Tag: banks
All news related to banks.
‘JPMD’ Trademark Fuels Rumors of JPMorgan’s Stablecoin Launch
Reading Time: < 1 minuteA new trademark filing from JPMorgan Chase—”JPMD”—has sparked fresh speculation about the banking giant’s crypto ambitions.
Societe Generale Launches First Major Bank-Issued Dollar Stablecoin
Reading Time: < 1 minuteFrance’s Societe Generale announced plans to introduce a dollar-pegged stablecoin, becoming the first major bank to enter the dollar-backed crypto market.
JPMorgan Embraces Crypto ETFs, Will Accept Them as Loan Collateral
Reading Time: < 1 minuteIn a major step for institutional crypto adoption, JPMorgan Chase will soon permit clients to pledge Bitcoin ETFs as loan collateral.
Sber Pioneers Regulated Bitcoin-Linked Bonds in Russia
Reading Time: < 1 minuteIn a move blending traditional finance with digital assets, Sber—Russia’s largest bank—has rolled out a regulatory-compliant Bitcoin-linked bond.
Santander Explores Stablecoin Launch and Retail Crypto Services
Reading Time: < 1 minuteBanco Santander SA is reportedly considering the introduction of a stablecoin and expanded cryptocurrency services for retail customers.
Spanish Bank to Offer Crypto Services
Reading Time: < 1 minuteSpanish bank Cecabank and crypto exchange Bit2Me are set to offer a crypto service for banks, pending approval from the Spanish securities regulator.
Major US Banks Consider Joint Stablecoin Venture
Reading Time: < 1 minuteSeveral leading US banks are in early discussions about collaborating to issue a shared stablecoin, according to a Wall Street Journal report on Thursday.
JPMorgan to Offer Bitcoin to its Clients
Reading Time: < 1 minuteJPMorgan Chase has decided to allow clients to buy Bitcoin, although CEO Jamie Dimon remains wary of the cryptocurrency.
Eurpol Dismantles a Sophisticated Mafia-related Crypto Bank
Reading Time: < 1 minuteInternational authorities have dismantled a sophisticated fraud operation that stole over €3 million from more than 100 victims through a fake online investment scheme.
US Regulator Says Banks Are Allowed to Buy and Sell Customers’ Crypto
Reading Time: < 1 minuteNational banks can now expand into crypto trading and custody services without prior OCC approval, per Wednesday’s interpretive letter.
Fed Drops its Crypto Guidance for Banks
Reading Time: < 1 minuteThe Federal Reserve Board announced on Thursday that it is withdrawing guidance related to banks’ activities in crypto-assets and dollar tokens, along with revising its expectations for these activities.
Nubank Adds ADA, NEAR and ATOM to its Crypto Offerings
Reading Time: < 1 minuteNubank has expanded its crypto offerings by adding four altcoins: Cardano, Near Protocol, Cosmos, and Algorand, to its portfolio for 100 million clients in Brazil.
Xapo Bank Launches Bitcoin-Backed Loans
Reading Time: < 1 minuteXapo Bank, based in Gibraltar, has introduced Bitcoin-backed loans, allowing consumers to access USD funds without selling their assets.
Swiss State Bank Rolls Out ETH Staking
Reading Time: < 1 minutePostFinance, a bank owned by the Swiss government, is now allowing its 2.7 million customers to invest in Ether for a minimum of twelve weeks.
Italy’s Largest Bank Makes $1M Investment in BTC
Reading Time: < 1 minuteOn Monday, Intesa Sanpaolo, Italy’s largest bank, made its first proprietary trade in the world’s largest digital currency, buying 1 million euros worth of Bitcoin.
Czech National Bank Considering Bitcoin Investment
Reading Time: < 1 minuteThe Czech National Bank’s governor, Aleš Michl, has suggested that the country’s foreign exchange reserves could be diversified by investing in Bitcoin.
Morgan Stanley May Add Crypto Trading to E-Trade Platform
Reading Time: < 1 minuteMorgan Stanley is reportedly looking into offering crypto trading services through its E-Trade platform.
Crypto.com Partners with Deutsche Bank to Expand to Asian-Pacific Markets
Reading Time: < 1 minuteCrypto.com has joined forces with Deutsche Bank to provide corporate banking services in the Asian-Pacific region.
Hong Kong’s Largest Digital Bank Launches Retail Crypto Trading
Reading Time: < 1 minuteZA Bank has now expanded its services to include direct cryptocurrency trading for its retail users. It is the first bank in Asia to offer this service, according to the bank’s press release.
Goldman Sachs Announces Plans to Spin Off its Blockchain Trading Platform
Reading Time: < 1 minuteGoldman Sachs has announced plans to create a new company focused on blockchain networks and financial instrument trading, by spinning off its digital assets platform into an independent entity.
Norway’s Central Bank Supports MiCA
Reading Time: < 1 minuteNorges Bank has voiced its support for the Markets in Crypto-Assets Regulation (MiCA) proposed by the European Union.
Deutsche Bank Will Offer Foreign Exchange Services to a Crypto Market Maker
Reading Time: < 1 minuteDeutsche Bank and Keyrock, a market maker specializing in cryptocurrencies, have joined forces to offer multi-currency accounts and foreign exchange services.
BNY to Offer Custody Services for Crypto ETFs
Reading Time: < 1 minuteBNY Mellon (BNY) is making progress in offering custody services for its clients’ Bitcoin and Ether ETFs.
Australia’s Central Bank Starts Wholesale CBDC Program
Reading Time: < 1 minuteThe RBA has announced that it will be focusing on launching a wholesale CBDC rather than pursuing a retail CBDC in the near future.
Texas Fed Issues Cease and Desist Order Against a Crypto Bank
Reading Time: < 1 minuteAccording to the Federal Reserve, United Texas Bank, which has connections to the cryptocurrency industry, was found to have “significant deficiencies” related to its handling of crypto customers and risk management.
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