Search
Crypto Markets Today: Archblock Attempting to Bring US Banks to DeFi; Bitcoin and Ether Stall
15.12.2022
Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
New York State issues guidance for banks seeking to engage in activities with crypto
15.12.2022
The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup
Protocol Developer Archblock Aims to Bring US Community Banks to DeFi Through Partnership
15.12.2022
Archblock’s and Adapt3r’s joint effort focuses on onboarding U.S.-regulated financial institutions and low-risk investments to decentralized finance protocols after a series of loan defaults
New York Banks Must Seek Advance Permission for Crypto Activity, Regulator Says
15.12.2022
New guidance from the state department of Financial Services sets a 90-day advance notice period for state banks wishing to offer crypto-related services
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
Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning
13.12.2022
Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of recession different from other recessions in the past. As part of its recently issued 2023 Global Outlook report, Blackrock states that a new economic playbook is required in a world...
US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined
9.12.2022
US regulators want to know from the industry on what they think about the financial crimes associated with DeFi
Approach with caution: US banking regulator’s crypto warning
9.12.2022
The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management
US lawmakers question federal regulators on banks' ties to crypto firms
8.12.2022
“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith
US Watchdog Says Banks Shying Away from Stumbling Crypto Industry
8.12.2022
U.S. banks have been cooling off on their crypto interest since this year’s twin eruptions of Terra/LUNA and FTX, said Michael Hsu, the acting chief of the Office of the Comptroller of the Currency (OCC)
Some Central Banks Reportedly Looking to Issue a CBDC Within 10 Years
8.12.2022
Generally, 35% of central banks were more inclined to issue a CBDC despite recent events in crypto and none were less inclined a report by the Official Monetary and Financial Institutions showed
Fintech Company ZELF launches anonymous Visa debit card with crypto recharge
8.12.2022
The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number
Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3
8.12.2022
Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs
Australian CBDC receives unexpected interest but could hurt banks: RBA
8.12.2022
The pilot "eAUD" program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry
JPMorgan Chase CEO Jamie Dimon Likens Crypto to Pet Rocks — Calls for More Regulation
8.12.2022
JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe focus a little more on crypto.” JPMorgan Chase’s Jamie Dimon Compares Crypto...
Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years
7.12.2022
Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at...
US lawmakers request answers from Silvergate over ties to FTX: Report
6.12.2022
Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."
Report: South African Digital-Only Bank Launches Crypto Payments Gateway
6.12.2022
A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of the digital-only bank, said the “new gateway...
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry
6.12.2022
Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko...
Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks
2.12.2022
Liquidators for Three Arrows Capital (3AC) have seized $35.6 million from the collapsed crypto hedge fund’s bank accounts in Singapore three months after getting the nod from that country’s High Court to begin probing 3ACs assets in the country