Tag: banks
All news related to banks.
Basel Committee Greenlights Disclosure Framework for Banks’ Crypto Exposure
Reading Time: < 1 minuteThe Basel Committee on Banking Supervision announced yesterday that they have officially approved a final disclosure framework for banks to report their exposure to crypto assets.
JPMorgan Keeps Cautious Stance on Crypto Prospects
Reading Time: < 1 minuteJPMorgan analysts have a cautious outlook on cryptocurrencies in the near future.
HSBC Rolls Out Tokenized Gold Products for Retail Investors in Hong Kong
Reading Time: < 1 minuteHSBC has introduced tokenized gold products for its retail clients in the region.
Goldman Sachs Hedge Fund Clients Are Turning to Crypto
Reading Time: < 1 minuteAccording to reports, Goldman Sachs’ clients have begun re-entering the crypto market this year, motivated by the SEC’s approval of spot Bitcoin exchange-traded funds.
Goldman Sachs to Buy Claims on Liquidated Crypto Companies
Reading Time: < 1 minuteThe head of digital assets at Goldman Sachs has expressed interest in potentially investing in claims against failing cryptocurrency companies as well as exploring other options.
Crypto Bank SEBA Rebrands
Reading Time: < 1 minuteCryptocurrency bank SEBA, which is located in Switzerland, has undergone a rebranding and is now known as Amina Bank AG.
Standard Chartered Joins Digital Yuan Tests
Reading Time: < 1 minuteBritish bank Standard Chartered has announced its participation in the testing of China’s digital currency (CBDC).
JPMorgan Tests Tokenized Portfolios on Avalanche
Reading Time: < 1 minuteOnyx Digital Assets, a subsidiary of JPMorgan, along with other industry players such as WisdomTree, Apollo, Ava Labs, and several DLT technology providers, including Oasis Pro, Biconomy, LayerZero Labs, and […]
Coinbase CEO Criticizes British Bank Chase Decision to Suspend Crypto Transactions
Reading Time: < 1 minuteCoinbase CEO Brian Armstrong has expressed his thoughts on Chase Bank’s recent decision to cease cryptocurrency operations in the British market.
SWIFT’s CBDC Interoperability Pilot is Joined by Additional Central Banks
Reading Time: < 1 minuteSWIFT has connected the central banks of three countries to the second stage of its pilot testing for the compatibility of traditional systems with CBDC.
JPMorgan: The Cost of Mining 1 BTC is $18K
Reading Time: < 1 minuteJPMorgan experts have revised estimates regarding the cost of mining 1 BTC; previously estimated at $21,000, they have lowered it to $18,000.
Crypto Bank SEBA Granted Hong Kong Regulator’s Approval
Reading Time: < 1 minuteSEBA Bank, a Switzerland-based licensed cryptocurrency bank, has been granted in-principle approval by the SFC to carry out digital asset-related activities in Hong Kong.
Tether Will Process USD Transactions Through a Bahamas Bank
Reading Time: < 1 minuteThe company, registered in the Bahamas, Britannia Bank, is its new partner through whom dollar transactions will be done in response to heightened regulations by the US and European Union on the movement of digital currency.
Coinbase Might Cooperate with Largest Canadian Banks
Reading Time: < 1 minuteLucas Matheson, who is in charge of Coinbase’s business expansion, has recently confirmed that his team is engaging in negotiations with the largest banks in Canada.
Trustee Plus Rolls Out a Payment Crypto Card
Reading Time: < 1 minuteOn August 1, Trustee Plus, a Ukrainian cryptocurrency neobank, began offering payment cards through Mastercard, which allow users to pay for purchases with digital assets at retailers. This card is […]
Australian Bendigo Bank Restricts Transfers to Crypto Exchanges
Reading Time: < 1 minuteBendigo Bank, one of the largest banks in Australia, has announced it will be blocking “high-risk crypto payments” in order to protect customers against potential fraud.
Former Goldman Sachs Executive Joins Circle’s Board of Directors
Reading Time: < 1 minuteThe former Chief Risk Officer of Goldman Sachs, Craig Broderick, has been announced as having joined the board of directors of Circle Internet Financial.
Deutsche Bank Plans to Store Crypto Assets
Reading Time: < 1 minuteDeutsche Bank has recently submitted an application to BaFin for a license as a custody service provider for digital assets.
Former Greek Finance Minister: Banking Sector is “Fairly” Afraid of CBDCs
Reading Time: < 1 minuteEconomist and former Greek Finance Minister Janis Varoufakis has observed that banks in the US, such as JPMorgan, are fearful of the potential implications of central bank digital currency (CBDC) on their businesses.
Minneapolis Fed President Is Unsure About Benefits of National CBDC
Reading Time: < 1 minuteKashkari is doubtful about the project to create a national currency figure (CBDC), claiming that it is unlikely to contribute to the modernization of the state’s financial system.
FDIC Proposes Major Banks Pay Billions to Restore Failure Fund
Reading Time: < 1 minuteThe FDIC proposed that banks with more than $5 billion in assets pay a 0.125% “special assessment” fee on uninsured deposits.
Regional Bank Stocks Fall Led by PacWest and Western Alliance
Reading Time: < 1 minutePacWest and Western Alliance shares resumed their downward trajectory in premarket trading on Tuesday.
Bain Capital Plans to Attract $4B for New Fund
Reading Time: < 1 minuteBain Capital is attempting to raise $4 billion for a global “special situations fund” as it seeks out investments in a wide range of asset classes, according to two people with knowledge of the matter.
US Authorities May Close Another Bank Serving Crypto Companies
Reading Time: < 1 minuteCross River Bank is listed as one of the lending institutions that serve crypto companies, such as Coinbase and Circle, the issuer of USDC.
Cryptos Will Outperform Other Assets Amid Banking Crisis: Opinion
Reading Time: < 1 minuteRaoul Pal, a former top manager of Goldman Sachs and macro investor, has predicted that cryptocurrencies will outperform other asset classes.
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