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Today in Crypto: Sinapore's Banking Giant DBS Unveils Its Metaverse Concept, UK Explores 'Best Way' to Ban Cold Calling for All Financial Products Including Crypto, SBF's Layers Can 'Make Unlimited Advantage of Visitation Hours'

24.8.2023
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: Sinapore's Banking Giant DBS Unveils Its Metaverse Concept, UK Explores 'Best Way' to Ban Cold Calling...

S&P Downgrades 5 Regional US Banks Amid Challenging Banking Environment 

24.8.2023
On Monday, S&P Global Ratings slashed ratings for five U.S. regional banks, pointing to the strenuous operating atmosphere plaguing the sector since the year’s outset. The impacted banks include Associated Banc Corp., Comerica Inc., KeyCorp, UMB Financial Corp., and Valley National...

Scam Money Is Laundered via Crypto Exchanges — Australian Regulator

17.8.2023
A significant portion of scam money is getting laundered through cryptocurrency exchanges, the CEO of the Australian Banking Association has alleged. The Australian Financial Crimes Exchange said as much as 47% of all fraud and financial scam proceeds in the country are washed on crypto exchange...

FDIC's Annual Risk Report Embraces Crypto as a Significant Banking Concern

16.8.2023
Crypto assets present “novel and complex risks” to the banking sector that are “difficult to fully assess,” according to the Federal Deposit Insurance Corporation (FDIC)’s 2023 Risk Review for the banking sector. The report – published earlier this month – named “crypto-asset risk” among five...

Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023

15.8.2023
The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present “novel and complex risks” that are difficult...

WPAY: Revolutionizing P2P Payments Through Cryptographic Proof

14.8.2023
PRESS RELEASE. The global financial system has undergone multiple changes throughout its lifetime. First, with the introduction of the gold standard, then with advancements in banking communications, digitized international trade and investment, and remittances. All of these inventions have made...

Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

12.8.2023
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin...

Bitcoin Price Prediction: Navigating Moody's Rating Cut and Banking Crisis

11.8.2023
The BTC/USD pair is currently experiencing a decline of nearly 0.50%, trading at $29,597 as it braces for the impact of the upcoming US Consumer Price Index (CPI) release.  Amidst this market backdrop, Bitcoin continues to demonstrate its resilience despite challenges such as Moody's rating...

UBS Expects US Dollar Dominance to Persist for ‘Years to Come’

10.8.2023
Swiss investment banking giant UBS expects the U.S. dollar’s reign to live on. “We firmly believe we will be living in a U.S. dollar-centric world for years to come,” the bank’s executive said, adding that there will be some room for competitors. UBS on US Dollar’s Dominance...

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