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Customers Bank to strengthen AML compliance after Fed scrutiny
8.8.2024
The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined
Customers Bank to strengthen AML compliance after Fed scrutiny
8.8.2024
The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined
Russia legalizes Bitcoin and cryptocurrency mining
8.8.2024
Russia explores other forms of international trade settlement following US sanctions blocking it from the SWIFT interbank messaging system
Russia legalizes Bitcoin and cryptocurrency mining
8.8.2024
Russia explores other forms of international trade settlement following US sanctions blocking it from the SWIFT interbank messaging system
Crypto-Friendly Customers Bank Sanctioned by Federal Reserve
8.8.2024
The U.S. Federal Reserve Board (Fed) has reprimanded Customers Bancorp, Inc. for severe risks concerning risk management and…
Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients
8.8.2024
Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients
El Salvador and IMF Advance Talks on Bitcoin Risk Mitigation and Economic Reforms
8.8.2024
The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t materialized for El Salvador, the IMF stated that both...
Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
7.8.2024
Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong
Group Urges Nigeria to End Naira Float, Reinstate Subsidies
7.8.2024
The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said the Nigerian government should not determine...
Hong Kong virtual bank Mox Bank launches crypto ETF trading
7.8.2024
The Standard Chartered subsidiary says it's the first bank of its kind to offer spot Bitcoin and Ether ETF trading to customers
Bitcoin's Impending 'Death Cross' May Trap Bears as Bank of Japan Eases Rate Concerns
7.8.2024
The ominous-sounding technical price pattern could again trap bears on the wrong side of the market as the Bank of Japan plays down chance of a near-term interest rate hike
Crypto Bank Anchorage Adds Custody for Solana-Based Tokens
6.8.2024
Anchorage began adding custody support for Solana-based tokens in 2022 and only added staking support last year
Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed
6.8.2024
Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The...
Xapo Bank Enters UK Market, Offers Interest-Bearing USD and Bitcoin Account
5.8.2024
Xapo Bank has entered the UK market, becoming the only licensed banking group to offer a combined interest-bearing USD and bitcoin account. “We’re proud to announce we have successfully passported our banking license into the UK. This means we are allowed to offer our banking services...
Xapo Bank debuts interest-bearing Bitcoin, fiat accounts in the UK
5.8.2024
Xapo Bank enters the UK market and becomes the first in the country to launch interest-bearing Bitcoin and fiat banking accounts
2 reasons Solana and other altcoins ETFs may struggle — Sygnum Bank
5.8.2024
Katalin Tischhauser, head of investment research at Signum Bank, has joined other commentators who suggested that spot Solana and Cardano ETFs are unlikely, though VanEck may disagree
Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report
3.8.2024
Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise...
Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims
3.8.2024
The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluation of the currency. Ahmed stated that the intention is to unify the official and parallel market exchange rates. Reports suggest that Ethiopia’s decision...
Gold Breaks $2,500 per Ounce, Reaching Historic Highs Powered by Fed’s Decision and Geopolitical Risks
2.8.2024
Gold prices reached historic highs on August 1, breaking the $2,500 mark on the New York Comex exchange. The precious metal reached a price of $2,502.6 for the first time in its history, influenced by the U.S. Federal Reserve’s decision to leave interest rates unchanged, geopolitical risks, and...
EU MiCA implementation is a “pivotal moment” for crypto regulations: compliance expert
2.8.2024
The European Central Bank recently joined forces with Crystal Intelligence, as its blockchain analytics partner for the upcoming MiCA implementation