Thailand’s Oldest Bank Acquires Majority Stake in Country’s Largest Crypto Exchange
SCB paid $536.6 million for a 51% stake in Bitkub. Siam Commercial Bank (SCB) has acquired a 51% stake in Thai cryptocurrency exchange Bitkub. Thailand’s…
Tag: Bank
Citi Starts Coverage of Coinbase With $415 Price Target, Says ‘Buy Crypto’s General Store’
The bank’s Coinbase target is 27% higher than Monday’s closing price. Citi initiated coverage of Coinbase (NASDAQ: COIN) Tuesday with a buy rating and $415…
Proof of Keys Explained: Bitcoin’s First Planned ‘Bank Run’ Is Today
Do your bitcoins really exist? The answer might seem like an obvious “yes,” but the brewing “Proof of Keys” movement, launching today, argues the answer…
This Brazilian Bank Is Using Ethereum to Issue a Stablecoin
A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency. Revealed exclusively to CoinDesk, the…
BANK OF CENTRAL BANKS WANTS TO STOP CREATION OF CRYPTO
The rise of Bitcoin and the blockchain industry has been accompanied by criticism, just like any other emerging tech sector. Such criticism was heard during the dawn of the…
Binance Exchange Backs First-Ever Decentralized Bank in Malta
Binance, one of the biggest cryptocurrency exchanges in the world, is reportedly among a number of investors backing a decentralized bank to be launched in…