Category Archives: Cryptocurrency News

Binance Launched Binance Pay Beta

Binance cryptocurrency exchange has launched a beta version of the Binance Pay service for payments in five cryptocurrencies: BTC, ETH, BUSD, BNB and SXP. The exchange sees him as a potential competitor to PayPal. The beta version of the service was “secretly” launched last Friday. The management of the exchange announced this only today, at the virtual event Binance Blockchain Week. Binance CEO Changpeng Zhao said Binance Pay is “a contactless and secure technology for…

Visa develops cryptocurrency services for banks

Visa is developing a set of APIs for banking and financial institutions. They can provide their clients with services for working with cryptoassets. Payment card operator Visa and digital bank First Boulevard are preparing to launch a program for bank customers to buy, sell and store cryptocurrencies. First Boulevard’s neobank will be Visa’s first user programmable interface (API). The CEO and President of First Boulevard, Donald Hawkins (Donald Hawkins), believes that bitcoin is a new…

Sygnum Bank Has Tokenized Vintage Wines on Desygnate Platform

From February 1, Switzerland is allowed to issue tokenized assets. Sygnum Bank was the first to tokenize “investment vintage wines” by issuing tokens on the Desygnate platform. The Swiss bank Sygnum tokenized the first set of assets in accordance with the country’s new law on the use of distributed ledger technology (DLT). Sygnum Bank has teamed up with Fine Wine Capital AG to tokenize a range of “investment vintage wines” and has issued tokens representing…

Economists: “the concept of state-owned cryptocurrencies could turn out to be a failure”

Economists Peter Bofinger and Thomas Huss argue that government-owned cryptocurrencies may fail as a medium of exchange due to competition from private banks. According to an article on European economic policy analysis published by economists Peter Bofinger and Thomas Hass, cryptocurrencies issued by governments may be a failure because the concept lacks “understandable motivation.” Bofinger and Hass, of the economics department of the University of Würzburg in Germany, argue that central banks have been too…

Crypto Broker AG obtained a broker-dealer license in Switzerland

The brokerage division of Crypto Finance Group – Crypto Broker AG – has received a brokerage license from the Swiss Financial Markets Authority (FINMA). Crypto Broker AG CEO Rupertus Rothenhaeuser said the license would expand the firm’s reach, enhance regulatory compliance, and facilitate risk monitoring and liquidity reporting. Many banks are ready to work only with regulated partners, imposing strict requirements on them. According to Rothenhauser, now Crypto Broker AG can work with any Swiss…

SBI and SMFG Will Launch Blockchain Stock Exchange in 2022

SBI Holdings and Sumitomo Mitsui Financial Group (SMFG) will launch a blockchain digital securities exchange in Osaka in the spring of 2022 to compete with the Tokyo Stock Exchange. According to the Nikkei publication, the exchange created by SBI and SMFG will be the first stock exchange in Japan to allow investors to trade digital securities using the blockchain. To prepare for the launch of the exchange in March, the companies will create an operating…

CoinMarketCap has Pushed WSB token ahead of bitcoin in support of Reddit users

WallStreetBets (WSB) token appeared on CoinMarketCap, which took zero place ahead of BTC in terms of capitalization. This joke relates to Reddit users’ revenge on institutional traders. The CoinMarketCap service posted a warning on the WSB page that no such asset actually exists. This means that Bitcoin is still the leader in the cryptocurrency market. The fictional token is valued at $ 483, and its capitalization is $ 24.8 billion. There are 51,442,000 WSB in…

Visa plans to expand the use of cryptocurrencies in the payment network

The CEO of Visa spoke about plans for cryptocurrency payments during a teleconference on the company’s financial activities for the first quarter of 2021. In his speech, Visa CEO Alfred Kelly said the company is ready to make cryptocurrency payments safer and more widely used by working with the firm’s partners. Visa plans to work with wallets and exchanges so that users can buy cryptoassets, he said. In addition, the company intends to provide users…

SIA and WizKey are developing an Ethereum-based platform for the secondary loan market

SIA, a developer of electronic payment services, plans to launch an Ethereum-based secondary lending platform in the second half of 2021. According to a statement from SIA, the firm is working on a blockchain-based system to enable secondary credit trading. The platform will allow banks, funds and financial operators to conduct secondary credit transactions through the blockchain. In a separate statement, a SIA spokesman said the company plans to test the Ethereum-based platform in the…

BIS: “Central banks of developing countries will issue state cryptocurrencies in the next three years”

According to a new study by the Bank for International Settlements (BIS), central banks are actively researching state-owned cryptocurrencies, and developing countries are initiating their mass release. According to BIS’s third annual survey of 65 central banks, 86% of respondents said they at least consider the pros and cons of issuing their own digital currencies. Last year this figure was 80%. According to the survey, 60% of central banks are currently experimenting with government-owned cryptocurrencies.…