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US Banks and Mastercard Test Ledger Tech for Settling Tokenized Assets – Institutional Adoption on the Rise?
8.5.2024
The largest American banks are jointly experimenting with distributed ledgers to discover the potential of tokenized assets.
The post US Banks and Mastercard Test Ledger Tech for Settling Tokenized Assets – Institutional Adoption on the Rise? appeared first on Cryptonews
Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks
1.5.2023
Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal...
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
27.3.2023
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08...
Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto Access
23.3.2023
Since the collapse of three American banks friendly to cryptocurrency businesses and the U.S. government’s insistence that crypto assets are “risky investments,” many speculators believe bureaucrats are purposely closing access to cryptocurrencies. Some refer to the U.S. government’s recent...
Deposits in American banks are getting drained out
22.3.2023
Throughout the past year, it has become abundantly evident that American banks are seeing a dramatic decline in deposits. It has been calculated that there has been a drop of about half a trillion dollars, which is equivalent to a staggering 3%. This is having a significant impact on commercial...
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply
16.3.2023
The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications...
Fed to Keep Rates Near Zero, Treasury Purchases to Continue, Powell Expects ‘Transitory’ Inflation
29.4.2021
In a policy meeting on Wednesday, the U.S. Federal Reserve told the public that monetary easing will continue and the benchmark interest rate will be kept near zero. Just like previous statements from Federal Open Market Committee (FOMC) members, the committee within the central bank is...
2 American Banks Have Failed Since Coronavirus Started Spreading in the US
6.4.2020
Since the coronavirus started spreading in the U.S., two banks have failed and were shut down by state banking authorities. One was a bank in West Virginia and the other was in the state of Nebraska. The governor of West Virginia has already issued a stay-at-home order due to rising covid-19 cases....
Latin American Banks Intensify Closure of Crypto Exchange Accounts
9.1.2020
Source: iStock/Nelson_A_Ishikawa
Crypto exchanges in Latin America are increasingly becoming embroiled in bitter struggles with domestic banks, with many banks moving to block trade with trading platforms.
Bradesco, one of the biggest banks in Brazil, appears to have won its fight against...
60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments
13.8.2019
Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain