The United States is making sure that Russian sanctions remain tightly in place and prevent Russia from taking any refuge from cryptocurrencies and use these to advance its goals. According to people ...
Tag: Bank
German digital bank N26 plans to be ready for IPO by end of 2022
N26 co-CEO Maximilian Tayenthal speaking at a tech conference in London on June 12, 2019. Simon Dawson | Bloomberg via Getty Images BARCELONA — German banking start-up N26 will be prepared for an init...
First Horizon shoots up 30% after being acquired by TD Bank Group
First Horizon Corp (NYSE: FHN) went up by 30% after it announced that it and TD Bank Group (NYSE: TD) had executed a definitive purchase agreement that states TD Bank Group will acquire it for $13.4 b...
Russian Central Bank Claims SWIFT Alternative Is Ready
The central bank of Russia claims that its alternative to the SWIFT payment network is ready, though it’s unlikely to see much participation from foreign entities. Russia’s central bank has claimed th...
Sanctions on Russia Puts Focus on China’s Central Bank
(Bloomberg) — China’s central bank could provide a financial lifeline to Russia if Beijing decides to buck Western efforts to cut its strategic partner out of the global financial system. Most R...
European Central Bank expresses concerns over Russia using crypto to avoid sanctions
The president of the European Central Bank, Christine Lagarde, is calling upon the European Union to develop a strict cryptocurrency regulatory framework. This call comes as Russia continues to face t...
JPMorgan project will push bank further into market serving private firms
JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images JPMorgan Chase i...
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions – Bitcoin News
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in li...
Russian Central Bank Chief Says Alternative to SWIFT Already In Place
Key Takeaways Russia’s central bank governor has said the its global payments will continue to function despite the SWIFT ban. The central bank chief said Russia’s SPFS, an internally-deve...
Where to buy the First Horizon stock: it’s up 30% today after being acquired by TD Bank Group
The stock price of First Horizon Corp is has shot up by over 30% after an acquisition announcement by TD Bank Group. The stock has been on a monster Bull Run since Friday, February 25, 2022. To help s...
European Central Bank Votes Today On Crypto Regulation Amid Sanctions On Russia
The European Central Bank’s president, Christine Lagarde, has called on policymakers and legislative experts to form and approve a regulatory framework on crypto for its jurisdiction and member ...
America Seizes All Assets in US and USD of Russia’s Central Bank – Trustnodes
In an unprecedented move, the United States has just announced it is making inaccessible all assets of the Russian Central Bank in US, including gold and anything else, as well as any asset held by US...
Russia’s central bank hikes interest rates to 20% amid tough sanctions
Russia’s central bank has raised the country’s key interest rate to 20%, more than doubling it up from 9.5% as the reality of tough sanctions appears to hit home. According to a statement from the cen...
BitMEX Founder Arthur Hayes Pleads Guilty to Violating Bank Secrecy Act
BitMEX co-founders Arthur Hayes and Benjamin Delo have both pleaded guilty to violating the United States Bank Secrecy Act (BSA). As announced in a press release by the Department of Justice, the plea...
ECB says Russia bank subsidiary likely to fail
FRANKFURT, Germany — An Austria-based subsidiary of Russia’s state-owned Sberbank RU:SBER has been ruled likely to fail after depositors fled due to the impact of Russia’s invasion of Ukraine. The Eur...
Central Bank of Ukraine Suspends Electronic Cash Transactions, Will It Boost Crypto Prices?
One of the most recent steps adopted in line with a statewide proclamation of martial law is a crackdown on digital money transactions by Ukraine’s central bank. And, as Ukraine tightens restrictions ...
U.S. And Allies To Remove Some Russian Banks From SWIFT, Sanction Central Bank
Topline The Biden administration and Western allies committed Saturday to a series of tough new sanctions on Russia to choke its financial system, including cutting off “selected” Russian banks from t...
Core Banking Technology Company Thought Machine Partners with HD Bank
Thought Machine, a UK-based core banking technology company, today announced a strategic collaboration with Vietnam’s HD Bank for the modernization of HD Bank’s technology infrastructure. HD Bank call...
Crypto Exchange Bitmex’s Founders Plead Guilty to Bank Secrecy Act Violations – Regulation Bitcoin News
The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implemen...
Hayes And Delo, Co-Founders Of BitMEX, Have Pleaded Guilty To Violating The Bank Secrecy Act
The announcement brings to an end a legal chapter that began in the fall of 2020, when Hayes and Delo, as well as co-founder Samuel Reed and BitMEX head of business development Greg Dwyer, were charge...
BitMEX Founders Arthur Hayes and Benjamin Delo Plead Guilty to Violating Bank Secrecy Act
The founders of crypto exchange platform BitMex are pleading guilty to violating a law that requires financial institutions to assist government agencies in detecting money laundering. According to a ...
Russia’s VTB Bank Asks Customers to Avoid Conducting Forex Transactions
VTB Group, a Russian state-owned bank, has asked its corporate customers to refrain from executing transactions in U.S. dollars and euros to ‘minimize risks given the current situation’. H...
OANDA Taps Saxo Bank Exec Michael Aagaard to Head Its Forex Trading Business
OANDA, a global online multi-asset trading services firm headquartered in the US, has announced the appointment of Michael Aagaard, a longtime Saxo Bank executive, today to head the company’s foreign ...
America’s oldest bank to launch institutional crypto custody service
The Bank of New York Mellon Corporation, better known as BNY Mellon, is reportedly gearing up to become “the first [bank] to enter the global digital custody space” later this year. According to a rep...
Ukraine Central Bank Suspends Use of Electronic Money Following Russian Invasion
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Trudeau gives perfect reasons to take your money out of the bank and buy crypto
Justin Trudeau, prime minister of Canada, revoked the emergency act on Wednesday. Unsubstantiated reports are that the Canadian banking and financial system suffered as citizens withdrew their currenc...
Bnext Spain’s prominent neo bank will issue its B3X token on 1 March
Bnext is the biggest Spanish neobank with a vision to become a leading financial technology platform in Spanish-speaking nations through its growing ecosystem of innovative financial products. The 1st...
Central Bank of Argentina Prepares New Regulations for Digital Wallets – Regulation Bitcoin News
The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework is directed at stoppin...
Saxo Bank Shows Growth in Client Count While Profits Remain Marginal
The annual financial reports for the Denmark-based Saxo Bank came in earlier this week. While the bank scored less exceptionally in terms of profits, the phenomenal growth in client count makes up for...