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FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves
24.2.2023
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a Minority-owned Depository Institution
Crypto Policy: Kenyan Senate Ready to Engage Central Bank
24.2.2023
The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset service providers. According to the committee, such...
Today in Crypto: US Fed Denies Custodia Bank’s Membership Request, Dapper Labs Lays Off 20% of Staff, Block Reports $1.66BN Profit for Q4, Binance Finds 500 ‘Incorrectly Classed’ Aussie Users
24.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________...
Read More: Today in Crypto: US Fed Denies Custodia Bank’s Membership Request, Dapper Labs Lays Off 20% of Staff, Block Reports $1.66BN...
Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience
24.2.2023
More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to help the central bank implement a system which gives it greater control of the digital currency....
Digital Euro Should Prioritize Online, Peer-to-Peer Payments, ECB Says
24.2.2023
Transfers in stores and to governments could take longer, but basic personal CBDC use should be free, the central bank said
US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy
24.2.2023
U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to financial privacy.” The bill also prohibits the Federal Reserve “from...
US Federal Reserve denies Custodia Bank's request for Fed supervision
24.2.2023
The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System
Crypto Bank Custodia's Bid for Fed Supervision Rejected Again
23.2.2023
The Federal Reserve Board announced Thursday it had again rejected crypto bank Custodia's bid for Fed supervision
Today in Crypto: Coinbase's New Blockchain Testnet, Spotify's Token-Enabled Playlists, 3AC's NFT Sale, Metaco's Partnership with DZ BANK AG
23.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Coinbase's New Blockchain Testnet, Spotify's Token-Enabled Playlists, 3AC's NFT Sale, Metaco's Partnership...
Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case
23.2.2023
Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former...
Sam Bankman-Fried Hit With Additional Bank Fraud Charges in New Indictment
23.2.2023
FTX founder Sam Bankman-Fried faces additional charges under a new indictment unveiled Thursday morning
DZ, Germany's Second-Largest Bank, Taps Metaco for Digital Asset Custody
23.2.2023
This is the fourth such partnership Metaco has made with major financial institutions in eight months
German DZ Bank adds digital currencies into asset management services
23.2.2023
German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services
BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning
22.2.2023
According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that...
Bitcoin must leverage $1T central bank liquidity to beat sellers — research
22.2.2023
BTC price action is all but guaranteed to benefit from extra central bank liquidity, but the journey higher is fraught with difficulty, says QCP Capital
Israel's Central Bank Proposes Rules for Stablecoins Including 100% Reserve Requirement
22.2.2023
The recommendations target consumer protection, risk management and prudential requirements, the Bank of Israel said
BIS head claims fiat won battle with crypto, Bitcoin community disagrees
22.2.2023
BIS General Manager Agustín Carstens reckons the war between fiat and crypto has been won by fiat. The community would tend to disagree
Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year
22.2.2023
The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and...
Caitlin Long Sees 'Coordinated Effort' Among Regulators for Custodia Rejection
21.2.2023
Custodia Bank’s CEO says crypto will find its way into the traditional banking system and regulators could be playing ‘whack-a-mole’ years down the road
Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis
21.2.2023
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application...