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Bitcoin Claws Back Above $20K; Singapore Bank Head’s Speech Reflects Growing Crypto Hostility

Bitcoin Claws Back Above $20K; Singapore Bank Head’s Speech Reflects Growing Crypto Hostility

Ether was recently trading near $1,600, a roughly 3% gain over the past 24 hours after the second largest crypto in market value also rallied late. ETH been struggling to hold support above $1,500 for the past few days. Most other cryptos in the CoinDesk top 20 spent much of the day in the red. …

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MakerDAO approves $100 million stablecoin loan vault for 151-year-old US bank

MakerDAO approves $100 million stablecoin loan vault for 151-year-old US bank

MakerDAO has approved Huntingdon Valley Bank, a US-based regulated bank founded in 1871, to open a stablecoin vault. This vault will work as a system allowing the bank to borrow DAI tokens after depositing off-chain loans on its balance sheet as collateral. MakerDAO is the issuer of the Dai (DAI) stablecoin. The DAO vote …

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Jack Ma's Ant Group launches digital bank in Singapore

Jack Ma’s Ant Group launches digital bank in Singapore

advertisement Ant Group, the company behind China’s largest digital payment platform Alipay, has launched a neobank in Singapore.  Named Anext Bank, it will target small and medium enterprises (SMEs), it said in a statement today. It has also formed a partnership with trading platform Proxtera to provide financial solutions for SMEs looking to participate in overseas …

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Paraguay’s crypto industry regulation advances, despite pushback from central bank

Paraguay’s crypto industry regulation advances, despite pushback from central bank

Paraguay’s Chamber of Deputies approved the advancement of a crypto regulation bill to the Senate this week, despite pushback from the country’s central bank.  In a special session on May 25, deputies voted 40 to 12 in favor of moving the bill forward with modifications. The project will now return to Paraguay’s senate for further …

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Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: Report

Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: Report

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Central African bank regulator reminds member states of crypto ban, Reuters reports

Central African bank regulator reminds member states of crypto ban, Reuters reports

advertisement Central Africa’s regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuters said. The reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra’s native Luna asset resulted in …

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Argentina's central bank blocks financial institutions from offering crypto

Argentina’s central bank blocks financial institutions from offering crypto

advertisement Argentina’s central bank (BCRA) announced today that financial institutions cannot enable their clients to carry out operations using digital assets, just days after two banks said they had opened up crypto trading to their clients.  On May 2, the major private bank Banco Galicia and all-digital Brubank both announced they would offer crypto trading …

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