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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.

Custodia's Lawsuit Against The Fed Exposes The Fractional Reserve Banking Model

[Jul 11, 2023 3:26 PM] Custodia, an innovative bitcoin and cryptocurrency bank seeking to establish a charter in Wyoming, took a bold step by filing a groundbreaking lawsuit against the Federal Reserve on June 7, 2022. The legal action stemmed from the Fed's inexplicable…

Mastercard AI-powered tool to help banks fight fraud

[Jul 6, 2023 6:36 AM] Mastercard revealed a new AI-driven tool available to banks for collecting insights to predict scams and frauds involving real-time payments.

Denmark orders Saxo Bank to erase cryptocurrency holdings

[Jul 5, 2023 6:13 AM] DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said.

Miners send millions to exchanges — 5 things to know in Bitcoin this week

[Jul 3, 2023 2:20 AM] Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence.

Federal Reserve's banking bailouts reach a new weekly high of $103B

[Jun 29, 2023 10:40 PM] The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.

European Banks to Disclose Exposure to Crypto Assets

[Jun 29, 2023 3:00 PM] Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the…

Crypto debanking could drive industry underground: Australia Treasury

[Jun 29, 2023 3:08 AM] The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams.

Major US banks get passing grade in ‘severe recession’ stress test

[Jun 28, 2023 11:45 PM] America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year.

FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations

[Jun 26, 2023 2:32 PM] Tracing funds is highly challenging, according to the FTX Debtors’ second interim report, and there is no doubt that that was by design.

Hong Kong’s HSBC Allows Customers To Trade Bitcoin ETFs, Signaling A Shift In Traditional Banks' Stance

[Jun 26, 2023 11:21 AM] Hong Kong's leading financial institution, HSBC, has made a significant move by allowing its customers to trade Bitcoin exchange-traded funds (ETFs). This development marks a notable shift in the stance of traditional banks towards bitcoin, as HSBC…

HSBC rolls out cryptocurrency services in Hong Kong: Report

[Jun 26, 2023 5:10 AM] Three crypto ETFs listed on the Stock Exchange of Hong Kong are now reportedly available for trading at Hong Kong’s largest bank.

Uncertainty over digital assets traps institutions in 'supervisory void' — Fed Governor

[Jun 25, 2023 3:50 PM] Lack of clarity on digital assets could have significant consequences for banks navigating higher interest rates, according to Fed Governor Michelle Bowman.

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…

Circle and Sequoia were among top depositors at Silicon Valley Bank: Report

[Jun 23, 2023 9:45 AM] According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs, and China-based firm Kanzhun.

JPMorgan bank deploys JPM Coin for euro-denominated payments

[Jun 23, 2023 5:16 AM] Germany’s conglomerate Siemens AG was reportedly the first company to process euro-denominated payments using JPM Coin.

Binance.US solves USD withdrawal issues but warns it won't last long

[Jun 22, 2023 9:21 PM] “While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” said Binance.US.

US lawmakers propose bills to hold bank execs accountable for failures and address risks

[Jun 21, 2023 11:20 AM] Maxine Waters did not specifically mention crypto in the proposed legislation, drafted in response to the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank.

Caitlin Long On Bitcoin’s Banking Future: ‘Policymakers Are Going To Get What They Fear’

[Jun 18, 2023 6:00 AM] If you’ve been in Bitcoin longer than a few minutes,\ then you’ve heard the phrase “be your own bank.” This, of course, is referring to the fact that Bitcoin is a peer-to-peer network, controlled by its users, not a central banking system. However

Fed, SEC investigate Goldman Sachs over Silicon Valley Bank's securities portfolio: Report

[Jun 15, 2023 3:43 PM] Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank.

EU’s new crypto law: How MiCA can make Europe a digital asset hub

[Jun 14, 2023 7:16 AM] MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states.

Unfazed by SEC tumult, top banks work to make blockchains interoperable

[Jun 13, 2023 7:54 AM] Swift, the interbank payments network, has enlisted a dozen world-class institutions — and Chainlink — to fix blockchain’s interoperability deficit.

Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals

[Jun 11, 2023 7:30 PM] People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank…

US court rejects Fed's motion to dismiss Custodia Bank case

[Jun 9, 2023 10:14 AM] Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account.

Banks Have Come to the Metaverse

[Jun 8, 2023 7:09 AM] JPMorgan, HSBC and others have created metaverse-native banking experiences, hoping to entice a new generation of clients.

Tel Aviv Stock Exchange completes proof of concept to tokenize fiat and bonds

[Jun 7, 2023 11:17 AM] In its proof of concept, TASE minted the first ERC-1155 security token representing a dummy digital government bond.

JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks

[Jun 5, 2023 4:50 AM] JPMorgan applies blockchain to interbank U.S. dollar transactions in India amid growing signs of global de-dollarization.

CZ Binance on Buying Banks to Fight Crypto Regulation Woes, Russian Banker Says CNY Likely to Dethrone USD, and More — Week in Review

[Jun 4, 2023 6:00 AM] Changpeng Zhao, the CEO of Binance, doesn’t think buying a bank would solve the crypto industry’s troubles with traditional financial institutions, amid issues his own exchange currently faces in regions like Australia and Europe. In…