In a groundbreaking development within the blockchain domain, BBVA Switzerland has partnered with Metaco to expand its digital asset offerings. This move reflects a growing trend among major banks, including BBVA, to embrace digital asset solutions and technologies. The partnership will see the integration of Metaco’s Harmonize platform into BBVA’s infrastructure, enabling the bank to […]
The collapse of FTX and Binance’s recent $4.3 billion settlement with U.S. authorities have highlighted the need for robust regulation in the cryptocurrency market, according to Ivan Keller, a policy officer for the European Commission. Speaking at the MoneyLIVE conference in Amsterdam, Keller emphasized the importance of the European Union’s markets in crypto-assets (MiCA) legislation […]
BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial institutions to embrace digital asset solutions. BBVA Switzerland will utilize Metaco’s services through a Software-as-a-Service (SaaS) model, with the partnership further strengthened by Metaco’s alliance […]
Siemens Energy, a subsidiary of the German conglomerate Siemens, has secured a guarantee package of 15 billion euros from the German government and private banks. The package includes a 7.5 billion euro guarantee from the government and 12 billion euros in guarantees from private banks. The guarantees will help support Siemens Energy in its operations. […]
Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced its closure. The company stated that it took careful consideration in making this decision and acknowledges the inconvenience it may cause its customers. Starting from December 4, trading on the platform will cease. In a recent statement, Bittrex Global informed users that those holding US […]
Liechtenstein-based cryptocurrency exchange Bittrex Global has announced that it will suspend all operations by the 4th of December as it prepares to shut down following a bruising battle with the SEC. The closure comes after the exchange’s US arm, Bittrex, already shut down operations due to regulatory challenges in the country. Bittrex Global will begin […]
Tether, the stablecoin issuer, has deposited around $1 billion into the UK subsidiary of Britannia Financial Group, according to court documents cited by the Financial Times. This comes amidst an ongoing legal battle between Britannia and Arbitral International. Arbitral filed a lawsuit against Britannia, accusing the bank of failing to fulfill payment obligations for a […]
Tether’s bank partner, Britannia Financial, is facing a lawsuit over allegations of failing to pay the full price for revenue-generating assets related to a large deposit from Tether. The lawsuit, filed by Arbitral International, claims that Britannia did not fulfill its payment obligations regarding the acquisition of Arbitral Securities, a brokerage business based in the […]
Santander Private Banking International, a division of Banco Santander, is expanding its cryptocurrency trading and investment services to high-net-worth clients with Swiss accounts. The bank initially offers trading facilities for Bitcoin and Ether, with plans to introduce more digital assets in the future. This move sets Santander apart from other large banks that typically focus […]
Liechtenstein-based cryptocurrency exchange Bittrex Global has announced its plans to wind down operations, starting with the suspension of trading activity on December 4th. In a recent update on their website, Bittrex Global stated that all users with U.S. dollar holdings must convert their funds to euros or cryptocurrency before December 4th to avoid any issues […]
