Browsing:Market News

Santander Bank
2 years ago 1 min read

Santander Bank to impose limits on payments to crypto exchanges

Santander UK, a British bank wholly owned by the Spanish multinational financial services firm Santander Group, has informed its customers that payments to cryptocurrency exchanges will soon be restricted. According to a recent notice (on the company’s website) aimed at customers, the bank has seen “a large increase in UK customers becoming victims of cryptocurrency fraud.” And as a result, they have decided to place limits on payments to cryptocurrency exchanges in order to “protect” their customers. The maximum amount per transaction and the maximum aggregate amount over any “rolling 30-day period” for payments made through Mobile Banking and Online

Sam-Bankman-Fried founder and CEO of FTX
2 years ago 1 min read

FTX CEO Bankman-Fried says their strength was unnecessary in Musk’s vision for Twitter

According to Bankman-Fried or SBF, their strength was unnecessary in Musk’s vision for Twitter. SBF, the CEO of the FTX exchange, explained why he did not join Elon Musk in his acquisition of Twitter. Bankman-Fried made these remarks in response to a question from Forbes Chief Content Officer Randall Lane at the Forbes Iconoclast Summit 2022. Among the many reasons given by SBF for declining to join Musk in the acquisition, the first was that their strength was not required by Musk’s vision for Twitter. Furthermore, SBF explains that Musk’s and Bankman-visions Fried’s did not complement each other. However, Bankman-Fried

HashKey Group's investment arm has been granted a license to operate in Singapore by the city-financial state's regulator.
2 years ago 1 min read

Singapore regulator grants HashKey Capital a license

HashKey Capital was granted a license to provide services in Singapore by Singapore’s financial regulator. HashKey Group’s investment arm has been granted a license to operate in Singapore by the city-financial state’s regulator. The firm announced today that the Monetary Authority of Singapore has granted it a Capital Markets Service license. HashKey Capital Singapore will provide fund management services in Singapore. In a statement, Deng Chao, CEO of HashKey Capital Singapore, said, “Once the CMS license is granted, HashKey Capital will be able to offer its services to institutional and accredited investors.” HashKey Group’s venture arm was established in 2018

Goldman Sachs warming up DeFi space
2 years ago 1 min read

Goldman Sachs partners with MSCI and Coin Metrics to launch a framework for digital assets

Multinational investment bank Goldman Sachs is collaborating with MSCI and Coin Metrics to launch a framework for digital assets. Datonomy, a new data feed that will allow investors to monitor trends in the crypto and DeFi markets, is being developed by Goldman Sachs, MCSI, and Coin Metrics. According to a press release, Goldman Sachs is collaborating with other companies to develop a framework for digital assets. The framework demonstrates that Goldman Sachs is particularly interested in DeFi, though it also pays attention to other trends. The bank is working with MSCI as well as Coin Metrics on the framework called

Mastercard announced on November 3 that it has chosen seven more industry startups for its Start Path program to promote the adoption of crypto and blockchain technology.
2 years ago 1 min read

Mastercard supports seven more blockchain startups for its crypto accelerator program

As part of its fintech accelerator, the Mastercard Start Path program, global payments giant Mastercard continues to support cryptocurrency and blockchain startups. Mastercard announced on November 3 that it has chosen seven more industry startups for its Start Path program to promote the adoption of crypto and blockchain technology. Fasset, Singapore’s crypto payments platform Digital Treasures Center, and Colombian stablecoin-focused firm Stable are among the new startups in the new cohort. Mastercard previously collaborated with Fasset in July to develop digital solutions to promote financial inclusion in Indonesia. The latest Mastercard Start Path program also includes Loot Bolt, a Web3-focused

CZ of Binance consider to buy a bank
2 years ago 1 min read

Binance is considering buying a bank to the gap between traditional financial sector and the crypto sector

Changpeng Zhao (CZ), the CEO of Binance, has stated that his team is considering using acquisitions to bridge the gap between the traditional financial sector and the cryptocurrency industry. This opinion was expressed by CZ on Wednesday during a speech at a Web Summit in Lisbon, Portugal. CZ noted that his exchange had previously noticed that whenever banks collaborate with Binance, more users flock to them, increasing their valuation. To “capture some of the equity upsides,” he thinks it would be wise to invest in those financial institutions. Portuguese city of Lisbon, one of the friendlier locations for cryptocurrency investors

Union Bank of the Philippines accepts BTC and ETH
2 years ago 1 min read

Union Bank of the Philippines launches a pilot program for BTC and ETH custody and trading services

The Union Bank of the Philippines (UnionBank) has launched a pilot program for Bitcoin (BTC) and Ether (ETH) custody and trading services for select retail customers, according to a joint announcement on November 2. UnionBank has launched a new investment and trading feature in collaboration with Swiss crypto technology firm Metaco, with the feature going live on Metaco’s digital asset platform Harmonize. Furthermore, UnionBank first collaborated with Metaco in January 2022 to develop cryptocurrency trading services. UnionBank, which is licensed and supervised by the Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP), has been actively exploring the cryptocurrency industry in

founder of Cardano supports Elon Musk
2 years ago 1 min read

Cardano founder responds to Musk charging $8 For Twitter Blue Tick

Elon Musk, Twitter’s new CEO, said he intends to change the blue checkmark criteria system and making it available to the masses on a subscription basis for only $8 per month. Cardano founder Charles Hoskinson quickly responded to Musk’s tweet, agreeing with his decision. Furthermore, Hoskinson believes the move will help Musk generate over $500,000 in annual revenue. Furthermore, doing so will eliminate much of the confusion surrounding the verification criteria, etc. The IOHK founder also stated that a Digital IDentity (DID) for verified tweets would be required. On the contrary, Ethereum founder Vitalik Buterin believes that Musk’s proposal to

Huobi crypto exchange to relocate to the Caribbean
2 years ago 1 min read

Huobi Global intends to relocate to the Caribbean

Crypto exchange, Huobi, which recently had to deny rumors of massive layoffs within the company, announced plans to relocate its headquarters to one of the Caribbean jurisdictions, with Dominica being the first candidate. Financial Times revealed the company’s intention “to go all in in the Caribbean” in a report, citing one of the board members. The region’s “super-friendly” crypto stance, common law systems, and English language adoption are the reasons for this. Huobi representatives also met with Dominica’s Prime Minister Roosevelt Skerrit last year, and the company plans to work with the government to improve the country’s crypto infrastructure. Huobi’s

CZ Binance CEO
2 years ago 1 min read

Binance CEO claims that Binance wants to assist Elon Musk in bringing Twitter into Web3

Billionaire Changpeng Zhao claims that Binance wants to assist Elon Musk in bringing Twitter into Web3. The CEO of the world’s largest cryptocurrency exchange by trading volume says he wants to help Twitter transition into the next phase of the internet. Binance CEO CZ says his company’s $500 million investment in Elon Musk’s Twitter takeover was in the interest of free speech in a new interview with CNBC’s Squawk Box. During an interview, CZ noted,  “There are more tactical things, we want to bring Twitter into Web3 when they’re ready. We want to help solve those immediate problems like, as

Central Bank of India rolls out digital rupee
2 years ago 1 min read

India launches the first digital rupee pilot program

The e-rupee will be available in two denominations: wholesale for interbank settlements and retail for the general public. India’s central bank launched a pilot program for its proposed digital rupee, enlisting nine private and state-owned banks to conduct interbank transactions with this form of currency. The digital rupee has the same value and legitimacy as a banknote or a coin, but it does not have a physical form, making transfers and settlements easier and more efficient. The new pilot, the first of many, will put the digital rupee to the test in what the Reserve Bank of India (RBI) refers

The China Central Bank
2 years ago 1 min read

The China Central Bank to team up with the Hong Kong Monetary Authority on Digital Yuan

The People’s Bank of China’s Governor, Yi Gang, stated that the bank would collaborate with the Hong Kong Monetary Authority on the digital yuan. He also emphasizes the importance of privacy in design and development. The People’s Bank of China is collaborating with the monetary authority of Hong Kong to launch the digital yuan. The central bank’s Governor, Yi Gang, announced the initiative during a speech at the Hong Kong FinTech Week 2022. Several Chinese provinces are now using the central bank’s digital currency (CBDC). Yi stated that CBDCs have gained popularity in recent years and that the technology has

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus