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Shark Tank Star Kevin O’Leary Warns More US Banks Will Fail
1.8.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, which support 60% of the economy … We’ve started to see...
QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector
31.7.2023
Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what’s to come. She anticipates further upheaval within the banking industry. The strategist articulated...
Today in Crypto: Crypto Firms in Hong Kong Can Open 'Simple' Bank Accounts Only, Elderly Couple in US Held Hostage for $156,000 in Crypto, Binance Can Operate in Dubai But Not in Nigeria
31.7.2023
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: Crypto Firms in Hong Kong Can Open 'Simple' Bank Accounts Only, Elderly Couple in US Held Hostage...
Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report
31.7.2023
Jeju, Busan and Incheon are in the running to be considered
Australian Lender Bendigo Bank Blocks “High-Risk” Crypto Payments
31.7.2023
Bendigo Bank, an Australian financial institution, has announced new rules targeting “high-risk” instant payments to crypto exchanges.
Announced Monday, the bank has blocked crypto transactions in a move to further enhance protection for the customers from fraud and financial crimes, Bendigo noted...
South Korea to pilot CBDC in one of these three cities, not Seoul
31.7.2023
South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
31.7.2023
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts
Australia's Bendigo Bank blocks high-risk payments to crypto exchanges
31.7.2023
Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges
Crypto․com Granted Registration Approval in the Netherlands
30.7.2023
Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering legislation, the company pointed out. Trading Platform...
Another US Bank Collapses: Heartland Tri-State Bank Closed by Regulator
30.7.2023
Heartland Tri-State Bank has become the latest bank in the U.S. to fail. The Kansas banking regulator closed the bank and appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver on Friday. Regulator Shuts Down Heartland Tri-State Bank A regional bank in the U.S., Heartland...
Bank Policy Institute Supports Elizabeth Warren's Push for Stricter Crypto Rules
29.7.2023
The Bank Policy Institute (BPI), an organization that advocates for the banking industry in the US, has publicly backed Senator Elizabeth Warren's efforts to tighten regulations for cryptocurrencies.
Warren, along with three other senators, has recently reintroduced the Digital Asset Anti-Money...
Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
29.7.2023
Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control
US banking advocacy group support Sen. Warren’s reintroduced crypto bill
29.7.2023
According to the Bank Policy Institute, the inclusion of digital assets in the anti-money laundering framework is essential to safeguard the United States' financial system and protect it from illicit finance
Russian President Vladimir Putin Criticizes the ‘Use of the Dollar as a Political Weapon’
29.7.2023
Russian President Vladimir Putin has railed against using the dollar as a political weapon in a meeting with the New Development Bank’s president, Dilma Rousseff. Putin stated that this weaponization and the recent developments in global finance complicated the institution’s growth...
Ex-Fed Policy Analyst's Paper: Stablecoins Present Lower Risk Than Traditional Bank Deposits
28.7.2023
Dollar-pegged stablecoins may actually be less risky to hold than traditional bank deposits, according to Brendan Malone – a former Federal Reserve Board analyst.
Now writing on behalf of technology research and investment firm, Paradigm, Malone argued on Wednesday that stablecoins are inherently...
SEC Case Had 'Almost No Impact' on Ripple's Talks With Central Banks, Says Exec
28.7.2023
James Wallis said the decision that Ripple's sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry
Indian supreme court raps Union government on crypto rules delay: report
28.7.2023
The Supreme Court bench asked the union government to file a report on whether they are capable of setting up a federal agency to investigate crypto-related crimes
Crypto.com Receives Registration Approval From The Dutch Central Bank – Here’s the Latest
28.7.2023
Cryptocurrency platform Crypto.com acquired a registration approval with De Nederlandsche Bank (DNB), the Dutch central bank, as a crypto services provider.
Contributing to Crypto.com’s regulatory license momentum, the approval follows a “comprehensive review of Crypto.com’s business...
NFT-styled debit cards the future of Web3 - Animoca founder on $30M hi investment
28.7.2023
Animoca Brands partners with hi, a Web3 app that features cryptocurrency exchange services, conventional digital banking and customized NFT-styled debit cards
Crypto.com registers in the Netherlands, cleared to advertise services
28.7.2023
The company received the green light from De Nederlandsche Bank to offer its services in the country