Blockchain technology isn’t even close to being compatible with the power required to run high-quality video games, despite pushes by game studios to engage in the space. That’s according to Colleen Sullivan, co-head of ventures at hedge fund Brevan Howard Asset Management’s crypto-focused division. She noted how major public blockchains like Solana can only complete around 2,000 user-generated transactions per second — a far cry from what’s needed to get a popular mobile game running...

Julius Baer is expanding its crypto wealth management services in Dubai, marking the firm’s first major digital-assets push beyond the borders of its native Switzerland. The Swiss private bank’s Middle Eastern subsidiary JBME will apply imminently for “a digital assets license variation” on top of its existing permissions with the Dubai Financial Services Authority, it said in a statement, which would allow the company to arrange and provide advice and custodial services on digital assets...

A digital pound developed by the Bank of England could end up running on software that is not a blockchain, the distributed database technology underpinning cryptocurrencies and other digital coins issued by central banks. All options are on the table as the UK plugs ahead with research to figure out if a digital pound — which has been dubbed “Britcoin” — is worth building, according to Tom Mutton, who heads the Bank of England’s central bank digital currency (CBDC) project. At a recent...

Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US. In the US, crypto firms are turning to a handful of smaller regional lenders to open bank accounts. Customers Bancorp Inc., a Pennsylvania lender, has become a popular destination. Swiss and Asian banks are also playing a bigger role, though they still remain selective about their crypto clients. In...

Bitcoin Lingers Near $28,000; Binance is Hit With Trading Halt In this article: -8.53% Significant Event | 1d Deutsche Bank To Redeem Fixed To Fixed Reset Rate Subordinated Tier 2 Notes Due 2028 (Bloomberg) -- Bitcoin traded around the $28,000 mark with concern about financial stability fueling bets that major central banks will need to stop increasing rates amid rising recession anxiety. Most Read from Bloomberg Deutsche Bank Drops in Selloff Citi Describes as Irrational Russia Seeks 400,000...