Macroeconomic guru Lyn Alden is laying out how Bitcoin can ultimately make its way onto the balance sheets of central banks of nation-states. In a new interview with Peter McCormack on What Bitcoin Di...
Tag: Bank
Deutsche Bank to wind down Russia operations in major U-turn
Bloomberg | Bloomberg | Getty Images Deutsche Bank has said it will wind down its Russia operations — a major U-turn that sent shares higher Monday. In an announcement released late Friday, the German...
Russian Central Bank Changes Process of USD-RUB Rate Calculation
The Central Bank of Russia is changing the procedure of calculating and publishing the official foreign exchange rates as the value of the ruble against the US dollar plummeted over the past few weeks...
The Week Ahead – Central Bank Policy Decisions and Russia in Focus
On the Macro It’s a busier week ahead on the economic calendar, with 59 stats due out through the week ending 18th March. In the week prior, 50 stats had been in focus. For the Dollar: Wholesale infla...
Bank of Israel Issues Draft Regulations Regarding AML for Crypto Firms
The Bank of Israel has issued a new draft guideline to stakeholders in the cryptocurrency ecosystem concerning Anti-Money Laundering (AML) provisions. According to the press release published by the b...
Insiders at This Bank Bought $1.5 Million in Shares. Guess What Happened Next
Between covid, covid again, and now war, investors have spent two years on the edges of their seats. This has left many companies undervalued relative to the strength of their business. Recently Toron...
Deutsche Bank to Exit Russia, Says There Will Be No New Business There – Coinotizia
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2...
Deutsche Bank to Exit Russia, Says There Will Be No New Business There – Finance Bitcoin News
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2...
Jamaican Central Bank Plans to Airdrop $16 to First 100 Citizens Of CBDC
In a bid to spread awareness and bolster usage, the Jamaican Government is all set to airdrop $16 (2500 Jamaican dollars) to the first 100,000 citizens setting up Central Bank Digital Currency (CBDC) ...
Elrond Gets the Greenlight from Romania Central Bank In-Principle for Acquiring Payments Firm Twispay
Elrond, a blockchain firm based in Romania, announced on Thursday that it acquired Twispay, a major Romanian payments company. The blockchain company’s move came after the National Bank of Romania gav...
Bank of Israel issues draft guidelines on cryptocurrency AML/CFT
On Friday, the Bank of Israel published a draft regulation on Anti-Money-Laundering and Combatting the Financing of Terrorism (AML/CFT) risk management for the banks facilitating crypto-to-fiat transa...
Deutsche Bank reverses course on Russia, says it will unwind business there
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Deutsche Bank said Friday that it was winding down its operation...
Early Investors Will Receive Jam-Dex CBDC From The Jamaican Central Bank
Around 17% of the Jamaican population does not have access to banking services. Although people on social media speculate regarding governmental motives, the Observer reminds out that being unbanked w...
Uber stock: Deutsche Bank sees upside to $50 a share
Uber Technologies Inc (NYSE: UBER) has been a nightmare for shareholders this year, with the stock down about 30% YTD; but the worst is now in the rearview mirror, says Deutsche Bank. Benjamin Black s...
Bank of Israel releases guidelines for crypto deposits
TL;DR Breakdown The Israeli Central Bank publishes a guideline draft for crypto deposits. The Israel Securities Authority to hosts a hackathon on March 24th. As cryptocurrencies continue to grow, so ...
Bank of Uganda Reportedly Commences CBDC Study – Bitcoin News
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear w...
Jamaican central bank to airdrop Jam-Dex CBDC to early adopters
The first 100,000 Jamaican citizens to use the country’s new central bank digital currency (CBDC) known as Jam-Dex, will be given a free $16 payment in the hopes of promoting widespread adoption. Jam...
Deutsche Bank says not ‘practical’ to exit Russia business
Deutsche Bank said Thursday it is not “practical” to close its Russia business, despite similar moves by major corporations seeking to distance themselves from the country over its invasio...
Why is this Japanese Bank seeking ground across the world through the NFT marketplace?
Softbank Group Corporations, a Japanese multinational conglomerate planning to bring its services to the international level The multinational banking giant has collaborated with once search engine gi...
Deutsche Bank has no near-term plan to exit Russia
The corporate world, in recent weeks, has been pulling out of Russia in response to Putin’s military operation in Ukraine, but Deutsche Bank AG (NYSE: DB) seems to have a different stance. Deuts...
Third BitMEX Co-Founder Pleads Guilty to Violating Bank Secrecy Act
A third founding member of embattled crypto exchange platform BitMEX is pleading guilty to breaking a law that requires financial institutions to help the government detect money laundering. According...
Goldman Sachs becomes first major Wall Street bank to exit Russia amid Ukraine invasion
advertisement Goldman Sachs is shutting down its operations in Russia following the country’s invasion of Ukraine. The company will become the first major Wall Street bank to do so, but other financia...
Third BitMEX Founder Samuel Reed Pleads Guilty to Violating Bank Secrecy Act
Samuel Reed – one of three co-founders of the BitMEX crypto exchange – has joined his colleagues Arthur Hayes and Benjamin Delo in pleading guilty to disobeying the Bank Secrecy Act’s anti-money laund...
National Bank of Romania greenlights Elrond’s acquisition of Twispay
TL;DR Breakdown A payment processor and a registered Electronic Money Institution, Capital Financial Services S.A. Twispay, has been acquired by Elrond. The acquisition will involve the sale of Capit...
Romanian central bank approves blockchain firm Elrond to buy Twispay
The National Bank of Romania has greenlighted an acquisition in the blockchain industry, authorizing the blockchain startup Elrond to acquire a payment processing platform. Elrond, a blockchain firm f...
BitMEX Co-Founder Pleads Guilty to Violating Bank Secrecy Act
Samuel Reed, one of three BitMEX co-founders including Arthur Hayes and Benjamin Delo, has pleaded guilty to violating the United States’ Bank Secrecy Act. The BitMEX co-founder pled guilty to one co...
Singapore’s Central Bank provides payments license to crypto firm Paxos
Crypto and blockchain technology firm Paxos has received payments license from Singapore’s Central Bank It leverages technology to tokenize, trade and settle assets First of its kind to receive a gr...
Deutsche Bank Recognizes It Has a ‘Very Limited’ Russia Exposure
Deutsche Bank, Germany-based financial services giant, has disclosed more details about its risk exposures to Russia and Ukraine on Wednesday. Basically, the financial services firm stated that it had...