Economy
Decline in Bank Crypto Holdings as Firms Shift to ETPs
Global banks are moving away from spot cryptocurrencies, now holding only 2.46% in such assets.
Crypto
Key Considerations for Banks Re-entering the Digital Asset Space
Banks are reigniting their interest in digital assets, evaluating critical factors before their reintegration into the market.
Finance
OCC Announces New Permissibility for Banks in Crypto Custody and Stablecoin Activities
The OCC clarifies that federally regulated banks can now engage in cryptocurrency-related activities without prior approval.
Finance
A Fresh Advocate for Ethereum on Wall Street: Insights from Vivek Raman
Vivek Raman, founder of Etherealize, discusses his transition from banking to cryptocurrency and how he aims to promote Ethereum's adoption among major financial institutions.
News
Revisions in Crypto Regulations as Basel Committee Responds to Stablecoin Growth
The Basel Committee is set to update its guidance for banks on cryptocurrency exposure amidst rising stablecoin usage.
News
Citi to Explore Stablecoin Payments in Collaboration with Coinbase
Citi announces a partnership with Coinbase to trial stablecoin payments, signaling a shift towards digital currencies and predicting a $4 trillion market by 2030.
Banking
Iran's Ayandeh Bank Shuts Down, Impacting Millions of Customers
The bankruptcy of Ayandeh Bank has resulted in the absorption of its customers' assets by the state-owned Bank Melli, affecting over 42 million individuals.
Banking
Major Japanese Banks Set to Launch Yen-Based Stablecoin
Japan's leading banks are collaborating to issue a stablecoin pegged to the yen, enhancing their corporate settlements and reducing transaction costs.
News
Paxos' $300 Trillion Error Highlights Blockchain's Transparency Over Traditional Banking
A recent incident involving Paxos' accidental minting of $300 trillion of PYUSD emphasizes the merits of blockchain transparency in banking errors.
News
StarkWare’s CEO Claims Corporate Blockchains Lack Longevity Due to Control Issues
Eli Ben-Sasson of StarkWare states that corporate-controlled blockchains will eventually fail as they defy blockchain principles.
Finance
US Bancorp Initiates Stablecoin Pilot Utilizing Stellar Blockchain
US Bancorp has launched a stablecoin pilot project on the Stellar network, collaborating with PwC and the Stellar Development Foundation to explore new financial technologies.
Crypto
Ripple's CEO Advocates for Equal Regulatory Standards for Crypto and Traditional Finance
Ripple's CEO Brad Garlinghouse argues for the same regulatory treatment for crypto firms as traditional banks during a conference.
Crypto
Crypto Markets Experience Turmoil as Binance Executes $400 Million Bailout
Following a massive sell-off, Binance steps in with a relief program while JPMorgan eyes entry into crypto trading.
Finance
Amina Bank Launches Staking for Polygon's POL Token with Rewards up to 15%
Amina Bank becomes the first regulated institution to offer staking for Polygon's POL token, enabling institutional clients to earn significant rewards.
Finance
JPMorgan Advances Tokenization Efforts with Kinexys for Private Equity
JPMorgan is set to launch its Kinexys Fund Flow platform for tokenizing private equity funds, targeting high-net-worth clients with a broader rollout planned for next year.
Banking
EU Banks Unite for Euro-Backed Stablecoin Launch by 2027
A consortium of 10 banks aims to secure regulatory approval for a euro-pegged stablecoin set to launch in 2026.
Ecosystem
Professor Addresses Myths Surrounding Stablecoin Yields
A Columbia Business School professor dismissed banking industry misconceptions about stablecoin yields as Congress approaches market structure changes.
Finance
Mainstream Crypto Gains Yet Banking Barriers Persist
Despite the rising acceptance of cryptocurrencies, many investors face challenges with banks blocking transactions related to digital assets.
Crypto
Xapo Bank Reports Shift in Bitcoin Borrowing Towards Long-term Strategies
Xapo Bank's latest report reveals that borrowers are using Bitcoin-backed loans for long-term financial strategies instead of immediate liquidity needs.
Banking
Revolut Shifts Focus to Apply for U.S. Banking License Amid Takeover Plans Withdrawal
Revolut is set to apply for a banking license in the U.S. after scrapping earlier plans to acquire a local bank as part of its global expansion strategy.
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