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DTCC and Chainlink Launch Pilot Program with US Banking Giants to Advance Tokenization in TradFi
17.5.2024
The Depository Trust and Clearing Corporation (DTCC) has partnered with blockchain oracle Chainlink to conclude a pilot program involving several major banking firms in the United States.
The post DTCC and Chainlink Launch Pilot Program with US Banking Giants to Advance Tokenization in TradFi...
Juno Addresses Banking Service Disruption — ‘This Is Outside Our Control’
17.5.2024
Juno Finance acknowledges the disruption in banking services and is collaborating with its brokerage and banking service providers, Synapse and Evolve Bank & Trust, to restore full service as soon as possible. Juno is a financial platform that integrates checking and savings accounts with...
US Senate passes resolution overturning SEC crypto rule on banks
16.5.2024
U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets
China Police Uncover $2B USDT Underground Banking Operation
16.5.2024
Chinese police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans.
The post China Police Uncover $2B USDT Underground Banking Operation appeared first on Cryptonews
Chinese police bust $1.9B USDT underground banking racket
16.5.2024
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations
Global Banking Authorities Extend Crypto Regulatory Framework Deadline
15.5.2024
The Group of Central Bank Governors and Heads of Supervision (GHOS) has reviewed the implementation of Basel III reforms and postponed the crypto asset standard implementation date to January 1, 2026. Basel III, finalized in 2017, continues to see widespread adoption, with two-thirds of member...
Tether’s USDT Implicated in $2B Illegal Foreign Exchange Scheme in China – Regulation Coming?
15.5.2024
On May 15, a few people suspected in an underground banking operation were arrested by Chinese police in Sichuan province. They have been charged in facilitating illegal foreign currency transactions involving around $2 billion worth of Tether's USDT.
The post Tether’s USDT Implicated in...
From Historic Banking Family to BTC — Rothschild-Linked Firm Invests in Bitcoin ETFs GBTC and IBIT
15.5.2024
According to a recent earnings filing, Edmond de Rothschild Holding S.A., a private banking and asset management entity linked with the distinguished Rothschild banking family from France, holds shares in Grayscale’s GBTC and Blackrock’s IBIT. Edmond de Rothschild Holding’s...
Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’
12.5.2024
In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing risks that could precipitate a “sharp correction” in markets...
SEC Stifling Innovation by Hindering Ethereum’s Potential in Banking: Joseph Lubin
9.5.2024
Joseph Lubin, co-founder of Ethereum, has launched scathing criticisms against the SEC, accusing the body of deliberately impeding innovation and obstructing Ethereum's transformative potential in the banking landscape.
The post SEC Stifling Innovation by Hindering Ethereum’s Potential...
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
9.5.2024
Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry
Macquarie Bank to Go Cashless as the Banking Sector Shifts to Digital-Only in Australia
9.5.2024
Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its office branches starting this month. The move comes as the bank goes cashless, and transitions to digital payments, stating these are “a safe, quick, and more...
House votes to nullify SEC’s anti-crypto banking guidance SAB 121
9.5.2024
The House of Representatives has voted to overturn controversial SEC guidance that has virtually blocked banks from custodying crypto assets
Mastercard joins forces with US banking titans for tokenized settlement trials
8.5.2024
The partnership between the significant banking giants in the US and Mastercard is aimed at streamlining multiple asset-class settlements on a shared ledger platform
Bitpanda Expands Partnership with Raiffeisen to 55 Additional Banks
8.5.2024
Now, customers of the Raiffeisen banks in Burgenland and Lower Austria will be able to invest in over 2,000 cryptocurrencies on Bitpanda.
The post Bitpanda Expands Partnership with Raiffeisen to 55 Additional Banks appeared first on Cryptonews
State-owned German Bank Set to Introduce Blockchain-Backed Digital Bonds
8.5.2024
On May 6, the state-owned German bank KfW declared that it would issue its first digital bonds based on blockchain technology. This action represents a significant advancement in Germany's traditional banking institutions' adoption of blockchain technology.
The post State-owned German Bank Set...
Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab
7.5.2024
Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers...
Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment
3.5.2024
Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due...
Stablecoin Legislation Must Respect the Dual-Banking System
29.4.2024
The Lummis-Gillibrand stablecoin bill subordinates state regulation to federal control, giving Washington too much power as to which entities can issue these important digital assets, say Jack Solowey and Jennifer J. Schulp at the Cato Institute
Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France
29.4.2024