Tag: Banks
Chainlink Co-Founder Explains Banks Struggles With Blockchain
In a recent interview, Sergey Nazarov, co-founder of Chainlink, highlighted that banks, in contrast to startups, didn’t initiate their journey with blockchain technology,...
Hong Kong Tells Crypto Firms to Stop Calling Themselves Banks
The Hong Kong Monetary Authority has warned the public about crypto businesses that claim to be banks and use banking terms in marketing...
One of the Largest German Banks Will Start Holding Crypto
Deutsche Bank, boasting nearly one and a half trillion dollars in assets, has initiated custody services for its clients’ cryptos.
The 153-year-old banking behemoth...
Russian Politician Says CBDCs Will Eliminate Traditional Banks
Anatoly Aksakov, head of Russia’s parliamentary financial committee, recently threw a proverbial grenade into the financial world. He asserted that the rise of...
Wall Street Banks Downplay US Recession as Stock Markets Fall
US stock markets have taken a hit since Wall Street bankers and the central bank dismissed the specter of a recession. Furthermore, crypto...
US Banking Crisis Not Over Yet, Moody’s Downgrades US Banks
The banking crisis in America is far from over, as leading ratings agencies continue to flag big banks citing funding risks. Moody’s has...
US Fed Rolls Out Program to Manage Banks & Crypto Interactions
The United States Federal Reserve has launched the ‘Novel Activities Supervision Program.’ The new operation aims to manage the risks linked to Fed-supervised...
Central Banks Are Buying Gold Over Bitcoin as a Safe Haven Asset
Central banks around the world have been loading up on gold in an effort to stay ahead of inflation, according to recent research....
Decentralized Twitter Alternative Banks on Musk Aversion to AI
Decentralized Twitter alternative Mastodon gains 110,000 users as artificial intelligence bots scraping Twitter feeds rankle Elon Musk.
Web3 social media company Mastodon saw a...
EU Finalizes Capital Requirements for Banks Holding Crypto
The European Union (EU) has come to an agreement on new bank-capital legislation, including regulations for cryptoassets. Among the proposals are strict rules...
Hong Kong Regulators Urge Big Banks to Take on Crypto Clients
Hong Kong Monetary Authority (HKMA), the region’s banking watchdog, has reportedly urged major lenders to onboard crypto exchanges as clients. According to sources,...
New Zealand Banks Enforcing Tight Crypto Controls on Industry
New Zealand-based Easy Crypto recently accused major banks in the region of bullying as they administer tighter crypto control on transactions and bank...
Binance May Allow Traders to Hold Crypto Collateral in Banks
Binance is considering partnering with banks to reduce counterparty risks for institutional clients, according to a report. There are already some banks that...
Banking Crisis Persists, NYC Limits Deposits for These 2 Banks
The New York City Banking Commission has decided to limit deposits for two banks as the U.S. banking crisis deepens. Can Bitcoin ‘fix...