Caitlin Long’s Custodia Bank Sues the Fed

Custodia, a Wyoming-based digital assets bank founded by Caitlin Long, is suing the Kansas City branch of the Federal Reserve Bank for unlawfully delaying the decision to grant it a...

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Crypto Bank Custodia Sues Federal Reserve

The bank founded by Morgan Stanley veteran Caitlin Long filed suit against the U.S. central bank for delaying a decision on its application for a master account.

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Best Cryptocurrency Wallets (Mobile, Desktop, Paper)

Right off the bat – this is a long guide and we made a quick rundown for those of who are in a hurry. Here are best bitcoin & cryptocurrency wallets you can use to safely store your coins: A “wallet” is basically the Bitcoin equivalent of a bank account and it allows you to […] The post Best Cryptocurrency Wallets (Mobile, Desktop, Paper) appeared first on CaptainAltcoin.

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Bitcoin Rises as Visa and MasterCard Shun Russia Amid Capital Controls and Long Bank Queues in Moscow

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Long Bitcoin Is 2nd Most Crowded Trade, Fund Managers’ Cash Exposure Reaches Highest Since May 2020: Bank of America Survey

Managers are piling into cash ahead of central bank policy meetings. While equity positions are slashed to their lowest since October 2020, they are still above the historical average. The post Long Bitcoin Is 2nd Most Crowded Trade, Fund Managers’ Cash Exposure Reaches Highest Since May 2020: Bank of America Survey first appeared on BitcoinExchangeGuide.

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Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub

CEO Arthit Nanthawittaya said the acquisition was based on the growth of businesses in the digital asset space over the last two years and the expected value in the long term.

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U.S. Mega Bank Sets Up Bitcoin Custody Service, With Other Cryptos To Follow

U. S. banks have been taking the plunge into crypto. The rising popularity of the crypto market has seen more demand from banks’ customers for more exposure and although banks are prohibited from directly maintaining self-custody of cryptocurrencies, they are turning to third-party solutions to gain exposure.

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This is Bank of England's plan to clamp down on banks' exposure to crypto-assets

It hasn't been long since the Basel Committee commented on crypto-regulations by laying down some amendments. As per the same, it assigned a 1,250% risk weight to Bitcoin - Imposing upon banks the oblThe post This is Bank of England's plan to clamp down on banks' exposure to crypto-assets appeared first on AMBCrypto.

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Avanti Bank CEO Caitlin Long Bites Back Against The New York Times’ Crypto “Alarm” Article

Caitlin Long, founder and CEO of Avanti Bank, has responded to a recent article by the New York Times that portraits crypto as the new “shadow bank.” The article, titled “Crypto’s Rapid Move Into Banking Elicits Alarm in Washington,” claims that digital assets and decentralized finance (DeFi) are “disrupting the banking industry” and are progressing […]

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“Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official

Dallas Federal Reserve Robert Kaplan said the US central bank could see it eventually issuing its own digital currency, calling it the “last mile” in the digitization of the payment system. “I would imagine in the years ahead — it's something the Fed is actively working on now — and I can see reasons why […] The post “Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official first appeared on BitcoinExchangeGuide.

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Why the Craze for Central Bank Digital Currencies is Alarming for the General Cryptocurrency Market

Over the years, central banks have been dropping hints about making their own digital currencies. The updates have come not long after independent digital currencies like Bitcoin and Ethereum were tagged threats by the governments of these countries; some of which include China and India, and more recently, the U.

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Bitcoin Does Its Own Thing As Fed Chair Assures Tapering ‘Still A Ways Off’ As Monetary Policy Supports Demand

Federal Reserve Chairman Jerome Powell told Congress Wednesday that “there is still a long way to go” before its goal of full employment and 2% inflation is achieved, suggesting the central bank may not start to reduce its bond purchases as of yet.

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Bank of America: Bitcoin Now 3rd Most Crowded Trade After Tech Stocks and ESG in New Fund Manager Survey

Bank of America’s latest global fund manager survey shows that “long bitcoin” is now the third most crowded trade. The most crowded trade is now “long tech stocks,” followed by “long ESG.

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ECB Gives Go Ahead to Digital Euro Project

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Bitcoin Cedes Ground to ESG and Tech Stocks on List of Most Crowded Trades: Bank of America Survey

A Bank of America survey shows "Long ESG" surpassing "Long Bitcoin" on the list of most crowded trades

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Gold Spikes Higher as Fed’s Minutes Report Looms, Central Bank Bullion Purchases Begin to Swell

After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend.

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Brian Armstrong Says China’s Digital Currency Is A Threat To U.S.

Brian Armstrong strongly argues that China’s Central Bank Digital Currency will pose a threat to the U. S. Armstrong sees the CBDC as a move that will disrupt the United States reserve currency in the long run.

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Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May

Armstrong said he had spoken about China’s central bank digital currency with lawmakers and heads of federal agencies, believing it to be "a threat to U.S. reserve currency status long term."

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Bank of America Survey: Most Fund Managers Say Bitcoin Is a Bubble, Inflation Is Transitory

The latest Bank of America’s Global Fund Manager Survey shows that “long bitcoin” is now the second most crowded trade. Moreover, most fund managers believe bitcoin is in a bubble and agree with the Fed that inflation is transitory.

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“Long Bitcoin” No Longer Most Crowded Trade, According to Bank of America Survey

Bitcoin has fallen by the wayside, with red-hot commodities topping this month’s BofA survey

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Sweden Riksbank Governor: Bitcoin Unlikely To Dodge Regulation For Long

Sweden's central bank governor Stefan Ingves stated that Bitcoin is unlikely to continue escaping regulatory oversight as it responds to Bitcoin's growing popularity.

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BoJ Governor Slams Bitcoin as ‘Speculative’ while Central Bank’s Assets Quadrupled to $6.5T Under his Aggressive Easing

Despite keeping both long and short-term rates low and stable, the Bank of Japan couldn't achieve its 2% inflation target, which it still won’t be able to, by the time Haruhiko Kuroda’s tenure ends in April 2023.

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‘Long Bitcoin’ chosen as most crowded trade in latest BofA survey

Bank of America noted that trades identified as "crowded" have historically been associated with incoming market tops.

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Wall Street veteran says these Tether risks are behind crypto market selloff

Caitlin Long, the founder of crypto bank Avanti Bank and a leading blockchain advocate, took to Twitter yesterday to explain the market sell-off, linking it to stablecoin issuer Tether. The post Wall Street veteran says these Tether risks are behind crypto market selloff appeared first on CryptoSlate.

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Sweden’s central bank concludes first phase of digital currency test

Sweden was one of the first nations worldwide to test the CBDC waters. In 2019, it announced a pilot platform for its e-krona, with the country coming a long way since. In fact, Sweden has now publishThe post Sweden’s central bank concludes first phase of digital currency test appeared first on AMBCrypto.

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Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’

It looks like 2017 called and wants its Bitcoin condemnation back, with a Bank of America analyst reheating some long standing criticisms of BTC for its clients.

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All-in-one TTM Bank Card: VISA Gives Green Light

We have all been familiar with the VISA payment system for a long time. It ensures the security of our credit and debit cards, allowing us to easily use them in our daily lives.

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‘Long Tech’ Retakes Most-Crowded Trade Crown from Bitcoin: Bank of America Survey

Bitcoin had been most-crowded trade in January as prices rose to a $40,000 record.

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Coinbase IPO a ‘watershed moment’ for crypto regulation: Caitlin Long

The CEO of pioneering digital bank Avanti Bank & Trust, Caitlin Long, has predicted the upcoming Coinbase IPO will force regulators to provide clarity to the crypto sector.

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BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack

Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital currencies.

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From a ban to CBDC: RBI considers its own crypto

The Reserve Bank of India (RBI) has gone quite a long way when it comes to cryptocurrency in the past twelve months. Originally, it banned local banks in India from providing services to crypto businesses, only to have its decision revoked by India’s Supreme Court.

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BoE Governor: cryptocurrencies of today are destined to fail long term

The U.K. central bank governor believes existing cryptocurrencies will fail over the longer term due to their robust privacy features.

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BofA Survey Shows “Long Bitcoin” Is the Most Crowded Trade

In a recent survey conducted by the Bank of America (BofA), “long bitcoin” toppled “long tech” as the most “crowded trade”. Asset Fund Managers Favor Bitcoin According to Reuters on Tuesday (Jan  19, 2021), the BofA’s fund manager survey (FMS) for January 2021 revealed that 36 percent of FMS investors surveyed ranked long bitcoin betRead More

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Bitcoin overtakes tech as most crowded trade in Bank of America survey

Bank of America's monthly survey revealed that the long position in Bitcoin is the most crowded trade as of January this year. This would be the first time that the leading asset has replaced ‘long The post Bitcoin overtakes tech as most crowded trade in Bank of America survey appeared first on AMBCrypto.

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Long Bitcoin, Short Dollar Trades “Most Crowded,” Says Bank of America Survey

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Длинная позиция на биткоин стала самым популярным видом сделки у инвесторов

Ставка на рост цены первой криптовалюты оказалась популярнее покупки акций технологических компаний. К такому выводу пришел Bank of America по итогам опроса управляющих активами в январе. #Bitcoin overtakes "Long tech" as most crowded trade in BofA fund manager survey.

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Long Bitcoin Replaces US Tech Stocks as the Most Crowded Trade in January: BofA Survey

The long position in Bitcoin has now overtaken “long tech” as the most crowded trade in January, as per the trade fund managers, revealed the Bank of America's monthly and manager survey on Tuesday.

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Покупка биткоина стала популярнее длинных позиций по технологическим акциям

Ставка на рост цены первой криптовалюты оказалась популярнее покупки акций технологических компаний. К такому выводу пришел Bank of America по итогам опроса управляющих активами в январе. #Bitcoin overtakes "Long tech" as most crowded trade in BofA fund manager survey.

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Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey

Bank of America's January survey of fund managers indicated bitcoin is now seeing the most capital inflow.

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Mike Novogratz defends Bitcoin after ECB chief calls it 'funny business'

Not long after the President of European Central Bank called Bitcoin a “highly speculative asset” and that it was used to conduct money laundering, Mike Novogratz took to Twitter to criticize the The post Mike Novogratz defends Bitcoin after ECB chief calls it 'funny business' appeared first on AMBCrypto.

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JPMorgan: Bitcoin could reach $146,000

Bitcoin is well-positioned to reach $146,000 in the long run, according to analysts at US bank JPMorgan Chase. This is possible due to the bitcoin's similarity to gold as an asset class.

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Investment Bank Buys Bitcoin, Says it is Now “Part of the System”

An investment bank with $3 billion in yearly revenue and some $50 billion in assets under management now holds bitcoin in its long only portfolio for pension funds. Christopher Wood,...

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Bitcoin Most Crowded Trade After Long Tech and Short US Dollar: Bank of America (BOA) Survey

Bitcoin’s over 170% YTD rally has everyone rushing in, which makes it one of the most crowded trades of December 2020, according to Bank of America (BOA). The investment banking giant revealed its latest survey findings, according to which about 15% of fund managers with $534 billion under management said Bitcoin is the third-most crowded […] The post Bitcoin Most Crowded Trade After Long Tech and Short US Dollar: Bank of America (BOA) Survey first appeared on BitcoinExchangeGuide.

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Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’

The highly anticipated Bank of America fund manager survey has been published, and this December fund managers who participated in the survey are sweeping up risk assets. The asset managers have dropped cash for the first time in close to seven years, as levels are down 4%.

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Fund Managers Long Bitcoin and Short Dollar, According to Bank of America Survey

BofA's December fund manager survey finds that going long on Bitcoin is the third most crowded trade

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CleanSpark Acquires ATL Data Centers; Now One of the US’ Largest Publicly-Traded BTC Producer

Everyone wants to take a bite of cryptocurrencies. Every day a new big-name announces their digital asset investment. Just this week, Southeast Asia’s biggest bank, DBS Group Holdings, announced its digital exchange and insurance behemoth MassMutual purchased $100 million in Bitcoin in the long line of mainstream herd jumping on the crypto bandwagon.

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JPMorgan: Bitcoin’s Rise Coming at Gold’s Expense; BTC Price Overshot, Bullion Due for Recovery

JPMorgan Chase says the rise of digital assets could make gold suffer. While money poured into Bitcoin in October, gold saw a record amount of outflows. According to the bank’s quantitative strategists, including Nikolaos Panigirtzoglou, this trend is only going to continue in the long run as more institutional investors take a position in the […] The post JPMorgan: Bitcoin’s Rise Coming at Gold’s Expense; BTC Price Overshot, Bullion Due for Recovery first appeared on BitcoinExchangeGuide.

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AAX to support 11 global currencies for deposit and withdrawal

Users will be able to purchase cryptocurrencies on AAX as long as they have a bank account. They can also cash out their crypto to their bank account.    To facilitate users’ access to cryptocThe post AAX to support 11 global currencies for deposit and withdrawal appeared first on AMBCrypto.

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Kyrgyzstan's central bank developing draft law for cryptocurrency industry

Solid crypto regulations would be a long time coming for Kyrgyzstan.

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