Banks Financial News

17.10 / 17:44

MasterCard Banks credit cards Bitcoin Mastercard taps Paxos to launch crypto trading for banks

Mastercard officially announced on Oct. 17 a new program to enable financial institutions to bring crypto trading capabilities and services to their customers.

14.10 / 17:51

Banks Crypto Exchange Spanish Exchange Bit2Me Launches API for Crypto-Keen Banks

The Spanish crypto exchange player Bit2Me says that it has launched an API for banks and companies looking to get into the crypto space.

14.10 / 09:37

Ethereum Banks bonds Bitcoin MakerDAO revenue tumbles 86% on Ether and Wrapped BTC woes

MakerDAO, the governing body of the Maker Protocol has seen its revenue plummet in the third quarter of 2022, caused by a fall in loan demand and few liquidations, while expenses have remained high.

04.10 / 21:43

business Blockchain Banks committee Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets

According to a new study published by the Basel Committee on Banking Supervision, a supranational organization responsible for setting standards on bank capital, liquidity, and funding, 19 out of 182 global banks supervised by the committee reported ownership of digital assets. Combined, their total exposure to crypto is estimated to be €9.4 billion.

04.10 / 19:11

Ethereum Banks Bitcoin collapses If Credit Suisse collapses, will it bring more volatility to the crypto market? Watch The Market Report

On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the potential collapse of the Credit Suisse bank could bring more volatility in the crypto market.

03.10 / 11:05

Banks Credit Suisse Deutsche Bank Bitcoin week NOT BTC price still not at 'max pain' — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood.

02.10 / 13:15

markets Banks Credit Suisse Bitcoin Bitcoin price starts 'Uptober' down 0.7% amid hope for final $20K push

Bitcoin (BTC) failed to hold $20,000 into the September monthly close as one trader eyed a final comeback before fresh downside.

29.09 / 05:23

Adoption Payments Banks swift Cross-Chain SWIFT partners with Chainlink for cross-chain crypto transfer project

Interbank messaging system SWIFT has partnered with price oracle provider Chainlink (LINK) to work on a proof-of-concept (POC) project which would allow traditional finance firms the ability to transact across blockchain networks.

27.09 / 18:03

Adoption Asia Banks Bitcoin Vietnam’s crypto adoption: Factors driving growth in Southeast Asia

The Southeast Asian nation of Vietnam now ranks among the top nations adopting cryptocurrencies. Indeed, the country has ranked first on Chainalysis’ Global Crypto Adoption Index for two years in a row.

26.09 / 16:25

business Adoption security Banks Institutional crypto custody: How banks are housing digital assets

Until 2020, most of the crypto market action was largely driven by retail enthusiasm. It was only around August 2020 that institutions started to participate meaningfully in this asset class. As the United States Federal Reserve unleashed trillions of dollars of liquidity into the market during the COVID-19 pandemic, retail and institutional investors jumped onto the cryptocurrency bandwagon.

21.09 / 14:37

business Stablecoin Banks Bitcoin USDC stablecoin Digital bank FV Bank integrates USDC stablecoin for direct deposits

The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin (USDC).

16.09 / 19:49

business Liquidity MicroStrategy Banks Crypto Biz: The biggest problem with DeFi isn’t what you think

Cryptocurrency has converted another veteran of Wall Street after ex-Morgan Stanley executive Kevin Lepsoe launched a new platform for decentralized finance (DeFi). His new firm, Infinity Exchange, received a nice injection of seed funding in a bid to boost DeFi adoption among institutions. In his pledge to help build “DeFi 2.0,” Lepsoe described one of the biggest pain points of DeFi 1.0 — and it’s one you probably haven’t heard of. As it turns out, if you want institutions to adopt your products and services, you need to give them a product suite they’re familiar with. Until then, DeFi offers a value proposition that’s obscured by risk and inefficiency.

13.09 / 00:58

business Banks ABRA Abra announces plans for US bank supporting digital assets

Cryptocurrency trading platform Abra said it was “in the process of” establishing a United States-based state-chartered bank allowing clients to deposit digital assets.

06.09 / 16:43

Government Adoption Cybersecurity Banks CBDCs require governments to put a special focus on security

Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital payment apps and COVID-19 have only accelerated the decline in cash usage, fueling interest in digital currencies and demand for easier payment solutions.

02.09 / 06:01

business regulation Banks Bankruptcy Withdrawals Customers Celsius files to reopen withdrawals for a minority of customers

Beleaguered crypto lender Celsius Network has filed a motion with the United States Bankruptcy Court yesterday to allow customers with digital assets held in certain accounts to be withdrawn.

30.08 / 23:33

business lending Banks CeFi Buyback Amid crypto winter, Nexo commits additional $50M to buyback program

Crypto lending platform Nexo has increased the size of its buyback program, giving the company more discretionary ability to repurchase its native token to boost interest payments or make strategic investments in the future.

25.08 / 18:47

business Banks stake Siam Commercial Bank abandons plans to purchase $500M stake in crypto exchange Bitkub

Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub.

24.08 / 16:29

Banks banking Financial Services Bitcoin banking system Bitcoin and the banking system: Slammed doors and legacy flaws

Despite Bitcoin’s (BTC) promise of a peer-to-peer world, building a Bitcoin-first business in 2022 still requires third-party intermediaries. Whether it’s startup capital, using fiat money or simply exploiting fiat payment rails, Bitcoin business means interaction with the legacy financial system.

16.08 / 06:19

business regulation Banks remittances Premium Korean regulators investigate banks over $6.5B tied to Kimchi premium

South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency.

16.08 / 00:43

regulation Banks Federal Reserve guidelines Fed to issue long-awaited guidelines for granting master accounts to crypto banks

The United States Federal Reserve Board announced Monday that it had finalized its guidelines for the factors reserve banks are to consider when reviewing requests for Federal Reserve accounts and payment services. The guidelines create a three-tiered review framework with the level of due diligence to be provided, depending on the applicant’s risk level.

10.08 / 04:31

business Banks banking German crypto bank Nuri with 500K users files for insolvency

Nuri, a German start-up crypto bank with 500,000 customers filed for insolvency on Aug. 9, citing major crypto sell-offs, insolvency of Celsius and other crypto funds earlier this year as a reason for the move.

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