1 / 13 Relevant items tagged with #Banks
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UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
[Sep 16 11:01 PM] Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
[Sep 16 5:30 AM] The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller…
FBI Warns of Growing $55 Billion Business Email Scam
[Sep 13 11:20 AM] The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently…
SEC ‘dug in’ on bank crypto custody rule as agency’s stance ‘unchanged’
[Sep 10 6:22 AM] SEC chief accountant Paul Munter said agency staff views on a divisive rule curtailing banks from offering crypto custody services “remain unchanged.”
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
[Sep 5 5:30 AM] Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need…
Major Swiss bank ZKB launches Bitcoin and Ether trading
[Sep 4 1:27 PM] Zurich Cantonal Bank will take on the function of securely storing the private keys for its customers, according to exec Alexandra Scriba.
Japanese Bitcoin investor Metaplanet works with Ripple’s partner SBI
[Sep 2 8:48 AM] SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation.
Banks face new risks from permissionless blockchains, BIS warns
[Aug 30 1:23 PM] To mitigate risks associated with public blockchain networks, the paper proposed appointing an entity with the authority to “control and limit access” to cryptocurrency assets.
Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts
[Aug 22 9:03 PM] The “hung” loans have led to bankers calling it the worst buyout since 2008.
Anchored Coins warns of potential issues for AEUR amid FlowBank collapse
[Aug 15 6:51 PM] The stablecoin issuer said there was a risk of a “respective loss for the holders of AEUR tokens” due to FlowBank’s bankruptcy in June.
Exclusive: Fireblocks granted New York charter for crypto custody
[Aug 14 7:00 PM] The charter allows Fireblocks to offer cold-storage custody to US clients.
Trump Jr. to launch DeFi platform, $510B sell-off wipes 2024 crypto gains: Finance Redefined
[Aug 9 7:03 PM] The crypto industry could gain significant mainstream attention following Trump’s eldest son’s plans to launch a bank-rivalling DeFi platform.
Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF
[Aug 9 4:35 PM] If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.
Franklin Templeton’s tokenized money fund launches on Arbitrum
[Aug 8 2:22 PM] It’s a stamp of approval for the layer 2 from United States regulators.
Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing
[Aug 5 7:24 PM] Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds.
Morgan Stanley wealth managers to embrace BlackRock, Fidelity Bitcoin ETFs: Report
[Aug 2 5:17 PM] Winning over the $3.75-trillion financial advisory firm is a historic milestone for crypto.
Can Bitcoin price break out after Bank of England interest rate cut?
[Aug 1 11:31 AM] This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020.
Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops
[Jul 31 5:30 AM] The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and…
Blackbird Labs launches Web3 platform for restaurant payments
[Jul 30 7:30 PM] Blackbird Pay is built on the company's new blockchain network, Blackbird Flynet.
Digital euro to be ‘most private electronic payment option’
[Jul 30 1:29 PM] Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool.
Exclusive: Franklin Templeton mulls bringing RWAs to Ethereum, user-managed wallets
[Jul 26 10:39 AM] The asset manager is considering expanding tokenized securities to the Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.
JPMorgan Chase launches AI tool for research analyst tasks
[Jul 26 1:06 AM] JPMorgan Chase has introduced LLM Suite, an AI-driven tool similar to ChatGPT, to boost productivity in its asset and wealth management division.
Sygnum's First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%
[Jul 24 4:01 PM] The surging trading volumes helped the bank reach profitability for the first time.
Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ
[Jul 23 9:54 AM] Revolut has been in talks with investment firm Greenoaks over the deal, which would pave the way for a potential IPO.
Stock market slump trickles into today’s Bitcoin and altcoin correction
[Jul 18 4:39 PM] What’s behind the correction in the US stock market and how might it continue to negatively impact cryptocurrencies?
DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80%
[Jul 12 9:20 PM] DBS, a leading financial services group in Asia, reports a significant increase in the trading value of digital payment tokens on its digital exchange for the first five months of this year. The surge reflects growing institutional interest in…
House fails to override Biden’s veto on nullifying SEC crypto rule
[Jul 11 9:58 AM] Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.
Former US solicitor general claims regulators want to ‘debank’ crypto
[Jul 5 3:03 PM] Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.
Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures
[Jul 3 10:19 AM] The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.