Openbank announced that in addition to the cryptocurrencies Bitcoin, Ether, Litecoin, Polygon, and Cardano, it has added Solana and Polkadot to its investment portfolio in Spain.

The 100 % digital bank, part of the Santander Group, indicated that customers can now “buy, sell, and hold these products without needing to transfer money to another platform.” The option to schedule cryptocurrency purchases is also available; those interested can make recurring contributions “starting from €1 and without custody fees through the bank’s app or website.”

The bank assures its customers of the backing and security of the Santander Group, one of the world’s leading financial institutions, within the European regulatory framework.

“Currently, it offers an automated investment service called Robo Advisor, a catalog of over 4,000 stocks, 3,000 investment funds from more than 150 asset managers, and over 2,000 ETFs.” Furthermore, it offers its clients an AI-powered brokerage platform “that provides target prices for over 1,000 stocks in Europe and the United States.”

M.Pino

Source: intereconomia

(Reference image source: Mariia Shalabaieva on Unsplash)

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La entrada Openbank expands its cryptocurrency offering with the addition of Solana and Polkadot apareció primero en Bitfinance.

Customers of Spain’s largest bank, BBVA, will be able to trade cryptocurrencies through the mobile banking app, thanks to the fact that the bank already has the authorization of the regulatory body for this activity.

BBVA is ready to offer bitcoin and ether trading in Spain. Previously, the bank had integrated digital assets in Switzerland and Turkey as part of a trend in European banking “to be at the forefront of crypto.”

Financial giant Banco Bilbao Vizcaya Argentaria will operate “with a license under the MiCA framework, BBVA now plans to integrate cryptocurrencies into its banking services, allowing Spanish customers to buy, sell and manage bitcoin and ETH transactions securely through its app.”

The issuance of the license is the culmination of several years of efforts to enable “the lender to allow its Spanish clients to gain direct exposure to digital assets.”

M.Pino

Source: diariobitcoin

(Reference image source: André François McKenzie on Unsplash)

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La entrada BBVA Spain to offer bitcoin and ether trading apareció primero en Bitfinance.

In a move towards cryptocurrency adoption in Brazil, NuBank bank now offers withdrawal and deposit operations in Bitcoin, Solana and Ether.

The Brazilian giant follows in the footsteps of other banking institutions in the world in the crypto scene, such as JP Morgan, Goldman Sachs, Bank of America, Wells Fargo, BBVA, HSBC, Société Générale, Five Star Bank or SGKB.

Through a statement, Nubank reported that the new function “allows the more than 20 million users it has in Brazilian territory to send and receive BTC directly into their crypto accounts in NuBank, which are accessed from the NuBank interface application.”

The banking app, which already allowed Bitcoin trading, thanks to an agreement reached with Paxos in May 2022, has indicated that they hope to soon add more tokens to their offering.

The platform has reminded customers that transactions are subject to the current commissions in the country. In addition, they have recommended always verifying the address of the destination wallet in the operation to avoid loss of funds.

M.Pino

Source: iproup

(Reference image source: Vasilis Chatzopoulos in Unsplash)

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La entrada NuBank allows operations with Bitcoin, Ether and Solana in Brazil apareció primero en Bitfinance.

A strategic partnership between Bitpanda and German bank Landesbank Baden-Württemberg will allow the country’s largest federal entity to offer Bitcoin and Ether custody services.

The LBBW partnered with the Bitpanda exchange to launch the pilot this year, addressing an increase in demand for the services in this market. The bank will be able to offer “investment as a service to store and acquire cryptocurrencies to its institutional and corporate clients.”

In the announcement made this Monday through the social network X, which replicates the information from the German bank’s official statement, which clarifies that the pilot plan will begin in the second half of 2024. “It will initially include the storage and trading of Bitcoin and Ether, the two leading cryptocurrencies by market capitalization.”

Jürgen Harengel, COO of LBBW Corporate Bank, said: “The demand for digital assets from our corporate clients is increasing, and we are convinced that cryptoassets will establish themselves as a building block for other business models.”

For now, the bank is in the initial stages, taking care of the theoretical and regulatory bases that will allow the offer of the crypto custody service to its corporate clients. Other entities that have also received approval from the Federal Financial Supervisory Authority (BaFin) to operate in digital assets are Commerzbank and a division of Börse Stuttgart, Germany’s second-largest stock exchange.

M.Pino

Source: diariobitcoin

(Reference image source: Kanchanara in Unsplash)

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La entrada Germany’s largest federal bank enters the crypto ecosystem apareció primero en Bitfinance.

Swiss cantonal bank St. Galler Kantonalbank (SGKB) announced the launch of its bitcoin and ether trading and custody service in strategic partnership with SEBA Bank.

The SGKB is the fifth-largest cantonal bank in the European country. The entity indicated in a statement that it will offer this service to a group of select clients.

For its part, the strategic partner, SEBA Bank, is a “digital asset specialist regulated by the Swiss Financial Market Supervisory Authority (FINMA), for the new offer of cryptocurrency services.”

Although the announcement indicates that they will market and provide custody services for the two main digital currencies, bitcoin and ether, both companies hope to expand the offer with more cryptocurrencies, depending on the demand of their client portfolio.

In this regard, Falk Kohlmann, director of market services at SGKB, indicated: “Thanks to our cooperation with SEBA Bank, we have implemented a simple initial configuration, which allows us to learn and grow according to the needs of our clients.”

The growing customer demand in the Swiss banking sector has allowed this project to crystallize, to satisfy both institutional and retail users.

Other cantonal banks in Switzerland already offer cryptocurrency services. The Luzerner Kantonalbank, Lucerne’s dominant cantonal entity, launched its crypto service in August. Likewise, at the end of last October, “Sygnum, a regulated business-to-business cryptocurrency specialist, partnered with Zuger Kantonalbank for a similar mobile-based offering.”

Without a doubt, the cryptocurrency market in Switzerland is experiencing a positive opening that is likely to be maintained over time.

M.Pino

Source: diariobitcoin

(Reference image source: Henrique Ferreira, Unsplash)

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La entrada Swiss bank offers custody of bitcoin and ether apareció primero en Bitfinance.

In a landmark decision issued on September 13, Judge John Dorsey of the Delaware Bankruptcy Court gave the green light to the sale of FTX’s digital assets. The original order underwent significant changes the day before the hearing, marking a milestone in the company’s bankruptcy process.

According to the resolution, FTX is authorized to carry out the sale of its digital assets, except Bitcoin (BTC), Ether (ETH) and “certain tokens linked to insiders”, in weekly batches through an advisor of investments, following strict pre-established guidelines.

Initial limits for the first week will be $50 million, increasing to $100 million in subsequent weeks. If these limits are sought to be exceeded, written approval of both the creditors committee and the Ad Hoc Committee will be required, or court approval to reach a weekly limit of $200 million.

On the other hand, the sale of Bitcoin, Ether and tokens linked to insiders will require a separate decision from FTX, with ten days’ notice of its intention required to both the relevant committees and the US trustee, appointed by the Department of Justice.

This court decision marks an important step in FTX’s restructuring process, and its impact on the cryptocurrency world will be closely followed by the global financial community.

K. Tovar

Source: Cointelegraph

(Referential image source: Jonathan Borba, Unsplash)

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La entrada Delaware bankruptcy court approved FTX digital assets sale apareció primero en Bitfinance.

The PayPal digital payment platform announced that it will extend the use of its cryptocurrency services to European territory, specifically within Luxembourg.

This movement is considered by experts as a key point for the entry of this service by the payment processor into the European market.

PayPal launched its digital currency product for customers in the United States two years ago and hasn’t stopped since. Last year, the company expanded the service to the UK and more recently, in 2022, added features to allow users to withdraw their funds to external wallets.

According to an official statement from the company, this service is already available to a certain number of clients in Luxembourg, who will be able to carry out transactions with bitcoin, ether, litecoin, bitcoin cash, among others.

“Adding Luxembourg is an important step in PayPal’s mission to make digital currencies more accessible,” the company said in the statement.

K. Tovar

Source: Newsroom

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La entrada PayPal will bring cryptocurrency service to Europe apareció primero en Bitfinance.

The Tree Card company, in association with Ecosia and its network of tree planting companies, has designed an ecological debit card, made of wood, for transactions with cryptocurrencies such as ether, bitcoin, dash, tron ​​or dogecoin.

According to information provided by Tree Card and Tree Seven, they have decided to support the various environmentally friendly campaigns by designing a new wooden debit card. The new product joins the catalog that Tree Seven offers in this raw material, such as clothing, footwear, tools, among others.

The material used by Tree Card is derived from sustainable wood and recycled plastic. Tree Card’s new partner Ecosia is actually a network of “local tree planting organizations. Ecosia has planted millions of trees (with more than 500 native species) in biodiversity hotspots in dozens of countries around the world.” “.

Different techniques are applied to planting trees, and the company’s work ranges from Burkina Faso to Brazil, passing through all of Europe.

Tree Card customers now have a new tool to make payments and transactions with digital currencies positioned in the market, such as BTC, ETH, DOGE, BNB, dash, TRX, among others.

M.Pino

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Source: criptoides

La entrada Tree Card launches green debit card for crypto transactions apareció primero en Bitfinance.

The second largest financial entity in Israel, Bank Leumi, announced on Thursday March 24 the commercialization of cryptocurrencies through its Pepper Invest digital platform, in association with the Laxos purchase, sale and custody platform. Once approved by the regulatory authorities, it will become in the first Israeli bank to offer cryptocurrency trading services to its clients.

According to the information outlined, users will initially be able to acquire, maintain and sell cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) by making transactions starting at $15.49, which is equivalent to 50 shekels, and they estimate that in the future they will be able to trade other cryptocurrencies.

To offer this type of service, the regulatory authorities must approve the initiative, for which there is not yet a scheduled date, but according to the statement, the bank’s platform “will collect taxes in accordance with the guidelines of the Israel Tax Authority for that customers do not have to deal with the complexities of taxes.”

Clear and necessary legislation

Anat Guetta, head of the Israel Authority, recently expressed that the country needs clear legislation that would allow the country to attract investors to develop its crypto market.

It is important to note that the country is working on legislation that guarantees that cryptocurrencies are not used for illicit purposes. In this connection, in early March, the Israeli Defense Minister seized “30 cryptocurrency accounts related to terrorist groups.”

The Israeli authorities are quite strict with the management of the crypto market, to the point that Binance had to stop its operations in the country after the regulatory authorities made such a request.

M. Rodríguez

Source: diariobitcoin.com 

La entrada Bank Leumi announces the trading of cryptocurrencies in Israel apareció primero en Bitfinance.

Manyu Moravenov, CEO of the Bulgarian Stock Exchange, reported the launch of eight Exchange-traded notes (ETNs) based on bitcoin (BTC) and ether (ETH).

According to the information issued by the Bulgarian Stock Exchange, citizens will be able to invest in cryptocurrencies through the country’s stock market, hence investors interested in innovative and suitable crypto products will be able to trade freely with the eight cryptocurrency ETNs.

Moravenoy pointed out that “with the new products, the market responds to the growing interest in crypto instruments and is proud to be able to offer today an alternative asset for trading cryptocurrencies, facilitating and simplifying the process for all interested investors.”

Cryptocurrency-based NCDs

The market-negotiable note or ETN is a financial asset that replicates the value of a share, commodity or any other measure in an agreed period of time that will allow capitalists to invest money in cryptocurrencies without the need to “create and own crypto wallets and crypto keys, and at the same time, they will have access to crypto instruments that comply with current regulations.”

The trading of ETNs based on crypto assets will allow the Bulgarian Stock Exchange to establish an alliance with Deutsche Börse and the market maker Tradegate AG, guaranteeing liquidity to crypto instruments.

The ETN offer comes after Asen Vasilev, Bulgarian Finance Minister, stated that the country is looking for options to provide cryptocurrency payments and it is possible that a cryptocurrency payment mechanism will be introduced “in the short or medium term”.

M. Rodríguez

Source: crypto247.com

La entrada Bulgaria authorizes investment in cryptos on the stock market apareció primero en Bitfinance.