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IMF reiterates call for crypto regulation after the ecosystem's 'rough year'
11.4.2023
According to the IMF, regulations should include with “strict prudential requirements” for stablecoin issuers following the depegging of USD Coin and Dai
Shapella could bring institutional investors to Ethereum despite risks
11.4.2023
The latest fork on the “roadmap” shores up the network’s new validation mechanism while finally allowing stakers access to their ETH rewards
The future of enterprise blockchain is multi-chain
11.4.2023
Blockchain bridges are flourishing and are being used for much more than moving tokens
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
10.4.2023
Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like...
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
9.4.2023
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla...
Elon Musking, Paxful Closing, Banks Cryptoing, Fraudsters Scamming and 20 Crypto Jokes
8.4.2023
Read More: Elon Musking, Paxful Closing, Banks Cryptoing, Fraudsters Scamming and 20 Crypto Jokes
Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say
7.4.2023
Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes...
Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services
7.4.2023
Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum...
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...
Saxo Bank’s March 2023 Report Shatters Records: Best Month Since 2020!
6.4.2023
Saxo Bank has published its report for March 2023, revealing that it has been the best month since March 2020. Not just March 2020, but it turns out that the numbers have been good in comparison to the previous few months as well. Foreign exchange volume was on the lower side till February 2023....
Singapore Authorities to Set Best Practices for Crypto Client Vetting in Banks
6.4.2023
Singapore officials are collaborating with local banks to develop uniform standards for evaluating customers in the digital asset sector in the aftermath of significant global disruptions in the industry.
The Monetary Authority of Singapore and the police have been working with lenders in...
Singapore to introduce uniform screening standards for crypto bank accounts
6.4.2023
Potential guidelines reportedly won’t have a binding force over banks, who could rely on their own risk assessment
Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg
6.4.2023
Singapore's central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts
'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head
5.4.2023
The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement ‘Operation Choke Point 2.0’
Swiss state-owned bank Postfinance to offer Bitcoin trading
5.4.2023
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles
Stablecoin issuer Tether accessed US banking system using Signature: Report
4.4.2023
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform
European Traditional Finance Banks Join Forces for Blockchain-Based Digital Bonds Trading Platform
4.4.2023
Major European banks SEB and Crédit Agricole have launched so|bond, a new blockchain-based platform for issuing digital bonds in the traditional financial sector.
The new platform, said to be a “sustainable and open” blockchain, aims to improve efficiency and enable real-time data synchronization...
European banks launch 'sustainable' blockchain platform for digital bonds
4.4.2023
The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol
How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility
4.4.2023
The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run...
Digital Asset Tech Provider Metaco Secures Partnership With Liechtenstein Private Bank
4.4.2023
VP Banks follows Citibank, Societe Generale, DekaBank and DZ Bank in selecting Metaco to assist the development of their digital asset services