The largest bank in Brazil has opened the possibility of trading Bitcoin and Ethereum
Brazil's largest bank, Itau Unibanco, has unveiled a new service allowing its clients to trade cryptocurrencies, according to a report from Reuters. Initially, the bank will facilitate transactions involving Bitcoin and Ethereum, with plans to gradually expand its support to encompass a broader range of digital assets in the future. Guto Antunes, a spokesman for the bank, highlighted this initial phase, stating, "While we begin with Bitcoin, our overarching strategic vision includes expa...
The largest bank in Brazil has opened the possibility of trading Bitcoin and Ethereum
Brazil's largest bank, Itau Unibanco, has unveiled a new service allowing its clients to trade cryptocurrencies, according to a report from Reuters. Initially, the bank will facilitate transactions involving Bitcoin and Ethereum, with plans to gradually expand its support to encompass a broader range of digital assets in the future. Guto Antunes, a spokesman for the bank, highlighted this initial phase, stating, "While we begin with Bitcoin, our overarching strategic vision includes expa...
Arthur Hayes saw a threat in institutional interest in Bitcoin
Arthur Hayes, former BitMEX CEO, recently voiced concerns regarding the growing institutional interest in Bitcoin. Hayes, during a conversation with Blockworks, argued that approving a Bitcoin-based spot exchange-traded fund (ETF) would not necessarily be in the best interests of Bitcoin and its users. He went on to emphasize that the influx of institutional investment could potentially pose a threat to the cryptocurrency and its original principles. Hayes suggested that large investment firm...
Arthur Hayes saw a threat in institutional interest in Bitcoin
Arthur Hayes, former BitMEX CEO, recently voiced concerns regarding the growing institutional interest in Bitcoin. Hayes, during a conversation with Blockworks, argued that approving a Bitcoin-based spot exchange-traded fund (ETF) would not necessarily be in the best interests of Bitcoin and its users. He went on to emphasize that the influx of institutional investment could potentially pose a threat to the cryptocurrency and its original principles. Hayes suggested that large investment firm...
Sam Bankman-Fried remained in jail pending trial
Sam Bankman-Fried, the founder of FTX, will remain in prison pending his bankruptcy trial, as the appeals court has rejected his request for release. This decision follows a previous revocation of his bail by a federal judge in August. The defense had requested Bankman-Fried's release, citing concerns about the inadequate internet connection in prison. However, the appeals court upheld the previous decision to keep him in custody. Bankman-Fried's situation has garnered significant a...
Sam Bankman-Fried remained in jail pending trial
Sam Bankman-Fried, the founder of FTX, will remain in prison pending his bankruptcy trial, as the appeals court has rejected his request for release. This decision follows a previous revocation of his bail by a federal judge in August. The defense had requested Bankman-Fried's release, citing concerns about the inadequate internet connection in prison. However, the appeals court upheld the previous decision to keep him in custody. Bankman-Fried's situation has garnered significant a...
Genesis Lenders Call DCG Offer "Unsatisfactory"
The ongoing bankruptcy proceedings of Genesis Global Holdco have hit a roadblock, as creditors of the company have expressed dissatisfaction with the terms of a proposed deal with Digital Currency Group (DCG). This development has led to the court suspending the bankruptcy process. The proposed agreement between Genesis Global Holdco and DCG outlined specific terms, including the repayment of two loans amounting to $328.8 million, with maturities set at two years and seven years. The repaymen...
Genesis Lenders Call DCG Offer "Unsatisfactory"
The ongoing bankruptcy proceedings of Genesis Global Holdco have hit a roadblock, as creditors of the company have expressed dissatisfaction with the terms of a proposed deal with Digital Currency Group (DCG). This development has led to the court suspending the bankruptcy process. The proposed agreement between Genesis Global Holdco and DCG outlined specific terms, including the repayment of two loans amounting to $328.8 million, with maturities set at two years and seven years. The repaymen...
The Central Bank of the Russian Federation has set tariffs for transactions with the digital ruble
The Bank of Russia has taken a significant step in the development of its Central Bank Digital Currency (CBDC) by approving the tariffs for operations with digital rubles, which will be effective from January 1, 2025. The move is part of the country's efforts to embrace digital innovation and modernize its financial system. For businesses, the fee for accepting digital rubles as payment for goods and services will be set at 0.3% of the payment amount, with a maximum cap of 1,500 rubles p...
The Central Bank of the Russian Federation has set tariffs for transactions with the digital ruble
The Bank of Russia has taken a significant step in the development of its Central Bank Digital Currency (CBDC) by approving the tariffs for operations with digital rubles, which will be effective from January 1, 2025. The move is part of the country's efforts to embrace digital innovation and modernize its financial system. For businesses, the fee for accepting digital rubles as payment for goods and services will be set at 0.3% of the payment amount, with a maximum cap of 1,500 rubles p...
