Reuters said the Brazilian central bank has formally launched its CBDC experiment. The bank has specifically announced the beginning of its digital currency pilot project to imitate the success displa...
Tag: Bank
Binance is FTX Redux, Bank Run Seems Inevitable: Ex-SEC Lawyer
John Reed Stark, a former attorney for the US Securities and Exchange Commission (SEC) and staunch crypto critic, has labeled Binance a “shadow bank” that mints its own “counterfeit currency” while pr...
Silvergate: crypto bank near bankruptcy
Bad news for the crypto bank Silvergate After collapsing on the stock market a few days ago, and after being dumped by virtually all the major exchanges, there is a new downfall for the bank. In fact,...
Iron Bank brings out the big gun, holds Alpha Homora’s users’ funds hostage to cover debt
We have seen the crypto industry and staking services go down in recent months. The time has now come for decentralized finance to feel the burn of the community. This came to light after Iron Bank an...
SoFi Bank sues to block Biden’s student loan payment pause
WASHINGTON (AP) — A private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing the moratorium has no legal basis and has cost the bank, known f...
Kraken Bank is ‘Very Much on Track,’ Assures Exec
Kraken has had a tough time with the United States regulatory agencies. Despite the difficult environment, the crypto exchange is planning to roll out its own bank. Marco Santori, Kraken’s chief legal...
Kraken to establish a new bank despite regulatory scrutiny – Cryptopolitan
US-based cryptocurrency exchange Kraken is establishing a fresh crypto bank despite the recent staking service prohibition by the U.S. Securities and Exchange Commission (SEC). While responding to a t...
White House ‘aware of’ stressed crypto friendly bank Silvergate, says press secretary Karine Jean-Pierre
Ad On March 6, White House Press Secretary Karine Jean-Pierre was pressed on whether the President was monitoring the evolving situation around the stressed crypto-friendly bank Silvergate. “We won’t ...
Kraken To Launch Bank Amid Regulatory Crackdown
Amid the several downturns in the crypto market, including the Silvergate fallout and regulatory crackdown, the U.S.-based cryptocurrency exchange Kraken has unveiled its plans to launch a banking ins...
Crypto Exchange Kraken To Launch New Crypto Bank in US Amid Regulatory Issue
US-based crypto exchange Kraken is still launching a new Wyoming-based crypto bank despite the U.S. Securities and Exchange Commission’s (SEC) recent banning of the exchange’s staking service. Kraken ...
Former SEC Attorney Warns Binance Will Face “Inevitable” Bank Run
Alex Dovbnya Former SEC attorney John Reed Stark has warned that Binance, the world’s largest cryptocurrency exchange, could face an “epic bank run” due to its lack of US regulatory ...
Kraken to Launch its Own Bank “Very Soon”
Key Takeaways Kraken Bank is on track to launch soon, according to Kraken chief legal officer Marco Santori. Kraken originally won its bank charter approval in 2020. The bank, fully online, will provi...
Kraken to launch its own crypto bank soon- The Cryptonomist
According to Kraken’s Chief Legal Officer Marco Santori, the crypto-exchange will soon launch its own bank. Kraken and the crypto-exchange’s plans to launch its own bank soon In an interview, it appea...
Crypto Exchange Kraken Inching Closer To Open Its Own Bank
9 seconds ago | 2 mins read Exchange News US Kraken customers would be the ones to get services first. The crypto exchange settled with the US SEC for $30 million. Kraken, a struggling cryptocurrency ...
Binance, Kuna Confirm Ukrainian Bank Cards Transaction Suspension In Hryvnia
The Central Bank of Ukraine banned crypto transactions via bank cards to prevent its national currency, the hryvnia, from being used on crypto exchanges. Similarly, Binance and the country’s leading e...
Kraken eyes own bank amid regulatory scrutiny
Ad Crypto exchange Kraken has plans to launch its bank, The Blocks reported March 6. According to the report, the crypto firm continues its plans despite the recent regulatory issues plaguing the indu...
Bank for International Settlements concludes CBDC project ‘Icebreaker’
In partnership with the central banks of Israel, Sweden, and Norway, the Bank for International Settlements (BIS) has finalized a project that explores the potential advantages and challenges of using...
Kraken continues bank launch plans amid regulatory hurdles
Kraken is still steadfast in launching its bank, despite facing a harsh regulatory landscape and several charges of violating securities laws by the US Securities and Exchange Commission. According t...
Kraken Crypto Exchange Plans to Open Its Own Bank
Kraken, one of the most popular crypto exchanges in the U.S. reportedly has plans to launch their bank own amid a challenging regulatory environment. Kraken’s Chief Legal Officer, Marco Santori, said,...
Tether Responds to WSJ FUD Regarding Falsified Bank Documents
Leading stablecoin issuer Tether has once again slammed mainstream media, The Wall Street Journal, for publishing a report that claimed the firm and its affiliates falsified documents and shell compan...
Just In: Kraken Is Planning To Launch Its Own Bank
Crypto News: Troubled crypto exchange, Kraken is reportedly moving towards its idea of launching its own bank. This move by the exchange comes after being charged by U.S. Securities and Exchange Commi...
European Central Bank chief economist Lane says rate rises will continue after March
Philip Lane, the chief economist of the European Central Bank, said interest-rate rises will have to continue beyond the March meeting, when a 50 basis point rate hike is seen as almost 100% certain. ...
Iran completes pre-pilot phase of central bank digital currency
Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial. The Central Bank of Iran (CBI) has successfully ...
Kraken is on track to launch bank ‘very soon’ despite regulatory ‘weird place’
Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment and the recent shuttering of its on-chain staking services for U.S. clients to settle U.S. Securit...
Central Bank Orders Financial Institutions to Ration Dollars – Africa Bitcoin News
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shorta...
Dormant Ethereum Whale Moves Millions Amid Silvergate Bank Controversy – Cryptopolitan
The crypto world has been abuzz with news of an ancient Ethereum wallet that has been dormant for more than five years. The wallet suddenly shifted 10,200 ETH tokens, worth approximately $30 million, ...
Bybit Suspends USD Bank Transfers, Cites Partner Bank Outage
Dubai-based cryptocurrency exchange Bybit has announced that it is suspending USD deposits and withdrawals through bank transfers from the 10th of March, 2023. The world’s fourth-largest cryptocurren...
Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts
The company behind stablecoin Tether (USDT) has rebuffed a report by The Wall Street Journal (WSJ) claiming it had ties to entities that faked documents and used shell companies to maintain access to ...
Bybit halts USD bank transfers citing partner outages
Dubai-based crypto exchange Bybit has suspended United States dollar deposits via bank transfers in response to “service outages from a partner.” Funds can be withdrawn through wire transfers until Ma...
UK’s Bank Regulator to Propose Rules for Digital Asset Issuance
The United Kingdom’s Prudential Regulatory Authority (PRA) has announced plans to propose a set of rules for the issuance and holding of digital assets. The decision comes as the use of digital ...
Bank Closes Its Crypto Payments Network
Silvergate Capital Corporation was once among the most preferred banking institutions for cryptocurrency business, but the entity has faced numerous issues in the past few weeks. The latest saw the ba...