Banks Financial News

17.07 / 16:33

business Ripple XRP SEC Banks Court Ripple CLO says court ruling could encourage banks to adopt XRP: Report

Stu Alderoty, the chief legal officer for Ripple Labs, has reportedly said United States-based banks may turn to XRP for cross-border transactions following a recent court ruling.

17.07 / 09:13

Binance regulation Fraud Banks Bitcoin National National Australia Bank joins crypto exchange boycott, cites ‘scams’

Another major bank in Australia has said it will block certain cryptocurrency platforms, citing high levels of scam risk in the industry.

10.07 / 12:53

markets Banks Predictions Bitcoin Bitcoin Price shock Standard Bitcoin supply shock will send BTC price to $120K — Standard Chartered

Bitcoin (BTC) is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered.

06.07 / 12:39

business MasterCard Scams Fraud Banks Mastercard AI-powered tool to help banks fight fraud

Mastercard has launched a new artificial intelligence (AI)-power tool which is aimed at helping banks fight payment fraud and scams in real-time prior to any monetary exploits.

05.07 / 12:33

regulation Banks Bitcoin Holdings Denmark orders Saxo Bank to erase cryptocurrency holdings

Financial regulators in Denmark are coming after cryptocurrency service providers, declaring that local banks are not allowed to hold cryptocurrency to hedge against trading risks.

03.07 / 10:57

markets Banks Federal Reserve Central Bank Bank of America Crypto Ed Bitcoin Bitcoin Price week Miners send millions to exchanges — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the first week of July with a sigh of relief for traders as $30,000 support holds.

30.06 / 10:55

Banks Federal Reserve Recession U.S. Signature Bank Silicon Valley Bank Would the biggest U.S. banks survive a severe recession? Fed’s ‘stress tests’ say yes

The nation’s 23 largest banks passed the Federal Reserve‘s so-called stress tests this year, a sign that the nation’s banking system remains resilient despite the recent banking crisis that led to the failure of Silicon Valley Bank, Signature Bank and First Republic Bank.

30.06 / 08:43

business regulation Scams Banks Commonwealth Bank of Australia Crypto scams Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams.

30.06 / 05:43

business Banks Federal Reserve Central Bank banking Reserve Weekly Federal Reserve's banking bailouts reach a new weekly high of $103B

The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago.

29.06 / 10:05

regulation Banks AML Bitcoin Crypto debanking could drive industry underground: Australia Treasury

The growing trend of cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the state.

29.06 / 06:17

business Banks Federal Reserve Central Bank banking Major US banks get passing grade in ‘severe recession’ stress test

The American central bank has determined that all 23 of the country’s largest banks would be able to survive a severe recession following its “stress tests.”

26.06 / 21:05

regulation Fraud Banks FTX FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations

FTX has recovered about $7 billion in liquid assets so far, and the search for additional assets is continuing, CEO John Ray said in the FTX Debtors’ second interim report, released June 26. The extensive commingling of funds complicates their efforts, however.

26.06 / 11:39

ETF regulation HSBC Banks Bitcoin services HSBC rolls out cryptocurrency services in Hong Kong: Report

Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services.

23.06 / 15:59

business Investments Circle Banks Silicon Valley Circle and Sequoia were among top depositors at Silicon Valley Bank: Report

Stablecoin issuer Circle and venture capital firm Sequoia Capital were reportedly among the top 10 depositors at the collapsed crypto-friendly Silicon Valley Bank (SVB) in March.

23.06 / 14:25

business event Adoption Banks Seba Bank Rising institutional interest is a 'bullish' sign for crypto: SEBA Bank exec

As more institutions go from only showing their interest in the crypto space into actually investing in Web3 projects, getting into crypto turns into a question of “when” rather than a question of “if” according to an executive from institution-focused crypto firm SEBA Bank.

23.06 / 11:25

business Blockchain Payments Banks Euro JPM Coin JPMorgan bank deploys JPM Coin for euro-denominated payments

The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects, JPM Coin, into traditional banking.

22.06 / 05:25

Adoption Banks Financial Services Innovators TradFi Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto

Despite plenty of regulatory action in the United States and an ongoing crypto winter, former TradFi executives, now in crypto, said there’s no desire to return to their old banking lives

21.06 / 17:41

Government Law regulation Banks lawmakers US lawmakers US lawmakers propose bills to hold bank execs accountable for failures and address risks

Democrats with the United States House Financial Services Committee have introduced several bills in what they described as the “first wave” of legislation aimed at addressing failures at major banks.

20.06 / 13:01

Blockchain Adoption Banks Central Bank banking bonds European Investment Bank taps blockchain for Climate Awareness Bond

The European Investment Bank (EIB) has issued a blockchain-based digitial bond powered by environmentally-incentivized node infrastructure.

16.06 / 06:42

business Blockchain SEC Banks Federal Reserve investigation Bankruptcy Fed, SEC investigate Goldman Sachs over Silicon Valley Bank's securities portfolio: Report

Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank's securities portfolio prior to the bank's collapse, The Wall Street Journal has reported, citing sources familiar with the matter.

16.06 / 03:16

Adoption regulation Europe European Union Banks Central Bank Euro crypto law EU’s new crypto law: How MiCA can make Europe a digital asset hub

The European Union signed the Markets in Crypto-Assets (MiCA) regulations into law on May 31, making way for the landmark regulatory guidance on crypto assets and service providers to come into effect.

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