Banking Financial News

27.04 / 02:29

regulation Congress banking us house committee Financial US House Financial Committee Republicans look for records to show crypto debanking

Three Republican members of the United States House of Representatives Financial Services Committee have sent letters to the heads of U.S. banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The letters follow up on ones sent to the same addresses by the lawmakers earlier.

26.04 / 04:23

Banks banking Bank of America Bitcoin Bitcoin Price Bitcoin price jumps in the wake of First Republic Bank crash

The price of Bitcoin (BTC) spiked more than 3% in the last 24 hours as fears were sparked of another possible imminent bank failure as First Republic Bank (FRC) shares closed down more than 50% on April 25.

24.04 / 06:29

business regulation Banks Federal Reserve Central Bank banking US Treasury seeks to tighten nonbank rules following banking crisis

The United States Treasury and a number of top U.S. financial regulators suggested new rules to make it easier for the Federal Reserve to designate nonbank institutions as systemically important, making it easier to supervise and regulate them.

20.04 / 13:31

CBDC Adoption regulation Banks Central Bank banking foreign Foreign trade and pensions: What’s next for Russia’s CBDC project?

The pilot for Russia’s central bank digital currency (CBDC) pilot should have been launched on April 1, but it was delayed at practically the last moment due to the slow pace of the necessary associated legislation passing through parliament.

20.04 / 13:19

Blockchain Technology Adoption Digital Banks banking A brief history of digital banking

Digital banking, also known as online banking or e-banking, refers to the delivery of financial services through digital channels such as the internet, mobile devices and automated teller machines (ATMs). Digital banking has become increasingly popular in recent years, but its origins can be traced back several decades.

19.04 / 21:57

regulation Europe banking services Financial Crypto financial services provider Januar receives full Danish payments license

Danish startup Januar announced April 19 that it has received a Payment Institution License from the country’s Financial Supervisory Authority (DFSA). The license will allow Januar to conduct business in the 30 European Economic Area markets, whereas it only served Danish companies under its previous limited permission.

12.04 / 09:01

Investments Altcoin Fraud banking Bitcoin Brooklyn court charges former banker for allegedly defrauding crypto investors

The federal court in Brooklyn, New York, charged a former investment banker and registered broker for allegedly defrauding numerous investors by promising profits on fake cryptocurrency investments and misappropriating the funds received to finance his lifestyle.

11.04 / 13:13

Ethereum Adoption privacy Supply Chain Banks banking Shapella could bring institutional investors to Ethereum despite risks

Ethereum’s Shanghai/Capella upgrade — also known by the portmanteau Shapella — may not be the technical marvel of last year’s “Merge” or introduce turbocharged speeds to the network.

03.04 / 10:29

regulation Trading Europe banking Investment UK Crypto Companies Crypto Companies Make Complaints to UK Government Amid Banking Woes – What's Going On?

Access to banking has gotten so limited in the UK over the past few weeks that crypto companies had to complain directly to Prime Minister Rishi Sunak’s government.

31.03 / 20:21

markets Bitfinex Banks Federal Reserve Central Bank banking Bitcoin Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price?

Since May 2022, the Bitcoin (BTC) margin markets on the Bitfinex exchange have been plagued by an unusually high open interest of over $2.7 billion. This information alone should raise a red flag, especially in light of Bitcoin's price decline from $39,000 to less than $25,000 during the same period.

30.03 / 15:17

Blockchain Banks banking Future Challenger banks vs. crypto institutions: The battle for the future of finance

Over the years, the financial industry has undergone significant transformation as challenger banks and crypto institutions have emerged to challenge the traditional banking system (TradFi). According to data acquired by Finbold, downloads for selected six European mobile-only bank apps peaked at 26.3 million in 2022 for Android and iOS operating systems, representing year-over-year (YoY) growth of 54.09% from 2021’s figure of 17.06 million.

28.03 / 20:43

regulation Banks Federal Reserve banking hearing Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing

The United States Senate Banking Committee held a hearing March 28 on the regulatory response to recent bank failures. Officials from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve and Treasury testified. FDIC chair Martin Gruenberg spoke about the causes of the failures of Silicon Valley Bank (SVB) and Signature Bank, including the role of digital assets, and the agency’s responses to the crisis.

28.03 / 18:01

Adoption Europe European Union Banks Central Bank banking Euro digital euro European Banking Federation shares its vision of digital euro, wCBDC, bank tokens

The European Banking Federation (EBF) has released a paper detailing its vision for the digital money ecosystem of the future, and the retail digital euro in particular. The carefully worded paper expressed values and concerns about the digital euro from the perspective of commercial banks.

24.03 / 23:53

business banking Digital Asset Management Bitcoin German dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

Deutsche WertpapierService Bank (dwpbank), which offers securities processing to around 1,200 banks in Germany, is creating a new platform, wpNex, that will offer Bitcoin (BTC) to all of its affiliates’ retail customers in the second half of this year.

24.03 / 23:17

markets Ethereum CBDC Tether Banks banking Bitcoin analyst Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.

22.03 / 18:05

regulation Banks banking SVB Bitcoin Signature Bank week Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023

The first day of Paris Blockchain Week (PBW) is bringing more thoughts on the ongoing crisis in the global banking system, with industry executives comparing the collapses of major cryptocurrency firms like FTX with the fall of banks like Silicon Valley Bank (SVB).

22.03 / 15:47

markets Cardano Federal Reserve banking interest rate Bitcoin Price Cardano price Why is Cardano price up today?

Cardano (ADA) rallied to its best price level in a month as cryptocurrency investors prepared for the Federal Reserve's looming interest rate decision.

22.03 / 13:23

business banking Credit Suisse Bitcoin The impact of the Credit Suisse bank crisis on the crypto market

The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on day-to-day crypto activity.

22.03 / 05:57

business Adoption Investments cryptocurrency investment banking Bitcoin Bitcoin Price Bitcoin's banking crisis surge will 'attract more institutions': ARK's Cathie Wood

The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes.

21.03 / 19:59

business banking Pensions pension Swedish pension fund Alecta dumps First Republic Bank shares after price plummets

Private Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to stay afloat after a serious drop in share value, a bank spokesperson announced March 21. Alecta was the bank’s fifth-largest shareholder.

21.03 / 19:41

business banking Credit Suisse Bitcoin Why is Bitcoin rising amid collapsing banks? Watch The Market Report

This week on The Market Report, our beloved host, Joe Hall, and insightful expert, Sam Bourgi, unfortunately, could not make it, but don’t worry because Marcel Pechman is here to discuss why he thinks Bitcoin’s (BTC) price is rising amid collapsing banks.

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