RTFKT Studios, which integrates reality into fashion and games, announced on its official Twitter account on December 13 that it has been successfully acquired by sports brand giant Nike.  The specific terms of the transaction have not been announced to the public. Founded in 2020, creator of virtual sneakers and collectables RTFKT is a

Whales of Ethereum (ETH) have taken advantage of the retracement happening in the market by accumulating more coins. Lex Moskovski, the CIO of Moskovski Capital, explained: “ETH supply held by 1K – 10K accounts has surged. $4M – $40M ultrasound whales ramped up their positions.”   Ethereum’s price was hovering around $3,793 during intraday

The Bank of Russia has issued new rules for the mutual funds operating their businesses in the country, banning mutual funds investment in cryptocurrencies.      On Monday, December 13, the country’s major financial regulator published an official statement on regulating investment opportunities by mutual investment funds. As a result, the agency banned mutual funds from

Myanmar’s shadow political entity, the National Unity Government (NUG) has reportedly adopted the Tether (USDT) stablecoin as its primary currency as the faction seeks to bypass laid down sanctions from the military regime.  As reported by Bloomberg, the adopted stablecoin will serve as an alternative to the US Dollar and will be deployed for “domestic