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Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
2.10.2023
Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal
Binance Advises Paysafe Users to Convert Euro Balances to Tether
29.9.2023
Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank accounts after the payment processor suspended deposits...
Banking Giants Abuzz About Tokenization of Real-World Assets as DeFi Craves Collateral
28.9.2023
JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?
Binance still struggling to find banking partner in France: Report
27.9.2023
The local subsidiary of the world’s largest crypto exchange has suggested customers should convert all their fiat currency held on the exchange to crypto
Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan
26.9.2023
Binance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins
Chase U.K. to Block Crypto Payments Citing Fraud, Scams
26.9.2023
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets
Binance Collaborates With Banking Giants to Launch Stablecoins in Japan
26.9.2023
Binance has announced plans to launch stablecoins denominated in the dollar, euro, and yen in Japan.
The initiative, set to take place next year, is made possible through a partnership with the trust banking arm of Mitsubishi UFJ Financial Group (MUFG), Takeshi Chino, the general manager...
Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes
22.9.2023
Tether, the company behind the issuance of USDT, the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking institutions were “not addressing the needs of their...
Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress
21.9.2023
Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of Representatives
Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance
21.9.2023
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing that those crypto firms” are financial...
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
20.9.2023
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress
BCB Group’s Chief Banking Officer Ian Moore to Leave This Month
20.9.2023
His planned exit follows that of the deputy CEO Noah Sharp in June
The 3rd annual Banking Transformation Africa 2023 Summit
20.9.2023
Technological innovation triggers structural change in all areas of the global economy, and banking is no exception. Digital transformation is not just an option for banks but a necessity to remain competitive and meet customers’ evolving demands. Transforming the operations of banks to serve...
Senator Warren’s Crypto Money Laundering Bill Builds Momentum as More Sign On
18.9.2023
U.S. Sen. Elizabeth Warren (D-Mass.) has enlisted more support from key lawmakers in a growing coalition pushing for a law to crack down on money-laundering and sanctions abuses in crypto, with new sponsorship from the top Democrats on the Senate Homeland Security and Judiciary committees
Hong Kong central bank warns against crypto firms using banking terms
17.9.2023
The HKMA said that funds placed on unlicensed "crypto banks" are not protected by the region's deposit protection scheme
Hong Kong central bank warns against crypto firms using banking terms
17.9.2023
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme
Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction
15.9.2023
One of ANZ’s banking executives, Nigel Dobson said the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar
Most Important U.S. Senator for Crypto’s Future Tells Regulators to Use Existing Powers
14.9.2023
U.S. Sen. Sherrod Brown (D-Ohio), whose chairmanship of the Senate Banking Committee gives him power over crypto’s congressional destiny, issued a call to arms to regulators on Thursday, demanding that they use whatever authority they currently have over digital assets to improve market...
Today in Crypto: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio May Sue S.Korean Regulator, EY is Developing AI-Powered Platform
14.9.2023
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: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio...
SEC Chair: Crypto Is a Field Rife With Fraud, Abuse, Misconduct — ‘It’s Daunting’
14.9.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the Senate Banking Committee, stating that crypto is “a field which is rife with fraud, abuse, and misconduct.” He also stated that the securities regulator is still reviewing applications for spot bitcoin...