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Bitcoin’s record highs push big banks’ profits to billions — Report
13.11.2024
As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts
Donald Trump Announces World Liberty Financial Launch — ‘We’re Embracing the Future With Crypto’
13.9.2024
Former U.S. President Donald Trump has announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join a live event on X next Monday. “We’re embracing the future with...
Donald Trump Pushes New Crypto Platform to Challenge Big Banks and Financial Elites
23.8.2024
Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial inequality. The Trump Organization’s crypto initiative, which has garnered...
Big banks rush in to test ECB’s wholesale distributed ledger tech
24.6.2024
The new participants in the European Central Bank’s DLT tests include major financial institutions
EU DeFi regulations set to welcome big banks, challenge crypto natives
26.4.2024
New rules under the MiCA framework may encourage big banks to enter the DeFi space, potentially complicating compliance for native crypto projects
Maelstrom CIO Arthur Hayes Alerts Big Banks Will Eventually Cannibalize Tether’s Business Model
31.12.2023
Arthur Hayes, CIO of Maelstrom and former CEO of Bitmex, discussed the eventual demise of Tether and other stablecoin companies. Hayes explained that Tether’s business model, which consists of taking dollars and investing in treasuries, will eventually be cannibalized by big banks like...
Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments
6.7.2023
Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday suggests the system has potential
Robert Kiyosaki Says Regional Banks Are Being Wiped Out — Calls Fed ‘Criminal’
1.5.2023
Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed “is criminal,” he warned that its actions “will bring down” the United States. Robert Kiyosaki Says the Fed Is Criminal The author of Rich...
Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard
6.4.2023
On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should...
Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism
3.4.2023
Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren likened buying bitcoin...
Bank of America, JPMorgan, Wells Fargo Collaborate to Launch Digital Wallet: Report
25.1.2023
Seven major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, have reportedly teamed up to launch a digital wallet that will compete with other third-party wallet providers such as Paypal and Apple Pay. Big Banks to Launch a Digital Wallet Bank of America, JPMorgan Chase, Wells...
Putin Calls for International Settlements Based on Blockchain and Digital Currencies
27.11.2022
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s...
Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions
15.11.2022
A group of major banks have commenced a pilot project alongside the Federal Reserve Bank of New York to test the feasibility of using tokens representing digital dollars to improve how central bank money is settled between institutions
Singapore’s DBS Explains How Big Banks Can Implement DeFi, Too
2.11.2022
Singapore has quietly been playing host to some of the most advanced explorations into cryptocurrency and decentralized finance (DeFi) ever done by big banks, institutions and regulators
Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEO
14.11.2021
A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies. Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years...
Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Financial Products
26.8.2021
Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1. Tezos to Enable Smart Contracts for European Banks ...
Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’
26.6.2021
Just before the Financial Action Task Force (FATF) published the organization’s 12-month review, a working group called the Travel Rule Protocol (TRP) released its 2.0 version of the TRP crypto application programming interface (API) in order to “simplify the end-user crypto exchange...
Data Suggests Fed’s MBS Operations and Wall Street Investors Behind Inflated US Real Estate Market
22.5.2021
The Federal Reserve and America’s big banks have significantly inflated home prices across the U.S. according to a number of statistics. In many towns across the nation, home sales are facing bidding wars and certain regions are seeing property shortages. One report notes that homebuyers...
Société Générale Launches Blockchain-Based Structured Product
19.4.2021
French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into...
Report: JP Morgan Boss ‘Not Happy’ as Capital Positions Exemption for Big Banks Ends
23.3.2021
On March 19, 2021, the U.S. Federal Reserve Board published a press release that detailed the temporary supplementary leverage ratio easements will be expiring as scheduled. U.S. banks will no longer have the relaxed capital requirements they once held since the onset of the Covid-19 outbreak....