Banks Financial News

13.06 / 20:50

markets regulation Banks Federal Reserve Bitcoin Bitcoin Price Support Why Bitcoin’s resistance to retesting the $25K support could be futile

Bitcoin has been trading in a narrow 3.4% range for the past three days after successfully defending the $25,500 support on June 10. In this time, investors’ attention has shifted to the macroeconomic area as the United States Federal Reserve will announce its interest rate decision on June 14.

13.06 / 13:57

Blockchain Adoption SEC Banks Unfazed by SEC tumult, top banks work to make blockchains interoperable

Amid all the tumult in the crypto world, some of the world’s largest banks have been quietly reflecting on ways to bring digital assets to institutional customers. And last week, a plan emerged.

09.06 / 16:33

business regulation Banks Federal Reserve banking US court US court rejects Fed's motion to dismiss Custodia Bank case

Custodia Bank won a step forward in its legal battle against the Federal Reserve, as a Wyoming federal judge denied dismissal motions from both the Fed and the Federal Reserve Bank of Kansas City.

09.06 / 13:31

Banks Silvergate Signature Bank Silicon Valley Bank As Traditional Banks Step Back, New Players Fill Gap in Crypto Banking

With traditional banks becoming more cautious about servicing the cryptocurrency industry, smaller regional banks and alternative payment service providers are stepping up to fill the gap.

08.06 / 06:03

business regulation Banks banking Australian Major Australian bank to decline ‘certain’ payments to crypto exchanges

Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers.

07.06 / 18:39

business Government Blockchain Adoption Banks stock exchange Tel Aviv Stock Exchange completes proof of concept to tokenize fiat and bonds

A new phase in the Tel Aviv Stock Exchange's integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token.

06.06 / 20:32

Law regulation Banks Congress Senate Warren’s alleged work with short-seller shows anti-crypto army heating up

What do progressive Democrats, Republican national security hawks and Wall Street traders have in common? They are all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who profited from the recent carnage at crypto banks, is the latest example.

06.06 / 18:00

business Blockchain Banks Dollar Indian JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks

Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance.

03.06 / 05:21

business Stablecoin Banks banking Backed MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

Megabank Mitsubishi UFJ Financial Group (MUFG) has announced that its stablecoin issuance platform “Progmat Coin” will soon be used by Japanese banks to launch Yen-pegged stablecoins on several public blockchains.

02.06 / 17:37

Stablecoin defi Tokens Banks Usd Coin Stablecoins are a critical countermeasure to Operation Chokepoint

Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States.

02.06 / 13:21

Adoption Europe European Union Banks Euro Bitcoin Europe’s right-wing political groups find cause in crypto

The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no exception.

01.06 / 02:11

business Banks banking Investment bank TD Cowen shuts crypto unit a year after opening

Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a clear reason why.

30.05 / 12:27

business Binance Banks banking Buying a bank won’t solve crypto’s debanking issue: Binance CEO

Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.

28.05 / 13:05

Adoption regulation security Banks Central Bank AML banking Institutions seek detailed blockchain analytics for crypto adoption — Elliptic

As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher.

18.05 / 11:33

business regulation Banks Wells Fargo settlement Wells Fargo to pay $1B in shareholders lawsuit settlement

Financial services firm Wells Fargo has reached a settlement in a class-action lawsuit, agreeing to pay shareholders $1 billion. The lawsuit alleged that the bank had misled its shareholders about its efforts to resolve the 2016 fake accounts scandal.

18.05 / 03:43

regulation Europe European Union Banks Opinion Central Bank There's a growing case for allowing crypto firms to bypass banks

Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in those two months. It was a painful reminder that banks bear significant risks that can quickly spill over to other industries.

16.05 / 07:51

business Government regulation us government Banks Signature Bank failed to understand risks associated with crypto: FDIC chair

Investigations around the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin J. Gruenberg, believes that the bank’s failure to understand the risks associated with cryptocurrencies expedited its fall.

12.05 / 11:39

business regulation SEC HSBC Banks SEC beyond crypto: HSBC and Scotia hit with fines over WhatsApp use

Amid the ongoing banking crisis in the United States, financial regulators continue scrutinizing major traditional finance companies like HSBC and Scotiabank.

12.05 / 01:51

business Banks banking Job Silvergate begins NYSE delisting process as it readies to cut 230 staff

The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE) and 230 staff will be let go, Silvergate Capital has disclosed.

11.05 / 21:57

Blockchain Adoption regulation Banks Federal Reserve AML identity Reserve Federal Reserve's FedNow will integrate with Metal Blockchain

The Federal Reserve’s forthcoming instant payment service FedNow will be integrated with Metal Blockchain, according to a May 11 announcement from the Metal Blockchain team. The announcement said that the integration will allow Metal users to instantly convert funds to stablecoin and back again using FedNow’s “send/receive” function.

10.05 / 21:47

Government Adoption economics Banks S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics

Rating provider S&P Global has examined the relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the details are complex, mainly due to “idiosyncratic events” such as the crypto winter , geography and the industry's short history.

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