ICBC

World’s Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum ‘Digital Oil’

June 12, 2024 Bitcoin.com

Bitcoin

The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements. ICBC Sees Bitcoin as Digital Gold, Ethereum as […]

Trump to host first White House crypto summit on March 7

Biggest Bank in the World Says Ethereum Is ‘Digital Oil,’ Bitcoin ‘Digital Gold’: Report

June 11, 2024 The Daily Hodl

Bitcoin

The world’s biggest bank, the Industrial and Commercial Bank of China (ICBC), is reportedly calling Bitcoin (BTC) “digital gold” and Ethereum (ETH) “digital oil.” In a new report shared by Matthew Siegel, VanEck’s head of digital assets, the ICBC gives praise to the top two cryptocurrencies by market cap. The report also says that market […]

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Trump to host first White House crypto summit on March 7

US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit

February 21, 2024 The Daily Hodl

crypto

The US government is sanctioning the crypto wallets believed to belong to two Russian nationals linked to the ransomware group LockBit. In a statement, the Treasury Department’s Office of Foreign Assets Control (OFAC) says that it has sanctioned several Bitcoin (BTC) and Ethereum (ETH) wallets linked to the group. According to a press release, the […]

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Trump to host first White House crypto summit on March 7

World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information

January 23, 2024 The Daily Hodl

bank

The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant. The US agencies say the Industrial and Commercial Bank of China (ICBC) will pay a total of $32.4 million for failing to follow the Bank Secrecy Act and Anti-Money Laundering laws, neglecting to […]

The post World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information appeared first on The Daily Hodl.

Trump to host first White House crypto summit on March 7

Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals

June 18, 2021 Bitcoin.com

ABC

Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located in a popular shopping area. Banks Launch Support for Digital Yuan at ATMs […]

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