ICBC Recognizes Bitcoin's Advantages Over Gold, Labels Ethereum as 'Digital Oil'

World's first: Brazil's largest bank allows direct purchase of Bitcoin!

Brazil's largest bank, Itaú Unibanco, has announced that it will begin allowing the purchase of Bitcoin and other cryptocurrencies.

The Industrial and Commercial Bank of China comparing Bitcoin and Ethereum to gold might imply a softened stance towards cryptocurrency transactions in China.

Recently, the Industrial and Commercial Bank of China has shown favor towards Bitcoin and Ethereum, possibly hinting at China's stance on cryptocurrencies.

中国工商银行将比特币、以太坊与黄金进行相提比较，或许隐喻中国对于加密货币交易态度缓和？

近日中国工商银行对比特币、以太坊示好，或许暗含中国对于加密货币的态度立场。

European Central Bank Deems Bitcoin a "Speculative Asset," Prefers Digital Euro

The European Central Bank (ECB) remains cautious about Bitcoin, considering it a speculative asset lacking intrinsic value. ECB Executive Director Isabel Schnabel emphasized the risks and volatility associated with Bitcoin. The ECB's focus is on developing a digital euro, set to launch in 2026, aiming to provide a secure and efficient means for daily payments while maintaining privacy standards and regulatory control. Schnabel clarified that the digital euro would coexist with paper money and is not intended to replace it.

Bitcoin: European Central Bank Member's Stand

European Central Bank Member Isabel Schnabel's recent statement highlights Bitcoin's status as a speculative asset, not aligning with the ECB's foreign reserves criteria. Bitcoin's exclusion from the ECB's portfolio seems imminent, given its deviation from the bank's emphasis on liquidity, security, and returns. Final Verdict: While Schnabel's stance provides clarity, it signals a negative outlook for Bitcoin's integration into the European Central Bank's portfolio, emphasizing the challenges posed by its speculative nature and deviation from established criteria.

Hacker Attack on the World's Largest Bank, the Chinese ICBC: Ransom Paid Amid Disruption in the US Treasury Market

The world's largest bank, ICBC, pays a ransom amid a cyber attack, raising questions about financial system vulnerabilities and over-reliance on market leverage.

Central Banks can safely invest in Bitcoin with BlackRock’s Bitcoin Private Trust; says DCG Founder

Panamanian bank Towerbank is 'Bitcoin-friendly', will support crypto services

Panamanian bank Towerbank opened its doors to bitcoin and cryptocurrency clients through a series of tweets and memes.

WisdomTree Amends Bitcoin ETF Application, Appoints Bank of America as Custodian

Bank of America launched crypto custody for institutional investors in October as part of a partnership with New York-based Digital Investment Group.

Russian Government and Central Bank Agree to Treat Bitcoin as a Currency

Cryptocurrency transactions over 600,000 rubles (approximately $8,000) will have to be declared, otherwise they will be considered a crime.