Global Banks Are Betting Big On XRP, Report Shows
Global banks have begun actively integrating crypto assets into their financial operations, and XRP has been one of their top preferences. This news signifies a shift in the skepticism surrounding cryptocurrencies, revealing how some of the world’s leading banks seek to leverage XRP’s fundamental strengths as a cross-border payments system. BCBS Highlights XRP Dominance In The Banking Sector The Basel Committee on Bank Supervision (BCBS) has recently published its first data collection template report on banks’ holdings of crypto assets. This report gives detailed insight into the....
Related News
In Monday's Global Financial Stability Report, the IMF warned of a coming liquidity crisis and ramp-up in market volatility. Digging deeper into the report, CCN uncovers IMF admissions of the banking sector's failure to manage risk, as well as, advice to banks to prepare for a public backlash due to perceived excesses. Part three of the IMF's Global Financial Stability Report entitled Risk Taking By Banks: The Role of Governance and Executive Pay has been an insightful read. In a nutshell, the report has the IMF rapping the global banking industry over the knuckles for excesses and a lack....
There is no shortage these days of what you can do with your cryptocurrency; you can buy, sell, spend, borrow, and much more. But one of the more exciting crypto application niches is betting. It is no secret that people love betting, given that it is a billion-dollar global industry. But what happens when betting is given an innovative crypto touch? The answer is Zikbo, a crypto betting and sports gaming platform. The company has made waves for its unique algorithm which allows users to play fixed bets, bet against each other, bet on events, and many more. We speak with Richard Brooks,....
More than half of the top 100 banks are major investors in Bitcoin, digital assets, and blockchain technology-based firms. World’s largest banks are reportedly growing rapidly in their involvement in the trending crypto and blockchain companies. They get involved through early and late-stage financing of businesses and projects within the industry. Blockdata Research Report Shows […]
The UK Financial Conduct Authority (FCA) has proposed stricter rules for Contract for Difference (CFD) products which include financial spread betting. While illegal in the US, spread betting is legal in the UK. Bitcoin spread betting is available through some of the country’s largest CFD operators, such as IG Group. What is Spread Betting? Spread....
New data shows a significant jump in the number of bettors moving to the blockchain over the last quarter. The BGA report shows that in Q3 alone, the number of Unique Active Wallets (UAW) connected to game dapps hit 754,000. This represents almost half of the overall gaming activity in the entire gaming sector. This […]