Banking Financial News

02.11 / 10:19

Blockchain defi applications banking FinTech TradFi TradFi gets crypto boost: Renegade joins Cointelegraph Accelerator

As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfect embodiment of the current state of traditional finance.

01.11 / 10:21

Banks inflation banking shortlist ‘AI’ takes Collins dictionary word of the year, ‘debanking’ makes shortlist

Artificial intelligence, more specifically its abbreviation “AI,” was crowned word of the year for 2023 in the Collins dictionary, one of the world’s earliest English-language dictionary publishers.

30.10 / 17:53

Blockchain defi Web3 banking Fiat Money Time centralized exchanges Fed up with banks and centralized exchanges? It's time for a change

A cutting-edge crypto platform says it offers all the advantages of centralized exchanges in a noncustodial environment. Changex offers seamless on and off-ramps to fiat, effortless purchases via bank transfers and debit cards, and cross-chain swaps for speedy conversions between digital assets.

19.10 / 12:40

regulation Banks banking Digital Asset guidance Inspector General wants FDIC to refine crypto risk assessment process, guidance

The Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC), the independent United States government body that provides deposit insurance to commercial and savings banks, has published an evaluation report on the corporation’s crypto asset risk strategy. A redacted version of the report has been released to the public.

17.10 / 14:23

business Blockchain regulation Banks banking BIS committee Banks’ crypto exposure must be disclosed — BIS’ Basel Committee

The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for banks to disclose their crypto exposure.

17.10 / 10:43

Adoption Payments banking Bitcoin Debit Cards Low This new crypto debit card brings low fees and convenience to cryptocurrency payments

Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, the currently available crypto debit card solutions often require tedious transfers and incur high fees, making the process unfeasible for everyday users. Leading crypto exchange Bybit wants to change that, promising to make using cryptocurrencies more convenient and rewarding for users.

16.10 / 11:21

Adoption regulation Scams European Union Banks banking Customers Scammers prefer banking customers over crypto investors in Ireland: Report

Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market.

11.10 / 19:57

regulation banking Digital Asset Hata receives in-principle approval to be fifth Malaysian digital exchange

The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch its services in six to nine months.

10.10 / 15:07

Europe European Union banking BitStamp MICA Bitstamp Crypto Exchange Seeks Collaboration with European Banks to Boost Crypto Adoption

The world’s longest-running crypto exchange Bitstamp is in talks with three large European banks about offering crypto services.

06.10 / 15:06

regulation Banks banking Digital Asset BIS committee Basel Committee to consider disclosure requirements for banks’ crypto assets

The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March.

03.10 / 06:49

business regulation Banks Federal Reserve banking Silvergate Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to ineffective management, according to inspectors at the Federal Reserve.

19.09 / 08:43

regulation banking Financial Services FCA NatWest Coutts reports FCA probe finds no proof of de-banking politicians - reports

The FCA is due to reveal its findings today (19 September).

17.09 / 23:07

Blockchain regulation Central Bank banking Hong Kong central bank warns against crypto firms using banking terms

The Hong Kong Monetary Authority (HKMA) has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws.

17.09 / 11:07

Blockchain regulation Central Bank banking Hong Kong central bank warns against crypto firms using banking terms

The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws.

14.09 / 15:13

Legal banking Deutsche Bank Taurus Delio Today in Crypto: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio May Sue S.Korean Regulator, EY is Developing AI-Powered Platform

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

14.09 / 12:31

Blockchain Adoption Banks banking Deutsche Bank Bitcoin Taurus services Deutsche Bank taps Taurus for global crypto custody services

The German bank was one of a handful of company’s to invest in a $65 million, series B fundraising round for Taurus in Feb. 2023. The company offers enterprise-grade infrastructure to issue, manage custody and trade cryptocurrencies, tokenized assets, nonfungible tokens (NFTs) and other digital assets.

12.09 / 10:55

regulation goldman sachs banking Bank of America jp morgan Global reports capital rules JPMorgan's Dimon warns bank stocks will suffer under US capital rules - reports

JP Morgan Chase CEO Jamie Dimon

05.09 / 08:15

Adoption Federal Reserve banking Arthur Hayes Bitcoin BTC bull market began in March, more will realize in a year: Arthur Hayes

Bitcoin (BTC) has been on a bull run for the past six months or so and the market is yet to respond — but it will in around six to 12 months, according to BitMEX co-founder and former CEO Arthur Hayes.

03.09 / 10:33

Blockchain defi wallet Europe banking Web3’s Swiss Army knife of personal finance Changex joins Cointelegraph Accelerator

Decentralized finance (DeFi) gave birth to a wide range of financial services that aim to challenge what traditional finance (TradFi) offers. However, the user experience persists as a major issue hindering the widespread adoption of DeFi apps and solutions. For years, the DeFi ecosystem has been seeking an entry point that can onboard the next wave of users to decentralized apps.

31.08 / 07:57

UBS banking companies Results Credit Suisse Wealth Management UBS posts record bank profit following Credit Suisse acquisition

“Our analysis clearly shows that full integration is the best outcome for UBS, our stakeholders and the Swiss economy,” said UBS group CEO Sergio Ermotti.

30.08 / 01:41

business Asia Banks banking Seba Bank services SEBA Bank secures in-principle nod for crypto services in Hong Kong

The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets.

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