Join Our Telegram channel to stay up to date on breaking news coverage What – The legal case involving the co-founder and former CEO of FTX, Sam Bankman-Fried (SBF), is still ongoing. Why – In a new d...
Tag: Bank
Bank of Russia to Debut Digital Ruble in April 2023
The first consumer pilot for the nation’s central bank digital currency (CBDC) will be rolled out by the Bank of Russia on April 1, 2023, as part of preparations for this day. According to the f...
Japan to Launch Central Bank Digital Currency Pilot in April 2023
In April of 2023, Japan intends to launch a pilot program for a central bank digital currency (CBDC), even if the country does not permit the use of international stablecoins like Tether (USDT). It in...
Caitlin Long of Custodia Bank says crypto won’t be “uninvented” and will steadily replace banks in remittance
Caitlin Long, the founder and CEO of Custodia Bank, in a Twitter thread on Feb. 17, revealed that she handed over evidence to law enforcement agencies in the United States of probable crimes committed...
Dutch Bank Fines Coinbase, Requires Over $3 Million
The Dutch Central Bank has thrown a $3.6 million penalty fee at Coinbase for allegedly failing to meet the region’s registration requirements prior to offering digital currency services in the Netherl...
Bank Of Russia Set To Roll Out Pilot CBDC As…
The Bank of Russia is all set to roll out the first consumer pilot of the country’s Central Bank Digital Currency (CBDC), with the pilot set to launch as early as the 1st of April, 2023. The pilot wi...
Custodia Bank CEO Blasts Washington For Crackdown On Crypto
Custodia Bank CEO Caitlin Long has called out American lawmakers and regulators for the crackdown on crypto. The CEO claimed that she had warned regulators about the fraud going on at a major crypto f...
Bank of America warns ‘no landing’ scenario could clobber stocks later this year
The U.S. economy could be headed for a “no landing” scenario thanks to the hot labor market, but that might not be good news for the stock market, according to Bank of America analysts. In...
The Bank of Japan to launch its CBDC pilot before May
Japan, a nation where foreign stablecoins like Tether (USDT) are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It aims to include private businesses and test...
Terra Founder Do Kwon Cash-In 10,000 Bitcoin Via Swiss Bank
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Terraform Labs and its co-founder Do Kwon for orchestrating a $40 billion securities fraud involving LUNA and Terra’s algorith...
Bank of Japan to launch its CBDC pilot in April, following…
The Bank of Japan plans to launch its CBDC pilot in April 2023. The pilot project will commence after the proof-of-concept testing is completed. In his opening remarks at the Fifth Meeting of the Lia...
Binance.US Refutes Reuters Report, Says Only its Executives Have Access its Bank Accounts
Binance.US refuted an earlier report made by Reuters, which stated that the international exchange allegedly moved $400 million from an account belonging to the American affiliate. In an attempt to cl...
Qatari Bank Chairman Submits Bid On Manchester United
Topline The chairman of Qatari bank QIB submitted a bid to purchase Manchester United, multiple outlets reported Friday—following years of complaints from fans who claim the English Premier League clu...
Silvergate Bank as defendants in a proposed class-action lawsuit from an FTX user
In a newly proposed class-action lawsuit, Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sa...
Prominent Chinese Investment Banker Bao Fan Goes Missing, Bank Says
Topline Bao Fan, chairman and CEO of Beijing-based China Renaissance Holdings, is missing, according to a Thursday filing, as the company says it has no additional information about Fan’s whereabouts,...
Do Kwon Cashed 10K BTC Using a Swiss Bank, Claims the SEC
Shortly after legally going after Do Kwon and Terraform Labs, the US Securities and Exchange Commission asserted that the former cashed out 10,000 bitcoin after his brainchild collapsed. Kwon has been...
Signature Bank CEO Joe DePaolo Will Be Replaced by COO Eric Howell Following Transition Period
Under DePaolo’s leadership, Signature’s Nasdaq-listed shares soared as high as $344.89 a year ago amid the last crypto bull market. By the end of 2022, following the collapse in cryptocurr...
Do Kwon cashed out massive Bitcoin stockpile via Swiss bank
According to the formal charge against the founder of Terraform Labs, the company behind the collapsed Terra (LUNA) ecosystem, the United States Securities and Exchange Commission (SEC) alleges that D...
CBDC Trial to be Launched in April by Japan Central Bank
Only 4% of Japan’s total population uses or owns cryptocurrencies. Experimental testing of the digital yen is expected to begin in April 2023. The Bank of Japan revealed on February 17, 2023, that...
Central Bank of Brazil President States Digital Real Pilot Is Imminent – News Bitcoin News
The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto state...
DBS Bank Reports 80% Surge in Bitcoin Trading Volume in 2022
Bitcoins held in DDEx’s custody doubled as of December 31, 2022. DDEx saw a rise in its client base with the general uptick in Bitcoin and Ethereum trading. Bitcoin trading on DBS Digital Exchange (DD...
Why Does My Bank Have Savings Account Transfer Limits? It’s My Money!
savings account transfer limit Some banks limit how often you can transfer money out of a savings account. Exceeding the allowed quota of transfers via ATM, electronic bill payment or other methods co...
Signature Bank Announces Leadership Transition Plans
Joseph J. DePaolo Plans Transition into Senior Advisor Position and Eric R. Howell to Assume the Role of President; Howell first joined Signature Bank at the time of its opening in 2001 NEW YORK–(BUSI...
A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets
Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Pool | Reuters LONDON —...
Silvergate Stock surged 28.57%,Crypto bank turnaround possible?
Silvergate Capital(SI) stock price skyrocketed after several prominent firms disclosed their holding in the crypto bank NYSE: SI stock price is up by 48.80% on a weekly basis and formed bullish revers...
Signature Bank to appoint Eric Howell as CEO and president
After more than 20 years holding the reins at Signature Bank, co-founder Joseph DePaolo will be stepping down as CEO and president as part of a reshuffling of the bank’s leadership. Signat...
The United Kingdom Tax Reform Council Launches Campaign Against Bank of England
The United Kingdom Tax Reform Council has begun a campaign in opposition to the idea of the Bank of England to develop a digital currency that is controlled by the central bank (CBDC). The charitable ...
World Bank President To Step Down Early — Leaving Biden To Name Replacement
Topline World Bank President David Malpass announced Wednesday his plan to step down in June, nearly a year before the end of his five-year term, following a recent controversy over climate change com...
Bitcoin Deposits to Singaporean Digital Asset Bank Doubles in 2022
DBS saw an 80% rise in BTC trades and twice the deposits from the previous year. The bank’s ETH custody rose by 60%, while the traded volume increase by 65%. DDEx is a members-only exchange for corpor...
Ken Griffin’s Citadel Securities Discloses 5.5% Stake in Crypto Bank Silvergate
A person familiar with Citadel Securities told CoinDesk that the filing is a result of the firm’s options market making activities rather than a directional investment or stake in Silvergate. Ci...