3 / 14 Relevant items tagged with #Banks

Posts

Going Bankless: Bitcoin Offers The Ultimate Financial Freedom

[May 7 9:58 AM] It is often said that Bitcoin allows anyone to be their own bank. If you know anything about Bitcoin’s ethos and underlying tech, you’ve likely heard of this concept before. But do you know exactly how that works and why Bitcoin is more suitable as…

Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment

[May 3 12:34 PM] Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and…

Second Largest European Bank is Buying Bitcoin ETF: 13F SEC Fillings

[May 2 4:10 AM] BNP Paribas, the second largest European bank, has purchased exposure to Bitcoin via a spot ETF, per recent 13F filings with the SEC . The filings show BNP Paribas bought BlackRock's iShares Bitcoin Trust ETF (IBIT).JUST IN: Second largest…

Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton Bank

[Apr 27 8:36 AM] In the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The Federal Deposit Insurance Corporation (FDIC) has stepped…

Custodia Bank takes case to higher court after March setback

[Apr 26 1:13 PM] Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.

Riding The Ripple: XRP Stellar 1-Year Performance Leaves Banks In The Dust

[Apr 1 12:10 AM] XRP holders are facing mixed signals. While the digital asset boasts nearly 20% in gains over the past year, significantly outperforming traditional savings accounts, its recent performance pales in comparison to other cryptocurrencies. After a…

Speculation Intensifies Over US Banking Sector’s Fate as Fed’s BTFP Closure Looms

[Mar 10 1:00 AM] This weekend, many are intrigued by the potential outcomes following the cessation of the U.S. Federal Reserve’s Bank Term Funding Program (BTFP), launched amidst the significant banking collapses in March 2023. Some argue that the banking…

New York Community Bancorp Counters Moody’s Junk Status, Asserts Strong Deposits

[Feb 8 7:30 AM] Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s close, Moody’s Investors Service downgraded the bank’s credit rating to junk status. The bank’s…

US Banking Sector Volatility — Distressed Commercial Real Estate Sector Raises Default Concerns

[Feb 1 12:30 PM] Following the U.S. central bank’s decision to keep the federal funds rate unchanged, the turbulence in the commercial real estate market has sent shockwaves through the country’s banking sector and internationally as well. On Thursday…

New York Community Bancorp Grapples With 40% Share Drop Following Disappointing Earnings Report

[Jan 31 12:30 PM] New York Community Bancorp (NYCB) faced significant challenges on Wednesday, with its shares plummeting by over 40%, prompting a halt in trading. Currently, NYCB shares have experienced a decline of just above 36%, trading at $6.61 per share. Last…

Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT

[Jan 30 3:26 AM] The move may reflect users' unease about Binance's regulatory dispute in the U.S. which saw it landed with a $4.3 billion fine in November.

Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts

[Jan 4 5:19 AM] Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.

An In-Depth Look Into the 2023 Banking Crisis — 3 of the Largest Bank Failures in US History

[Dec 28, 2023 12:30 AM] The U.S. economy experienced an interesting year in 2023, marked by unprecedented upheaval within the American banking sector due to the combined collapse of three major banks, the largest the nation has historically seen. Amidst this chaos, crypto…

Wikipedia co-founder says Bitcoin doesn’t work, BTC community snaps back

[Dec 13, 2023 4:41 AM] BTC proponents argued to Jimmy Wales that banks may work, but they’re not available to everyone, and that storing BTC personally and storing fiat via banks are two different things.

Societe Generale-Backed Euro Stablecoin EURCV Starts Trading on Bitstamp

[Dec 6, 2023 6:15 AM] The listing marks the first time a euro stablecoin issued by a fully regulated bank is available on a cryptocurrency exchange.

Societe Generale issues its first green bond on Ethereum

[Dec 5, 2023 5:03 AM] The unsecured bond has a value of 10 million euros and a maturity of three years, with all the proceeds going for eligible green activities investments.

Brazil’s largest bank Itau Unibanco launches Bitcoin trading — Report

[Dec 4, 2023 6:12 AM] Brazilian bank Itau Unibanco has reportedly launched a cryptocurrency trading service for its clients as part of its investment platform.

Swiss crypto bank Seba rebrands to Amina amid global expansion

[Nov 30, 2023 6:00 PM] Seba’s new name, Amina, stems from “transamination,” meaning transference of one compound to another, symbolizing bringing different types of banking together.

Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

[Nov 29, 2023 7:17 AM] An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander.

JPMorgan, Apollo plan for enterprise mainnet, execs reveal

[Nov 28, 2023 4:52 AM] The enterprise mainnet provides the scalability to add applications to a network with a KYC-compliant set of institutional banks, broker-dealers and asset managers.

European regulator: CASPs should work on protocol interoperability, self-hosted wallets

[Nov 24, 2023 4:56 AM] The proposed new industry guidelines are intended to address issues around AML and CFT rules.

Raiffeisenlandesbank to launch Bitcoin trading in early 2024

[Nov 24, 2023 2:08 AM] Raiffeisen Bank’s RLB NÖ-Wien is preparing to introduce cryptocurrency trading services to its retail clients in early 2024.

Crypto Banking Firm BCB Group CEO Quits 5 Months After His Deputy

[Nov 22, 2023 6:59 AM] Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm.

Canadian regulator seeks feedback on crypto asset exposure disclosure requirements

[Nov 20, 2023 2:30 PM] The Canadian Office of the Superintendent of Financial Institutions is following a Basel model for its disclosure requirements.

Santander offers Bitcoin, ETH trading for Swiss account holders: Report

[Nov 20, 2023 5:36 AM] High-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH, according to a report claiming access to a leaked internal communication.

Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report

[Nov 14, 2023 3:09 AM] With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England.

Standard Chartered’s venture arm to set up crypto fund in UAE

[Nov 9, 2023 3:38 AM] SC Ventures will establish a “Digital Asset Joint Venture” investment company in partnership with a Japanese financial conglomerate, SBI Holdings.

Can Bank-Backed Exchanges Solve Crypto Trading’s Trust Problem?

[Nov 8, 2023 8:10 AM]

HSBC taps Ripple’s Metaco to launch security token custody

[Nov 8, 2023 4:38 AM] HSBC has partnered with Ripple-owned tech firm Metaco to allow institutional investors to hold tokenized securities on its new custody platform.

Caitlin Long’s Custodia Bank launches Bitcoin custody platform

[Nov 7, 2023 7:55 AM] Custodia Bank’s launch of Bitcoin custody follows a series of regulatory challenges the firm faced earlier this year.