Search Results for "crypto transfers"
JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini
JPMorgan Chase, the largest bank in the United States, has set the ball rolling by accepting crypto exchanges Gemini and Coinbase as banking customers. This is a sign that Bitcoin and other cryptocurrencies are being embraced in the American financial landscape and Wall Street. The bank gave Coinbase and Gemini accounts the green light in April, and transactions are just kick-starting. Reportedly, JPMorgan Chase is offering cash-management services to the exchanges, as well as dealing with dollar-based transactions for their US-based clients.
Binance Freezes Withdrawals and Suspends Core Services As Crypto Market Runs Hot
As the cryptocurrency market reaches all time high retail interest, exchange giant Binance has announced a temporary suspension of services for maintenance on its platform.
How Banking Difficulties Drive Crypto Adoption in Latin America
Many businesses and individuals in Latin American countries are using cryptocurrency to buy retail goods while seeking to avoid unstable fiat markets.
Integration of Credit Card with Digital Currencies, Bringing Crypto from Hype to Mainstream
Financial giants MasterCard and Visa are expanding at a fast pace and beginning to explore Bitcoin and other cryptocurrencies.
Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System
Crypto usage is growing in Russia, despite attempts by the government to make investment more difficult.
Bitcoin Wallets Transferring Funds to Crypto Exchanges have Doubled Since January
Glassnode, an on-chain market analytics firm, has disclosed that addresses sending Bitcoin to crypto exchanges have doubled since January 2020.
Billionaire Investor Howard Marks Changes His Mind on Bitcoin as Demand for Crypto Rises
Billionaire Howard Marks has acknowledged that the growing demand of Bitcoin has shifted his perspective.
Ethereum to See $1 Trillion in Real Value Transfers This Year, Eclipsing PayPal as Institutional Interest Rises
Ethereum will process more than $1 trillion in real value transfers this year, surpassing PayPal.
Coinbase Lists DeFi Tokens AAVE, BNT, and SNX as Warning of US Crypto Wallet Regulation Looms
2020 has been all about the DeFi boom. Many crypto exchanges have welcomed the DeFi craze with open arms, notably Coinbase, with the addition of new coins.
US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions
The U.S Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.
ECB Report: Striking the Balance Between Allowing Privacy and Ensuring Compliance with CBDC
The European Central Bank has recently developed an “anonymity voucher” to safeguard potential central bank digital currency (CBDC) users’ privacy for low-value retail transactions, while ensuring that high-value transfers are subject to anti-money laundering (AML) approvals.
US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime
The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).