Bitcoin’s record highs push big banks’ profits to billions — Report
As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts. Go to Source
Banks
Auto Added by WPeMatico
Standard Chartered’s crypto custodian Zodia to raise $50M
Backed by several financial firms, Zodia expects to tap more diverse investors with a planned $50 million raise. Go to Source
SafePal launches Telegram crypto wallet with Visa card support
SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said. Go to Source
Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash
“I support self-custody for those willing and able,” said Saylor in a new post after encouraging “big bank” custody in an interview earlier this week. Go to Source
US bankers support Trump but expect Harris victory — American Banker
A survey of 191 bankers indicated heavy support for Trump’s cryptocurrency and taxation policies. Go to Source
Why Is Silver Soaring? A Financial Perspective Involving America’s Breaking Point
Porter Stansberry, financial editor and founder of Marketwise, believes that the rise of silver, which is experiencing a bull market, has deeper causes than just the increase in tech-related demand. He links the increase in the prices of this commodity with the upcoming destruction of America’s banking system, foretold by the movements of seasoned investors. … Read more
Bitwise CEO Makes Startling Statement on the Symbiosis Between Banks and Cryptocurrency
Hunter Horsley, co-founder and CEO of Bitwise, a $4 billion crypto fund manager, believes that banks will accelerate the participation of many investors in the cryptocurrency market. Horsley predicted that in 12 months, the stance of many crypto adopters will change, declaring that banks will be regarded as “the best thing that ever happened to … Read more
Ripple launches digital asset custody services for banks and fintech
Ripple’s move into crypto custody allows the company to diversify beyond its payment settlement business. Go to Source
Taiwan to trial crypto custody services through local banks in 2025
Taiwan’s Financial Supervisory Commission reportedly plans to start collecting applications from institutions interested in trialing Bitcoin custody services in the first quarter of 2025. Go to Source
Swift to Pilot Digital Asset and Currency Transactions in 2025
Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking … Read more
