Banks Financial News
05.08 / 04:45
business
Banks
banking
Loans
Customers
Voyager received better buy-out offers than FTX’s, set to return $270M to customers
Beleaguered crypto lender Voyager Digital Holdings says it has received a number of “higher and better” buy-out offers than that offered by AlamedaFTX back in July, contrary to the investment firm's continued public statements.
04.08 / 16:33
business
Banks
Taxes
Portuguese banks shutting crypto accounts citing risk management concerns
Several large banks in Portugal have reportedly begun closing the accounts of cryptocurrency exchanges due to "risk management" concerns, suggesting a shift in Portugal's pro-crypto position. The country's central bank appears to have given the financial institutions the green light to take action.
02.08 / 14:11
business
Cardano
Banks
Swiss
Crypto Staking
Swiss Sygnum Bank expands crypto staking with Cardano
Cryptocurrency-friendly bank Sygnum Bank continues expanding its crypto services by launching support for Cardano (ADA) staking.
26.07 / 05:03
business
Blockchain
Banks
Moelis
Moelis & Co. co-founder to head group advising blockchain companies
New York-based investment banking giant Moelis & Co. has launched a Global Blockchain Group that will provide advisory services to blockchain and crypto firms.
23.07 / 01:17
business
Digital Currency
Banks
Africa
Board urges Bank of Central African States to introduce common digital currency: Report
The Bank of Central African States, or Banque des États de l'Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly at the urging of its board.
15.07 / 23:19
regulation
Banks
Federal Reserve
Future
NOT
56% of banks say DLT and crypto are 'not a priority' in near future — Fed survey
A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future.
13.07 / 11:45
Ethereum
Investments
Banks
proof-of-work
Drop
Ethereum price risks 'bear flag' breakdown, 20% drop against Bitcoin
Ethereum's native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator.
13.07 / 02:49
Adoption
regulation
Banks
US Treasury study finds CBDCs a plus for commercial bank stability
The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research.
11.07 / 16:07
business
Blockchain
FATF
Banks
ING
dutch
Dutch bank ING sells digital asset tool Pyctor to GMEX
ING Group, Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX.
27.06 / 00:33
markets
regulation
Banks
Bitcoin
Crypto conspiracy theories abound, but prop traders are just doing its job
Alameda Research is a cryptocurrency trading firm and liquidity provider founded by crypto billionaire Sam Bankman-Fried (SBF). Before founding his firm in 2017, SBF spent three years as a trader at the quantitative proprietary trading giant Jane Street Capital, which specializes in equity and bonds.
15.06 / 13:21
business
Tether
Banks
Tether aims to decrease commercial paper backing of USDT to zero
The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its U.S. dollar-based stablecoin Tether (USDT).
08.06 / 05:07
business
Banks
Court
Crypto bank Custodia sues the Fed over 19 month delay on account approval
Wyoming based digital asset bank Custodia is suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, claiming an “unlawful delay” in processing an application for its master account.
01.06 / 13:57
business
Stablecoin
Tether
Banks
Tether’s reported bank partner Capital Union shares its crypto strategy
Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.
01.06 / 04:17
business
Stablecoin
Banks
Speculation
Aussie banks ANZ and NAB won’t 'endorse' retail speculation on crypto
Executives at two of Australia’s “big four” banks have ruled out allowing retail customers to trade cryptocurrency on their platforms, with one reasoning that customers don’t understand “basic financial well-being.”
01.06 / 00:17
Adoption
Banks
Interest rates
Fed paper looks at potential effects of CBDC on monetary policy
On Tuesday, the United States Federal Reserve released a study on the possible effects of a retail central bank digital currency (CBDC) on U.S. monetary policy implementation. The study, dated April, was a staff working paper titled “Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis.”
31.05 / 22:27
regulation
Banks
Holdings
Crypto Holdings
committee
Basel Committee presses on with restrictive requirements for banks’ crypto holdings
The Basel Committee on Banking Supervision met Friday and discussed cryptocurrency, among other topics. The committee stated that it would soon publish its second consultative paper with the intention of finalizing guidelines on the prudential treatment of crypto exposure by banks by year-end.
31.05 / 13:19
business
Adoption
Banks
Bitcoin
services
Top 30 Panama Bank is 'Bitcoin friendly,' welcomes crypto services
Panama’s path to crypto adoption is stepping up a gear. Towerbank, a Panamanian financial institution with over 200 employees and 40 years of banking experience, has declared itself Bitcoin friendly (BTC), paving the way for crypto accounts.
25.05 / 22:17
Venture Capital
Banks
Value
Bitcoin
JPMorgan places BTC fair price at $38k, declares crypto a preferred alternative asset
JPMorgan has placed Bitcoin’s (BTC) fair price at $38,000, which is 28% higher than its current level of around $29,500, according to a note to clients the bank issued Wednesday. “The past month's crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets more generally," the note said. Bank strategist Nikolaos Panigirtzoglou was the lead author of that document.
17.05 / 08:51
business
Banks
Japan’s largest investment bank Nomura readies new crypto subsidiary
The largest investment bank in Japan, Nomura, is set to establish a new subsidiary company to help institutional clients invest in cryptocurrency and nonfungible tokens (NFTs).
06.05 / 08:23
Law
Banks
South America
Argentina’s central bank steps in to block new crypto offerings from banks
The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country's largest banks signaled they were opening up to digital assets.
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