BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
[Sep 5, 2023 4:01 AM] The Californian company will develop custody services and security solutions, local media reported.
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Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong
[Aug 30, 2023 9:30 PM] Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto…
Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says
[Aug 23, 2023 1:30 PM] The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As part of these efforts, the institution seeks to expand lending in local currencies…
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
[Aug 18, 2023 2:00 AM] The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both…
Silvergate CEO to depart amid ongoing liquidation and investor suits
[Aug 15, 2023 6:45 PM] Silvergate is losing its CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank.
Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight
[Aug 3, 2023 2:50 PM] Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when…
Myanmar Shadow Government to Start Neobank With Crypto Rails to Fund Fight Against Military Junta
[Jul 20, 2023 4:52 AM] The National Unity Government bank is set to run on Polygon and do currency swaps via Uniswap v3 pools and USDT stablecoins.
Another Big 4 Australian Bank Blocks Payments to ‘High-Risk’ Crypto Exchanges
[Jul 18, 2023 11:30 PM] National Australia Bank (NAB) has joined other major lenders in the country in blocking payments to some cryptocurrency exchanges. The banking institution said it’s introducing new customer protections regarding financial transactions with certain…
Banking Giants Crédit Agricole, Santander Seek to Provide Crypto Custody Under French Registration
[Jun 25, 2023 1:30 AM] A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a company that specializes in offering financial services to institutional investors, allows the two…
Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets
[Jun 10, 2023 4:30 AM] Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank…
Biggest Bank in Australia to Limit Transfers to Crypto Exchanges
[Jun 8, 2023 10:00 PM] Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit…
Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges
[Jun 8, 2023 6:30 AM] The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours.
Largest Russian Bank Sberbank Opens Developer Access to in-House Defi Platform
[Jun 2, 2023 1:30 PM] Sberbank, the largest bank in the Russian Federation, announced that it opened access to its in-house decentralized finance (defi) platform to allow developers to test its capabilities. Reports indicate that Sberbank’s Comunity, the…
Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao
[May 31, 2023 11:30 PM] Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with…
BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals
[May 28, 2023 4:00 PM] The development bank set up by the BRICS bloc is negotiating with Saudi Arabia on accepting the country as a member, according to a press report. The talks come as the bank, created as an alternative to similar institutions led by the West, seeks…
Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says
[May 26, 2023 6:00 PM] The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will…
Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits
[May 19, 2023 5:30 AM] Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been…
Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular
[May 18, 2023 11:25 AM] Pakistan's government has hardened its stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha saying they will “never be legalized in Pakistan.”
Bitcoin options: How to play it when BTC price moves up or down 10%
[May 8, 2023 6:10 AM] A perfect storm is forming for higher volatility. Learn how to profit from BTC price moves on either side.
Systemic Swiss Banks Not Ready for Crisis, Regulator Says
[Apr 28, 2023 6:00 AM] Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s
AI tool created by JPMorgan analyzes Fed speeches to signal trades
[Apr 27, 2023 10:25 PM] The investment bank uses OpenAI's ChatGPT to sniff out trading signals from Federal Reserve policy statements.
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
[Apr 22, 2023 3:00 AM] The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable…
Hong Kong's Central Bank Digital Currency Could be On Permissioned Blockchain: Source
[Apr 17, 2023 11:18 PM] At least one bank is leaning towards developing it on a permissioned blockchain.
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
[Apr 14, 2023 7:30 PM] ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is…
Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US
[Apr 13, 2023 9:00 PM] An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency…
Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services
[Apr 7, 2023 5:30 AM] Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital…
3 Strategies Crypto Firms Can Use to Land a New Banking Partner
[Mar 30, 2023 1:13 PM] After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships. Brett Philbin, Rachel Millard and Rosie Gillam of Edelman Smithfield offer advice.
Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report
[Mar 25, 2023 3:30 PM] Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under…
Shares of Deutsche Bank, Other Euro Lenders Tumble
[Mar 24, 2023 3:30 PM] Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and…
Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says
[Mar 20, 2023 5:30 AM] Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the…