Scammers convinced a North Carolinian to cash in his bank CDs and transfer the money into bitcoin held in a Coinbase account. The banks didn’t block the suspicious transactions, but the crypto exchang...
Tag: Bank
Central Bank of Bahrain Successfully Completes JPM Coin Test Run
The Central Bank of Bahrain has successfully completed a test of the JPMorgan JPM Coin. The latter was used to send real-time payments to counterparties in the U.S. The Central Bank of Bahrain has ann...
Crypto Bank Sygnum Secures $90 Million in Series B
Digital asset technology group, Sygnum inches closer to the status of a unicorn after raising $90 million in its Series B round. The company is now valued at $800 million. The Series B financing was l...
Crypto bank Sygnum raises $90 million, now valued at $800 million
Sygnum, a regulated crypto bank and asset manager, has raised $90 million in a Series B funding round. The firm is now valued at $800 million. Sun Hung Kai & Co., a Hong Kong-listed financial serv...
Stocks Plunge After Fed Minutes Show Central Bank Could Remove More Stimulus
Topline The stock market tanked on Wednesday after minutes from the Federal Reserve’s most recent meeting showed that the central bank could become more aggressive about removing stimulus and reducing...
Bank With $87,000,000,000 in Assets To Support Bitcoin Trading for Its Customers Early This Year: Report
Banca Generali, an Italian bank offering private banking and wealth management financial services to high-net-worth individuals, will enable its customers to buy and sell Bitcoin (BTC). According to a...
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline – Economics Bitcoin News
The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ report...
Should I buy Ford Motor shares after a positive view from Bank of America?
Ford Motor (NYSE: F) shares have advanced more than 10% this Tuesday, and there is a possibility to break over $25 for the first time since 2001. Bank of America has a positive view for the shares of...
Ford, Bank of America and more
A general view of the Halewood Ford transmission assembly plant after Ford announced a 230 GBP investment on October 18, 2021 in Halewood, England. Christopher Furlong | Getty Images Check out the com...
Italian bank Banca Generali may integrate Bitcoin in 2022: Report
Banca Generali, a major Italian bank with an AUM of €73.3 billion as of 2020, may integrate Bitcoin services this year, media reports claimed. According to Riccardo Renna, Chief Operation Officer and ...
Peoples’ bank of China rolls out the pilot phase for digital Yuan
TL;DR Breakdown Earlier today, the PBoC announced the launch of the pilot phase of its e-CNY wallet applications on both IOS and Android phones. The wallet is only available for testing by elite insti...
One-Day $10 Billion Profit Erases Turkey Central Bank Losses
(Bloomberg) — Turkey’s central bank posted an extraordinary daily profit of around $10 billion on the final day of 2021, sparking questions on what caused this overnight boon that will trickle d...
Trial E-CNY Wallets for iOS and Android Launched by China’s Central Bank: Reuters
Yuri Molchan Chinese central bank has released DCEP wallets for both Android and iOS smartphones According to Reuters, PBOC (the Central Bank of China) has kicked off pilot versions of wallets for dig...
Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’ – Fintech Bitcoin News
The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service...
Bank of America is an ‘incredibly cheap stock’
Lion Electric: “They’ve beaten that thing up. I mean, stocks do stop at zero. Wow. Don’t sell it.” New Fortress Energy: “If I’m going to construct energy infrastruc...
Italy’s top private bank Banca Generali to allow users to buy Bitcoin
Over 300,000 customers of Banca Generali will be able to purchase and hold Bitcoin this year. The feature was enabled through the bank’s partnership with cryptocurrency platform Conio, which will be i...
$87 Billion Italian Bank To Allow Bitcoin Purchases Early This Year
Banca Generali – an Italian Bank geared towards private banking and wealth management – plans to launch Bitcoin trading services in early 2022. These services will be enabled through an integration wi...
Bank of Jamaica completes CBDC pilot that will roll out soon
TL;DR Breakdown Jamaica is ready to welcome its CBDC soon. The Bank of Jamaica has tested its CBDC through the National Commercial bank. Bank of Jamaica (BOJ) has completed the Central Bank Digital Cu...
Bank of Jamaica completes CBDC pilot project- The Cryptonomist
The Bank of Jamaica (BOJ) has announced that it has successfully completed the pilot project for the Central Bank Digital Currency (CBDC), on 31 December 2021. By the first quarter of 2022, the BOJ e...
Bank of Jamaica Announces Completion of CBDC Pilot
Bank of Jamaica (BOJ) has taken a lead in the global CBDC ecosystem. Recently, the bank announced the successful completion of its CBDC pilot. In March 2021, BOJ announced the testing of a prototype C...
Lloyds Bank share price forecast for 2021
The Lloyds (LON: LLOY) share price has been in a tight range in the past few days. The stock is trading at 47.80p, which is slightly below last year’s high of 51.55p. It has risen by more than 108% ab...
Bank of Jamaica completes first CBDC pilot
The Bank of Jamaica (BoJ) has successfully completed its first central bank digital currency (CBDC), targeting a national rollout in the first quarter of 2022. After proceeding with initial CBDC proto...
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price vo...
Banks Forced by Central Bank of Israel to Accept Crypto Profits
Domestic banks in Israel were informed by the Central Bank of Israel that the profits generated by acts associated with cryptocurrencies must not be refused. A draft circular was dispersed by the Cent...
Russia’s largest bank launches its first blockchain-based ETF
Highlights The First of its kind will be traded on the Russian stock exchange under the ticker SBBE SBBE is set to follow the Sber Blockchain Economy Index The Launch of the ETF comes amidst the gr...
Bank of Mexico announced plans to launch a CBDC in 2024
Bank of Mexico announced it would be rolling out a central bank digital currency (CBDC) by the end of 2024. The country will join others such as China and Indonesia closer to a public rollout of a CBD...
Best 3 small-cap investment bank stocks for 2022
2021 was a good year for investment banking. Global merger and acquisition deals rose to more than $5.8 trillion while Initial Public Offerings (IPOs) rose to $600 billion. Companies also raised almos...
The Warren-Biden Bank Heist – WSJ
Elizabeth Warren finally got her woman—that is, the Senator and her many acolytes in the Biden Administration have succeeded in ousting Jelena McWilliams as chair of the Federal Deposit Insurance Corp...