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Nalezeno "banks": 1877

Inspector General wants FDIC to refine crypto risk assessment process, guidance

18.10.2023
The bank deposit insurer should assess the sufficiency of its risk mitigation measures and then provide them in a more organized manner, the inspector general found

Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks

18.10.2023
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January

Banks’ crypto exposure must be disclosed: BIS’ Basel Committee

17.10.2023
The proposed regulations are currently open to the public for comments and if approved they will come into effect by Jan. 1, 2025

Why brand consistency matters and how Web3 companies are failing to deliver

17.10.2023
Choosing a realistic, appealing brand promise to a specific audience can improve the ability to endure difficult markets and strengthen the chances of outlasting the competition

FTC Warns Consumers Crypto Deposits Are Not FDIC Insured

17.10.2023
The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens,...

Evergrande’s Economic Tremors Trigger Bank Run in Northern China

17.10.2023
Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned billions to the struggling company. This...

Investment Banks See Uncertain Path Ahead as Middle East Crisis Unfolds

16.10.2023
Major U.S. investment banks are urging caution and flexibility as the crisis sparked by a surprise Hamas attack on Israel earlier this month continues to evolve. Analyst notes from JPMorgan and Morgan Stanley provide insight into how Wall Street is interpreting events on the ground and potential...

Scammers prefer banking customers over crypto investors in Ireland: Report

16.10.2023
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023

Banking Scams Overtake Crypto Frauds in Ireland

16.10.2023
Fraudsters targeting victims in Ireland are increasingly posing as bank officials rather than crypto promoters, the local press reported quoting police. Amid the growing trend, Irish investors have lost millions of euros to this type of schemes this year, with law enforcement authorities having...

Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’

11.10.2023
Billionaire investor Paul Tudor Jones says he is bearish on U.S. stocks, and bullish on Bitcoin and gold

Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages

10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...

Basel Committee to consider disclosure requirements for banks’ crypto assets

6.10.2023
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said

BIS, EU central banks building data platform to track crypto, DeFi flows

4.10.2023
The Bank of International Settlements and a handful of European Central banks are building a system to track international flows of cryptocurrencies

Brazil BTG Pactual bank buys Bitcoin-friendly brokerage Orama for $99M

3.10.2023
BTG Pactual is known for launching cryptocurrency trading services for its customers and is also planning to launch its own stablecoin

Class-action suit filed against Binance for alleged harm to FTX before its collapse

2.10.2023
A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

29.9.2023
The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare?

Coinbase CEO Calls on Chase Customers in UK to Close Accounts After the Bank Says It Will Decline Crypto Payments

29.9.2023
Coinbase CEO Brian Armstrong has slammed JPMorgan’s British retail bank, Chase UK, for changing its policy to block all crypto-related payments. Calling the move by Chase “totally inappropriate,” the Coinbase boss said: “UK crypto holders should close their Chase accounts...