BNPP, Citi, HSBC, StanChart partner with Marketnode for bonds

Several big banks have announced today they are partnering with Marketnode for the Q4 of 2021. Citi, Barclays, BNP Paribas, BNY Mellon, HSBC, UOB, and Standard Chartered. Essentially, the banks are one the first adopters of the program. A Formidable Partnership Marketnode will co-create end-to-end DLT solutions and provide input for the development of the program. In addition, it will explore the expansion of the product beyond fixed income. DLT is a Distributed Ledger Technology digital system. This records the details of…

Top UK Bank Will Not Process Bitcoin Transfers from Exchanges

A recent report from The Times revealed that HSBC, one of the largest banks in the UK, was barring bitcoin holders from cashing out their gains. The report added that some of Britain's largest banking institutions refused to accept credit cards for crypto purchases.  This blatant anti-crypto stance from banks only adds to hassle for holders who wish to take advantage of bitcoin's record-breaking rally. One user commented that banks' failure to process digital asset payments would result in users…