Tag Archives: Banks

The global division of Spanish financial institution Banco Santander – Santander Private Banking International – has reportedly introduced a new feature that enables customers with Swiss accounts to engage in the investment and trading of Bitcoin (BTC) and Ethereum (ETH). Given Banco Santander’s extensive history of more than 160 years and its broad customer base of 166 million individuals, the private banking division, which attends to 210,000 affluent clients and oversees...

Bitcoin (BTC)’s price will reach $150,000 by 2025 thanks to the upcoming “halving” and spot ETF approvals, wrote Bernstein in a Monday report. Analysts for the $691 billion asset manager’s crypto unit have modeled the asset’s future price based on its marginal production cost for miners, which they argue “acts as the price floor for every new cycle.” Defining Marginal Cost In its report, Bernstein subscribed to the Bitcoin 4-year cycle theory – the idea that Bitcoin’s price...

Commerzbank AG – the fourth largest bank in Germany – has received its Crypto Custody License after unveiling plans to break into digital asset safekeeping almost two years ago. This makes Commerzbank the first full-service bank in Germany to receive the license. Commerzbank Enters Crypto Custody Per a press release on Wednesday, the bank’s new license opens it to launching a “broad range” of new digital asset services, especially pertaining to crypto assets. Its first goal...

MicroStrategy’s Executive Chairman Michael Saylor spoke with CNBC on Thursday about the future of regulation and corporate adoption for Bitcoin (BTC), shortly after his company announced a $5.3 million BTC purchase last month. While the billionaire maintained that “you can never have too much Bitcoin,” he also claimed that “big banks” will be necessary for the asset to reach full maturity. Bitcoin Needs Big Banks? During his interview, Saylor acknowledged some of the recent...

Researchers at Standard Chartered Bank recently claimed that Ether (ETH), the second-largest cryptocurrency by market cap, could rise to 500% of its current price by the year 2026. The bank’s bullish prediction follows a similarly optimistic forecast for Bitcoin (BTC), which it claimed could reach $120,000 before 2025. Why ETH Could Skyrocket Per a research report published by the bank on Wednesday, Ethereum’s dominance compared to other smart contract platforms combined with...

The move appears to be a part of a wider push to offer digital assets to institutional clients. The tokens represent a claim against the bank and are processed on a private blockchain owned and managed by Citigroup. Clients can access the service through existing bank systems, according to reports on Sept. 18. Global head of the Citi’s services division, Shahmir Khaliq, said: “The development of Citi Token Services is part of our journey to deliver real-time, always-on, next...

Big Three credit rating agency Moody’s has downgraded numerous regional banks in the United States due to weak earnings last quarter and sizable unrealized losses, according to the firm’s Monday note. Meanwhile, banking giants including Bank of New York Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N) and Truist Financial (TFC.N) have been placed on review for potential downgrades. Stress in the Banking Sector As reported by Reuters on Tuesday, Moody’s note highlighted...

Esther Freeman – a 70-year-old Israeli resident who turned a $3,000 BTC investment into over $320,000 in 2021 – has terminated the legal battle with Bank Hapoalim. The latter was unwilling to accept her crypto profits, casting doubts on the source of the funds she used to hop on the Bitcoin bandwagon. Her investment is currently worth approximately $160,000 due to the price decrease of the leading digital asset over the following years. Dismissal of the Case Less Than Two...

According to recent research by CoinGecko, two-thirds of the 30 biggest global banks by assets under management (AUM) support crypto trading through regulated exchanges. Furthermore, around 74% of the top 50 banks worldwide support crypto trading by connecting to regulated exchanges, the report added. “However, none support retail crypto trading or on-ramping from respective native platforms.” 1/ How many of the top 30 banks in the world support crypto trading? 66% or 20 out...

Well-known crypto critic, Senator Elizabeth Warren, won support from Washington-based banking advocacy group, the Bank Policy Institute (BPI), for newly introduced bipartisan legislation that seeks to regulate the crypto industry and eliminate loopholes for illicit activity. Its support has been viewed as a peculiar move because both Warren and the Wall Street banks have hardly agreed on the same things before. In fact, the Senator has been known to blast at the trade group...