Spanish banking giant BBVA is making its cryptocurrency trading and custody service available to private banking clients in Switzerland.

Spain’s BBVA said on Friday it was launching a Bitcoin trading service for private banking clients in Switzerland.

One of Spain’s largest banks, Banco Bilbao Vizcaya Argentaria (BBVA), with assets worth $856 billion, launched a service for trading and storing cryptocurrencies in Switzerland. According to a recent press release, the service will become available to BBVA’s private banking clients after six months of testing. Since the launch, users will be able to store and make transactions with BTC. …

Bitcoin trading has become a very popular activity even in high financial circles — the rapid growth of the crypto industry is attracting more and more traders and investors. Much of their interest has increased after the previous bull cycle of the crypto market, when Bitcoin futures were introduced on major trading platforms. Today, we will break down the key concepts of this derivative.

What are futures?

First, let’s define the general concept of the term. A futures is a derivative financial instrument. A derivative, in turn, is a financial contract between the parties to the transaction, which is based on changes in…

Chairman Gary Gensler told a U.S. Congress committee that his staff is developing ideas for new rules or guidelines for the crypto industry.

Despite coming from a crypto-related background, U.S Securities and Exchange Commission (SEC) Chairman Gary Gensler has said the burgeoning industry needs to be regulated.

The cryptocurrency industry carries various risks for investors and challenges for securities regulators, SEC head Gary Gensler told the U.S. Financial Services and General Government subcommittee. He cited market volatility and new crypto products as examples of those problems.

He said the total market capitalization of the cryptocurrency market was $1.6 trillion at…

The COVID-19 pandemic has been a real test for the worldwide healthcare system and economy, which has been severely damaged by quarantine measures in most countries. To help businesses and citizens, the US government approved an economic stimulus plan last year — the issuing of “free money”, essentially a reinforced printing of new dollars. Against this backdrop, the capitalization of the crypto market has skyrocketed, with many investors beginning to see it as an alternative to the traditional financial sector.

Even before the events of 2020, China began developing a central bank digital currency project (CBDC). It is a digital…

A survey conducted by cryptocurrency exchange Gemini shows an increasing number of Americans are engaging with cryptocurrency investing.

U.S. cryptocurrency exchange, Gemini, shared the result of a survey that stated that two-thirds of adults in the USA are planning to buy crypto or are keen on learning more about the market.

According to a survey conducted by cryptocurrency exchange Gemini, more than half of US citizens polled are interested in cryptocurrencies, willing to learn how they work and invest in them.

Gemini conducted a survey among 3000 Americans. 63% of respondents expressed interest in digital currencies. Gemini CEO Noah Perlman…

China is a world leader in developing a national digital currency. It is a project that has been worked on internally since 2014. The People’s Bank of China (PBOC) is spearheading work on the digital yuan, the so-called central bank digital currency (CBDC), which aims to replace some of the cash in circulation. Will CBDCs become a major trend in global finance this decade?

What is CBDC?

Over the years, interest in cryptocurrencies such as Bitcoin and Ethereum has multiplied. Cryptocurrencies have gained immense popularity because of their decentralised and unregulated nature, with some seeing their growth as a possible threat to the…

Russia plans to create more strict control policies against crypto related transactions and crypto to fiat conversion operations.

According to local news reports, a Russian financial monitoring service will be tracking Bitcoin-to-fiat transactions.

The Federal Financial Monitoring Service of the Russian Federation will introduce additional control over transactions made with money derived from the conversion of cryptocurrencies, said the deputy head of the agency, German Neglyad. Authorities will be able to obtain detailed information on the withdrawal of funds from Bitcoin to fiat currencies.

“Banks have already started to pay attention to cryptosphere-related exchange transactions. When they see that a…

Bitcoin forks have been around for a few years now. What were some important events in the history of these cryptocurrencies in the past year?

The most important events in the life of Bitcoin forks lately.

In the cryptocurrency world, forks have long been called all cryptocurrencies except Bitcoin. Their creators usually took Bitcoin’s source code and made not very significant changes to it. Later, in 2013–2014, cryptocurrencies with the original code base written from scratch began to appear. Therefore, new cryptocurrencies began to be more commonly referred to as altcoins. …