Coinatory

Intesa Sanpaolo Invests in Bitcoin: Italy's First Bank to Enter Crypto By acquiring Bitcoin, Banca Intesa Sanpaolo has made history as the first Italian bank to invest in cryptocurrencies. Wired Italia claims that the bank paid about €1 million ($1.02 million) for 11 Bitcoin. This milestone demonstrates how traditional financial institutions are increasingly utilizing digital assets. Leaked email screenshots from the anonymous website 4chan were the first source of the news. The transaction was corroborated by t... Coinatory

Swiss Bank ZKB Launches Crypto Services, Expanding Digital Asset Offerings Zurich Cantonal Bank (ZKB), Switzerland’s fourth-largest financial institution, has launched cryptocurrency trading and custody services, marking its strategic entry into the digital asset space. The bank now offers its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH), two of the most prominent cryptocurrencies. According to a press release issued on September 4, these services are integrated into ZKB's existing digital... crypto news today

The second largest commercial bank in South Korea, Shinhan Bank, has launched a project to introduce the blockchain into its internal processes in order to reduce the human factor leading to errors. The English edition of The Korea Times reported this on December 10. Over the past eighteen months, the bank has sought to integrate both the blockchain and cryptocurrencies and recently a special staff training program aimed at expanding knowledge of the blockchain for various applications has been completed. According to The Korea Times, on November 30, for the first time in South Korea, the bank introduced transactions on interest rate swaps using the blockchain. Now, operations such as maintaining financial statements of the bank ... Read more about " South Korean bank introduces blockchain to get rid of "human error" " on coinatory.com

Cryptocurrencies can help create a new type of business financing and circumvention of sanctions, experts believe the agency interviewed by Prime. Some of them indicated that to open these opportunities, it is necessary to change Russian legislation. On Thursday, during a direct line, Russian President Vladimir Putin said that Russia should carefully analyze and monitor the development of the cryptocurrency in terms of the ability to avoid restrictions in the sphere of international financial activity. The legal status of the ... Read more about " Cryptocurrencies will create a new type of business financing and circumvention of sanctions " on coinatory.com

June 4, Japanese financial giant SBI Holdings announced that its own crypto exchange started work after several months of downtime caused by security concerns. The service called VCTRADE is currently open only to users who pre-registered on the platform in October 2017. Representatives of the company said that, probably, it will be available to the general public in July this year. SBI also said that at the initial stage only Ripple (XRP) will be traded on VCTRADE, after which the exchange will gradually add support for Bitcoin and ... Read more about " First crypto exchange in Japan, launched by the bank " on coinatory.com

Tokyo-Mitsubishi UFJ, which is a subdivision of Mitsubishi UFJ Financial Group, is going to launch a pilot version of MUFG Coin virtual currency. If in 2019 the bank manages to realize this idea, it will become the first large financial organization in the world that created its own digital currency, CCN reports. Anyone who wants to participate in a trial version of the bank"s project must apply. Interested persons will need to install the application on a smartphone that makes yen exchange in units of MUFG Coin. Cryptocurrency can ... Read more about " The largest bank in Japan will create its own cryptocurrency " on coinatory.com