Tag Archives: Bank

India’s Largest Bank Supports Heavy-handed Crypto Regulation

One of the world’s largest banks, the government-controlled State Bank of India, does not mind the heavy regulation of crypto in the country. This is according to the bank’s chairman Rajnish Kumar. According to The Economic Times, Kumar has stated that regulation is necessary for cryptocurrencies to prevent their unlawful use: “Let’s see. Because there’s a dark side of the internet also. There can be misuse of the digital currencies. That is why regulation is must.” Continue reading India’s Largest Bank Supports Heavy-handed Crypto Regulation

Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services

The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. Continue reading Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services

This Banker-Turned-Crypto Executive Called the Deutsche Bank Dumpster Fire

At 10 am on Monday morning, bankers were seen leaving Deutsche Bank offices with white severance envelopes and bags of personal belongings. Some were in tears. Others gathered in local bars to drown their sorrows. The Deutsche Bank axe was swift and sharp, culling some 18,000 jobs in a matter of days. Continue reading This Banker-Turned-Crypto Executive Called the Deutsche Bank Dumpster Fire

Bitcoin Hits $4K, Ripple Moves 100 Million XRP, and Latin America’s Biggest Investment Bank Goes Crypto

Ripple has released 100 million XRP from escrow, sending the funds to one of its distribution wallets. Continue reading Bitcoin Hits $4K, Ripple Moves 100 Million XRP, and Latin America’s Biggest Investment Bank Goes Crypto

Japanese Bank Head Endorse Ripple (XRP) says Bitcoin (BTC) Has no Value

Sometimes, the head of SBI Holdings Yoshitaka Kitao may appear over-optimistic about Ripple and XRP abilities to revolutionize crypto. SBI Holdings anchors and is the nucleus of Ripple activities in Asia. As the majority holder of SBI-Ripple Asia alliance, they have been promoting adoption in the crypto-active region. Continue reading Japanese Bank Head Endorse Ripple (XRP) says Bitcoin (BTC) Has no Value