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FBI Warns of Growing $55 Billion Business Email Scam
13.9.2024
The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong...
Donald Trump Announces World Liberty Financial Launch — ‘We’re Embracing the Future With Crypto’
13.9.2024
Former U.S. President Donald Trump has announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join a live event on X next Monday. “We’re embracing the future with...
SEC ‘dug in’ on bank crypto custody rule as agency’s stance ‘unchanged’
10.9.2024
SEC chief accountant Paul Munter said agency staff views on a divisive rule curtailing banks from offering crypto custody services “remain unchanged.”
Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments
7.9.2024
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally...
Japan’s major banks back new stablecoin project for global trade
6.9.2024
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
5.9.2024
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets...
Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’
5.9.2024
Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains...
Siemens Issues $330M Digital Bond on Private Blockchain with Major German Banks Including Deutsche Bank
4.9.2024
The issuance was the company's first digital bond with fully automated settlement, building on last year's issuance on the Polygon network
Major Swiss bank ZKB launches Bitcoin and Ether trading
4.9.2024
Zurich Cantonal Bank will take on the function of securely storing the private keys for its customers, according to exec Alexandra Scriba.
Major Swiss bank ZKB launches Bitcoin and Ether trading
4.9.2024
Zurich Cantonal Bank will take on the function of securely storing the private keys for its customers, according to exec Alexandra Scriba.
Report: Central Bank Gold Demand Surges in July Amid Rising Prices
3.9.2024
Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven...
Japanese Bitcoin investor Metaplanet works with Ripple’s partner SBI
2.9.2024
SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation
Central banks buying gold at record levels, but Bitcoin still outperforms
2.9.2024
Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.
Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
1.9.2024
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating...
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
1.9.2024
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that...
Banks face new risks from permissionless blockchains, BIS warns
30.8.2024
To mitigate risks associated with public blockchain networks, the paper proposed appointing an entity with the authority to "control and limit access" to cryptocurrency assets
Banks Using Permissionless Blockchains for Transactions Face Multiple Risks: BIS
29.8.2024
Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision said
Crypto Is Now a Non-negotiable for Traditional Banks
28.8.2024
Simple “engagement” isn’t enough. Banks need to start experimenting with tokenization and blockchain-powered settlement, or risk getting left behind, says Sygnum Bank’s Lucas Schweiger
Donald Trump Pushes New Crypto Platform to Challenge Big Banks and Financial Elites
23.8.2024
Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial inequality. The Trump Organization’s crypto initiative, which has garnered...
Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts
22.8.2024
The “hung” loans have led to bankers calling it the worst buyout since 2008