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Saturday, January 23, 2021

Bank

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Mongolian bank will soon start offering crypto services

Mongolian second-largest bank, TDB Bank, recently decided to start offering crypto services. The bank partnered up with two firms to do so, although additional participants...

Avanti permitted to open a crypto-friendly bank in Wyoming

Wyoming State Banking Board just voted unanimously to allow Avanti to launch a crypto-focused bank. The company managed to complete the process in record time,...

British FinTech company Cashaa to open physical bank branches in India

Cashaa intends to expand the number of crypto banks in India to 100 after the initial launch. Earlier this month, the FinTech firm rolled out...

Swiss central bank and BIS team up for a crypto project

The Bank of International Settlements is working with Switzerland's central bank on a new crypto project. The project is actually a CBDC proof-of-concept that is...

General Motors shares advanced as Bank of America raised its target to $65

GM will build electric vehicles and the total investment will be around $2B The new Cadillac LYRIQ will be the first EV produced at Spring...

Raiffeisen Bank to connect its stablecoin project to multiple blockchains

The blockchain interoperability tool will prevent RBI Coin from being restricted to one blockchain. Per Raiffeisen Bank’s Christian Wolf, this move will introduce flexibility for...

Bank of Canada to hire an economist familiar with crypto

Canada's central bank is progressing with its CBDC development, according to its Deputy Governor. Further, the bank posted that it is looking for an economist...

US dollar index ranging as bank earnings gets underway

The US dollar index is little changed today as the market reacts to US bank earnings. Goldman Sachs, JP Morgan, and Citi released better earnings...

USD/KRW under pressure after Bank of Korea rate decision

The USD/KRW is under pressure today as the market reacts to the Bank of Korea rate decision. The central bank left interest rate unchanged as...

Japan’s central bank to start CBDC tests next year

The Bank of Japan is preparing to starts the tests of its CBDC in FY 2021, starting in April. A new report issued by the...
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