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Crypto Action in Senate Remains on Back Burner: Sources
21.2.2024
Despite keen interest from U.S. Senate Democrats such as Elizabeth Warren (D-Mass.) to deal with the illicit movement of funds in crypto, there's no immediate action planned in the committee that would need to get it rolling, according to two sources familiar with the plans
Crypto Advocacy Group Urges Senate Banking Chair to Reject Elizabeth Warren’s DAAMLA Bill
21.2.2024
US crypto advocacy group, the Chamber of Digital Commerce (CDC), is opposing Senator Elizabeth Warren’s anti money-laundering (AML) DAAMLA legislation, claiming she is “trying to kill the entire industry,” according to a tweet yesterday on X. Digital assets have been under attack...
ECB Addresses Banking Industry’s Concerns on Digital Euro
20.2.2024
The ECB responded to concerns from financial institutions on fears regarding disintermediation with the evolution of a digital euro.
The post ECB Addresses Banking Industry’s Concerns on Digital Euro appeared first on Cryptonews
Canada’s EQ Bank Partners with Trulioo for Biometric Identity Verification + More Crypto News
19.2.2024
Crypto news today: Trulioo joins hands with the digital platform of Canada’s challenger bank, ChainLight reveals a new database that enables users to track all Web3 hacks, and spot volumes rise for the fourth consecutive month.
The post Canada’s EQ Bank Partners with Trulioo for Biometric Identity...
Honduras Tightens Crypto Regulations, Prohibits Bank Transactions and Holdings
17.2.2024
The National Banking and Securities Commission of Honduras (CNBS) has passed a resolution prohibiting the country’s financial institutions from engaging in cryptocurrency-related activities. The CNBS stated that crypto transactions cannot be guaranteed by the Honduran central bank due to...
Revolut To Roll Out “Invite-Only” Crypto Exchange
16.2.2024
Banking services provider Revolut is set to debut a new “invite-only” crypto exchange, according to a February 16 report. A U.K.-based customer email confirmed by CoinDesk stated that Revolut is launching a new crypto exchange with advanced traders in mind. Revolut’s ‘Standalone’...
Revolut to Introduce Crypto Exchange Targeting 'Advanced Traders'
16.2.2024
Digital bank Revolut is set to release a cryptocurrency exchange targeting "advanced traders," according to an email sent to customers that was seen by CoinDesk
Citi Innovates with Avalanche Blockchain to Tokenize Private Equity Funds
15.2.2024
Big four American banking giant Citi has just completed a proof-of-concept (PoC) to tokenize traditional finance (TradFi) assets and distribute them on blockchain. The multinational investment bank and financial services corporation used Avalanche’s Evergreen subnet Spruce “for...
Mondelēz International to Join Hedera Council + More Crypto News
14.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s crypto news: Mondelēz International to Join Hedera Council Fetch.ai Foundation Welcomes Deutsche Telekom as First Corporate Partner Taurus and Lido Enable...
CEO of Bank Involved In Pig Butchering Scheme Charged With Embezzling $47 Million
13.2.2024
In a startling breach of trust, the CEO of Heartland Tri-State Bank is facing charges for orchestrating an embezzlement of $47 million. The high-profile case came to light following revelations that the bank played a central role in a sophisticated ‘pig butchering’ scheme, according...
IOTA and Partners Develop KYC Solution That Incorporates Tokenization + More Crypto News
13.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s crypto news edition: IOTA & Partners Develop KYC Solution That Incorporates Tokenization WisdomTree Reports AUM Hitting Record High For 3rd Consecutive...
Blockchain Association Warns Warren’s Anti-Crypto Legislation Threatens US Jobs and Strategic Advantage
13.2.2024
The Blockchain Association has sent a second letter to the House Financial Services Committee and Senate Banking Committee expressing concerns over a bill sponsored by Senator Elizabeth Warren. The legislation, titled the Digital Asset Anti-Money Laundering Act of 2023 (DAAMLA), has garnered...
Hong Kong-Listed OSL Joins Swiss Banking Giant UBS’s ‘Investment-Grade Tokenized Warrant’
11.2.2024
The Hong Kong-listed OSL Digital Securities has participated in the Swiss banking giant UBS’s “investment-grade tokenised warrant and simulated product life cycle.” Patrick Pan said the partnership with UBS not only represents a milestone for OSL but also highlights the importance...
Traditional Banking Sector Helped to Fuel Misconceptions About Regulators’ Stance on Crypto, Says Karim Chaib
11.2.2024
Although many global regulators are commonly perceived to be against offering regulation that is supportive of crypto, Karim Chaib, the CEO of the digital assets platform Web3intelligence, asserts that their stance is, in fact, intended “to ensure a safe and secure environment for both...
Economist Dr. Nomi Prins Sees Potential for Massive Banking Crisis, Foresees QE as Remedy
9.2.2024
This week, during a recent interview, the renowned geo-macro economist and acclaimed author Dr. Nomi Prins shared insights on the Federal Reserve’s future actions, particularly regarding whether the central bank will reduce the federal funds rate come March. Prins mentioned that we might...
Wirex CEO Says Money Mules Are a Massive Issue in FinTech and Crypto
9.2.2024
In an insightful interview with Cryptonews, Pavel Matveev, CEO and co-founder of popular global digital payment platform Wirex, discussed what money mules are and how big of a problem they pose in the crypto and FinTech industries. The short answer is: big. He further told us how these fraudsters...
Treasury’s Yellen: More Power Needed to Counter Crypto Use by Terrorist Groups
9.2.2024
U.S. Treasury Secretary Janet Yellen has expressed the need for increased authority within the Treasury Department to address the alleged utilization of crypto by terrorist groups. Senator Sherrod Brown, known for his role in shaping crypto legislation, questioned Yellen about the necessary updates...
Neobanking app enfineo claims it can bridge traditional finance with cryptocurrencies
9.2.2024
  Startup enfineo is building an alternative to your usual cryptocurrency wallets with a focus on traditional banking and finance. enfineo guarantees that the platform seamlessly integrates conventional banking with the dynamic world of cryptocurrencies, allowing users to manage their savings...
Former Bitmex Chief Foresees Bitcoin Rising to $1 Million Amid Banking Bailout and Money Printing Surge
9.2.2024
Arthur Hayes, former CEO of crypto exchange Bitmex, has predicted a remarkable surge in the price of bitcoin, envisioning it reaching $1 million amidst anticipated banking bailout measures and significant money printing by the Federal Reserve. Hayes expects the troubled New York Community Bancorp...
U.S. Senators Berate SEC's Gensler for Agency's 'Unethical' Handling of Crypto Case
8.2.2024
The U.S. Securities and Exchange Commission's admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Republican senators argued in a letter to Chair Gary Gensler