The banking giant said that family offices have started moving funds away from Gold to Bitcoin (BTC) over the last few months.

Even banking institutions have joined the race to offer high-quality and secure crypto custodial solutions to financial institutions willing to enter the crypto market.

All the G7 officials, finance ministers and central bank governors have unanimously agreed to step up measures for crypto regulations with the rapidly emerging crypto market.

At the ongoing Singapore FinTech Festival, banking institutions have unanimously agreed to having a collaborative effort between private and public financial institutions for the development of digital currencies.

With Bitcoin retake $19,000, the crypto market has gone wild. While the recovery of the global economy is stalled, the crypto market has seen large influxes of capital and investors. By the end of November, the total market capitalization of cryptocurrency has surpassed $500 billion.

While the price is not increasing at this time, it did manage to break the previous all-time high, after surpassing a price point of $19,895. Although some news outlets reported a previous ATH of $20,000, bitcoin has traded at this rate on very few exchanges, which is why the common consensus suggests that bitcoin has just reached a new record.

In a major development, S&P-DJI will start offering customized indexing and benchmarking solutions for cryptocurrencies in partnership crypto data management company Lukka.

The new partnership will allow global businesses to make payments in USDC stablecoin as well as spend it at 60 million merchants supports by Visa. The payments giant has also partnered with BlockFi to bring credit cards that offer cash back rewards in Bitcoin.

Top banking executives of Russia’s topmost commercial banks are discussing the possibilities around issuing Digital Ruble and a proposal to ban Ruble-backed stablecoins by private firms. Also, Russia’s largest state-owned Sberbank is working on a crypto trading platform and its own digital currency.

Ethereum developers kickstart the transition to Ethereum 2.0 and ETH holders deposit more than 867,000 ETH over the last month triggering the launch of Beacon Chain.

The global investment firm has filed a proposal with the U.S. SEC wherein it explains the opportunities and risks associated with its BTC investment.

WorldCoinIndex Derivatives Report 2020 Week 48. During this week of this year, the cryptocurrency market has once again shown us that negative price volatility can occur at any moment whatsoever, especially after considerable bull runs. With this in mind, most cryptocurrencies are currently in the red and bitcoin is no exception.

OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has announced a platform-wide discount and rewards program with the total rewards pool that could be estimated in millions of dollars over time.

The OECB director noted that they will be working in coordination with the European Commission for the crypto taxation rules.

David C is from California, and wisely started investing in Bitcoin in 2016 – in 2018 he decided to play at Bitcoin casinos with some of his savings, and the rest is history. Read our interview with him below.

Brian Armstrong explains that if the new regulations come in place, it will have widespread consequences on the country’s financial sector and could even risk America’s status as the financial hub for innovation.

As per the latest report, the Korean government is willing to give crypto exchanges an additional time to build an effective taxation infrastructure.

Ripple’s XRP tops the weekly charts surging over 100% over the last week. XRP is all set for higher move ahead after the latest breakout.

ETH price hits a new 2020-high surging over 30% over the last week and extending its year-to-date gains at 340%.

WorldCoinIndex Derivatives Report 2020 Week 47.