BCB Group’s Chief Banking Officer Ian Moore to Leave This Month
[Sep 20, 2023 9:30 AM] His planned exit follows that of the deputy CEO Noah Sharp in June.
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Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank
[Sep 19, 2023 7:09 AM] The Bitcoin Adoption Fund will have long-only exposure to Bitcoin and be available to institutional investors.
Second-largest Thai bank creates $100-million AI fund
[Sep 14, 2023 2:32 AM] The fund, named KXVC, will target AI, Web3, and Deep Tech startups with a focus on the Asia-Pacific region.
CBDCs will gradually displace private banks, says Russian lawmaker
[Sep 6, 2023 2:21 AM] Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August.
South Korean Hana Bank enters crypto custody business with BitGo
[Sep 5, 2023 2:55 AM] KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.
Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks
[Aug 30, 2023 4:00 AM] Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such…
Binance Mulls Leaving Russia, Limits Options for Russian Users
[Aug 29, 2023 10:30 PM] Crypto exchange Binance considers exiting Russia amid increased scrutiny over its services for users in the sanctioned nation. The news of the potential move comes after the exchange delisted several sanctioned Russian banks from its peer-to-peer…
Binance Removes Sanctioned Russian Banks From P2P Platform
[Aug 28, 2023 12:00 AM] Crypto exchange Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat…
Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan
[Aug 20, 2023 4:30 AM] Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will…
Federal Reserve issues enforcement action against FTX-linked US bank
[Aug 17, 2023 12:00 PM] Moonstone Bank, which renamed itself Farmington State Bank, received roughly $11.5 million from FTX’s sister firm, Alameda Research, through its holding company in 2022.
Colombia central bank recommends limiting CBDC holdings and spending
[Aug 17, 2023 7:28 AM] Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia.
FDIC Crypto Warning Underlines U.S. Banking Agencies' Arm’s-Length Policy
[Aug 15, 2023 10:34 AM] The U.S. Federal Deposit Insurance Corp. added crypto as one of five broad categories this year in its annual risk report, a snapshot of the dangers the banking regulator considers a top priority at the moment.
Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023
[Aug 15, 2023 10:30 AM] The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present…
Russia to Test Digital Ruble in 11 Cities, Moscow Subway
[Aug 12, 2023 1:30 AM] Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users…
US bank reveals $170M in crypto holdings: Q2 earnings report
[Aug 10, 2023 5:55 AM] Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto.
Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000, as Moody’s Downgrades 10 US Banks
[Aug 9, 2023 6:30 AM] Bitcoin moved above $30,000 late on Tuesday, as markets reacted to the news that rating agency Moody’s had downgraded several U.S. banks. The list includes State Street, Northern Trust, and Bank of New York Mellon. Ethereum was marginally…
Fed Starts New Program to Oversee Crypto Activity in U.S. Banks
[Aug 8, 2023 3:02 PM] The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities.
QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector
[Jul 31, 2023 1:30 PM] Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what’s to come. She anticipates further upheaval within the…
Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
[Jul 29, 2023 9:53 AM] Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control.
Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more
[Jul 28, 2023 12:00 PM] This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.
Russia to Launch Digital Ruble Transactions With Real Users in August
[Jul 27, 2023 5:30 AM] Banks taking part in the digital ruble pilot will begin testing transactions with actual clients in mid-August, according to a top executive of one of the financial institutions. The trials are set to start weeks after Russia adopted dedicated…
Canada proposes new capital rules for crypto holdings
[Jul 26, 2023 10:54 AM] The Office of the Superintendent of Financial Institutions is opening public consultations on two draft guidelines, updating its capital and liquidity approach to crypto assets.
Existential threat? Why some banks are anxious about CBDCs
[Jul 26, 2023 7:01 AM] The prospect of a retail CBDC has some major banks anxious over their revenue streams.
PacWest stock flash crash recovers after rescue merger with Banc of Cali
[Jul 26, 2023 12:23 AM] PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California.
Russian CBDC by 2025? What’s happening with the digital ruble
[Jul 19, 2023 7:01 AM] 2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.
Societe General’s subsidiary becomes the first fully licensed crypto provider in France
[Jul 19, 2023 5:51 AM] Forge will have a right not only to custody the digital assets but also to purchase and sell them for legal tender, as well as to trade against each other.
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…
Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals
[Jul 17, 2023 2:09 PM] The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Ripple CLO says court ruling could encourage banks to adopt XRP: Report
[Jul 17, 2023 9:51 AM] A July 13 court ruling in Ripple’s legal battle with the SEC suggested XRP may not necessarily be a security, a decision which has already made significant waves in the space.
National Australia Bank joins crypto exchange boycott, cites ‘scams’
[Jul 17, 2023 2:09 AM] National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams.