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Silvergate hit with another class action suit, this time for securities law violations
11.1.2023
According to allegations, the company and its executives knowingly misled investors with positive statements despite accusations involving money laundering and tanking share prices
Metropolitan Commercial Bank Closes Crypto Vertical, Emphasises it Has No Liabilities
10.1.2023
US Metropolitan Bank Holding Corp., the parent company of the New York-based, $6.4 billion-asset-heavy Metropolitan Commercial Bank (MCB), said it would "fully exit the crypto-asset related vertical."
Mark R. DeFazio, President and CEO of MCB, stated that this announcement "represents...
New York-based bank exits crypto after tumultuous year
9.1.2023
The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank, says it’s completely exiting its crypto-asset-related vertical
German regulator warns of new banking and crypto malware ‘Godfather’
9.1.2023
The “Godfather” malware is also known to target 110 cryptocurrency exchange platforms and 94 cryptocurrency wallet apps
Marathon Digital experiments with overclocking to increase competitive advantage
6.1.2023
According to the company, it produced 475 BTC in December 2022, bringing its total mined Bitcoins in the fiscal year of 2022 to 4,144 BTC
Is Crypto About to be Locked Out of the US Banking as Regulators Seeks to Forestall Contagion?
6.1.2023
For the first time ever, regulators in the United States issued a joint warning to banks about crypto-related risks, prompted by the massive failures of several large crypto companies.
Raising concerns about crypto's place in the banking sector, three US regulators – the Federal Reserve,...
US Regulators and the Fed Jointly Issue Crypto Warnings
5.1.2023
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that...
US DoJ Is Seizing Banking Assets, Robinhood Shares Linked to FTX, Court Told
4.1.2023
Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes
US federal agencies release joint statement on crypto asset risks and safe practices
3.1.2023
The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
30.12.2022
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to...
Central Bank Digital Currency: Turkey's Central Bank Conducts First Transactions of Digital Lira – Will Other Countries Follow Suit?
30.12.2022
The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira.
The country's central bank issued a press release on December 29, stating that,
"In the scope of the first-phase studies of the Digital Turkish...
Gold-Based Digital Assets Issued in Russia
29.12.2022
A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints...
Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products
27.12.2022
Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs). HSBC’s Trademark Applications for Crypto-Related...
Defi More Scalable Than Traditional Finance, New Study Says
22.12.2022
Despite the market conditions that prevailed in much of 2022, decentralized finance (defi) still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked dropped from the peak of $180 billion in Dec. 2021...
US senator Toomey introduces stablecoin bill as congressional session wraps up
22.12.2022
The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session
US Senate banking chair floats possibility of banning crypto
19.12.2022
Despite suggesting a possible ban, U.S. Senator Sherrod Brown stated it would be “very difficult” to implement because activity “would go offshore.”
Basel Committee Endorses Global Crypto Banking Rules to be Implemented by 2025
16.12.2022
The rules suggested that a banks exposure to certain crypto assets must not exceed 2% and should generally be lower than 1%
What Goldman Sachs' CEO misunderstands about private blockchains
13.12.2022
Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users
German crypto asset trading platform Bitcoin Group SE buys bank with full license
13.12.2022
Bankhaus von der Heydt has its own stablecoin and digital asset custody and tokenization services, but it was on the market for a while and almost went to BitMex execs
Today in Crypto: Binance Introduces 'Pay', Law Firm Announces Lawsuits Against Yuga Labs (and Kevin Hart, Justin Bieber, Serena Williams...)
13.12.2022
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: Binance Introduces 'Pay', Law Firm Announces Lawsuits Against Yuga Labs (and Kevin Hart, Justin Bieber...