United Kingdom-based banking giant Lloyds Bank recorded double digits growth in global income in the backdrop of economic uncertainty in 2022. Indeed for 2022, the lender reported an income of £1.82 ...
Tag: Bank
The Bank for International Settlements
In the days that immediately followed the collapse of the cryptocurrency firms FTX and Terraform Labs, there was an increase in the amount of trading activity that took place on significant exchanges,...
Bank of International Settlements Head Backs CBDC Over Crypto
Bitcoin News In his address in Singapore, though, he did express support for CBDC. He advocated for the use of CBDCs and tokenized deposits. According to Agustin Carstens, the head of the Bank of Inte...
Deutsche Bank Successfully Finishes Trial of Tokenized Investing Platform
German financial giant Deutsche Bank is announcing the successful finish of a trial for a tokenized investing platform. In a new announcement, Deutsche Bank says it has successfully completed a new pr...
Here’s What’s Driving Bitcoin (BTC) Adoption, According to Bank for International Settlements Research
The Bank for International Settlements (BIS) says that rising Bitcoin (BTC) prices spur much greater adoption just a few months later. In a new bulletin from BIS, the institution says retail investors...
Deutsche Bank completes trial of Project DAMA tokenization platform
Ad Deutsche Bank and Memento Blockchain have completed a proof of concept tokenization platform called Project DAMA (Digital Asset Management Access), which aims to simplify launching and accessing di...
Crypto Bank Custodia Sees Its Fed Application Denied
Bitcoin has been incurring some price spikes over the past few weeks that have caused crypto to jump back onto the financial map like it never did in 2022. However, the space has been delivered a blow...
Deutsche Bank completes trial of tokenized investment platform
According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof-of-concept phase of Project DAMA (Digital Assets Management Access), designed to ...
Nigeria’s Central Bank in Talks with Partners to Revamp Its CBDC
Two sources familiar with the matter said that the central bank is willing to develop its own software for the CBDC in order to keep full control of the effort. It’s been nearly eighteen months since...
What is 2 reasons why the Bank of England might hike again in March? | Definition & Examples
Yesterday was a good day for British pound investors. The currency gained across the FX dashboard on positive economic data. GBP/USD rose close to two big figures (i.e., 200 pips points), GBP/CHF too,...
Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year – Bitcoin News
The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained ...
Strike CEO Jack Mallers Calls Bitcoin The “Central Bank Of The Internet”
Bitcoin is a lot of things to many people — digital gold, a speculative investment, a tech experiment, a decentralized replacement for fiat money, etc. But being compared to a central bank is likely ...
DeFi hackers are making bank this year — it’s February
In early 2023, the cryptocurrency industry has been characterized by unexpected price pumps and mounting regulatory pressure, yet it’s been a fairly quiet time for the decentralized finance (DeFi) sec...
“Shame on Washington,” Custodia Bank CEO Slams U.S. Crypto Crackdown
Caitlin Long believes the U.S. government must amend its crypto regulatory approach. Custodia Bank Chief Executive Officer Caitlin Long has slammed the United States government for alienating good act...
Yes Bank share price sell-off eases but March 3 will be pivotal
Yes Bank (NSE: YESBANK) share price is in a deep bear market as concerns about the company continue. After spiking to a multi-year high of ₹24.75 in 2022, the stock has plunged by ~32%, making it one ...
Bank of England developing a CBDC that will respect privacy?
The Bank of England has published a technology working paper wherein it lays out its ideas on a future digital pound. User privacy is being considered. Central Bank Digital Currencies (CBDCs) are the ...
Supreme Court To Decide If IRS Can Secretly Access Bank Records
Fresh off a new injection of $45 billion to ramp up its enforcement efforts, the IRS is calling on the U.S. Supreme Court to allow its agents to secretly obtain financial records, without ever notifyi...
Starling Bank hits 6 million downloads milestone
United Kingdom-based Starling Bank is gaining significant traction in the country as per the number of mobile app downloads. As of February 2023, Starling Bank mobile app downloads had hit 6.08 milli...
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1 – Finance Bitcoin News
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the...
Southeast Asia’s Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange – Featured Bitcoin News
The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market h...
Custodia Bank CEO Caitlin Long Slams Regulators
The Chief Executive Officer of Custodia Bank, Caitlin Long, has criticized regulators and lawmakers in Washington, D.C. for their “misguided crackdown” on the cryptocurrency industry and f...
MakerDAO Votes to Bring Another Commercial Bank Into Its Ecosystem
The cryptocurrency lending platform MakerDAO is holding a vote on a new proposal to include another commercial bank into its ecosystem. This would improve the relationship between conventional finance...
San Francisco federal bank eyes CBDC system development, reveals job posting
The Federal Reserve Bank of San Francisco is looking for a software engineer to help develop and implement systems related to a central bank digital currency (CBDC). On Feb. 18, the San Francisco Fed ...
Binance.US Responds to Reports Alleging Secret $400,000,000 Bank Transfers to Firm Managed by CEO Changpeng Zhao
Crypto exchange giant Binance is denying allegations that it secretly moved large sums of money from its US affiliate to a trading firm associated with its CEO Changpeng Zhao. A report by Reuters clai...
Kraken and Custodia Bank CEOs say regulators ignored their warnings about scams and fraud
Ad In a Twitter thread, Custodia Bank founder and CEO Caitlin Long said that she provided evidence to law enforcement about a crypto crime months before the company collapsed and left millions of cust...
Central Bank of Ireland should embrace public blockchains
USDC issuer, Circle, has collaborated with the Central Bank of Ireland to promote the advantages of blockchain for enhancing consumer protection. Circle response to the Central Bank of Ireland The Cen...
Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto
The CEO of Custodia Bank, Caitlin Long, has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector and ignoring her warnings of major “fraud” allegedl...
Bank of America, Goldman Sachs, JPMorgan, UBS Share Predictions About Further Fed Rate Hikes – Economics Bitcoin News
Bank of America, Goldman Sachs, JPMorgan, and UBS have shared their predictions about the Federal Reserve raising interest rates further. Bank of America and Goldman Sachs, for example, now expect the...
MakerDAO voting on $100M loan participation with Florida commercial bank
Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional fina...
Circle recommends Central Bank of Ireland adopt public blockchains for consumer protection
Ad Quick Take Circle submits a response to the Central Bank of Ireland highlighting the benefits of blockchain-based financial services for consumers. Circle offers recommendations on how financial su...