The Saudi Arabia Central Bank (SAMA) announced that it is continuing its experiment with a central bank digital currency (CBDC). SAMA announced in a press release earlier in the week that it is steppi...
Tag: Bank
The U.K. government is recruiting for a head to its central bank digital currency project
The economic and financial ministry of the United Kingdom’s government, known as His Majesty’s Treasury, is in the process of hiring a head of central bank digital currency (CBDC) to overs...
Embattled Signature Bank Caps SWIFT Access For Binance, Raising Concerns ⋆ ZyCrypto
Advertisement     A recent update by Binance has revealed that Signature Bank, a major SWIFT gateway service provider, will partially terminate access to Binance custo...
PayPal challenged by a new bank wallet
PayPal and Apple Pay may soon be challenged by a new wallet from banks. This was revealed by the Wall Street Journal, according to which a group of US banks led by Wells Fargo plan to create a new wa...
Saudi Central Bank To Experiment With CBDC Alongside Fintech Lenders And Companies
As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its...
UK gov’t is hiring a central bank digital currency lead for Treasury team
HM Treasury in the United Kingdom has begun calling for applicants to lead the central bank digital currency team behind efforts towards a digital pound. In a job posted to LinkedIn on Jan. 24, the U....
Saudi Arabia Forays Into CBDC Exploration Through Saudi Central Bank
2 hours ago | 2 mins read Altcoin News The central bank plans to continue its experiments with a possible CBDC deployment. Saudi Central Bank (SAMA) is the driving force behind the initiative. The CBD...
Prosecutors seize SBF’s $50M deposit to small bank
Prosecutors seized just under $50 million belonging to FTX founder Sam Bankman-Fried (SBF) held in Farmington State Bank on Jan. 4, according to a Yahoo Finance (YF) report on Jan. 24. The total amoun...
Bitcoin is acting as a liquidity indicator for central bank balance sheets
Quick Take As the global world is facing extreme inflation, central banks are trying to reign in inflation by decreasing their balance sheets (quantitative tightening) and increasing interest rates. T...
$50 M Held at a Rural Washington Bank by SBF: Alameda Also Invested $11.5 M
At the time, a small bank with just 3 employees held an account worth $50 M owned by Sam Bankman-Fried. Alameda also invested $11.5 million in the bank. Prosecutors are trying to take hold of all ass...
Swiss bank Cité Gestion tokenizes its shares
Swiss bank Cité Gestion is collaborating with digital assets company Taurus to tokenize its shares and expand its presence in the blockchain-based payment industry. Cité Gestion, an independent Swiss ...
Signature Bank Reduces Crypto Exposure? Crypto Daily TV 24/1/2023
In Todays Headline TV CryptoDaily News: Signature Bank won’t support transactions under $100K. Signature Bank will not handle transactions of less than $100,000 for crypto exchange customers, accordin...
Pfizer, Unum Group And Signature Bank
On 1/26/23, Pfizer, Unum Group, and Signature Bank will all trade ex-dividend for their respective upcoming dividends. Pfizer Inc will pay its quarterly dividend of $0.41 on 3/3/23, Unum Group will pa...
Signature Bank Limit on SWIFT Transactions with Binance Affects Few
Signature Bank has told Binance it will no longer be handling SWIFT transactions for its customers below $100,000 next month in a bid to decrease its reliance on digital asset deposits. Support for tr...
Swiss Bank Cité Gestion to tokenize company shares on Ethereum
Switzerland-based private bank Cité Gestion has reportedly teamed up with Taurus technology to tokenize and manage its company shares on the Ethereum blockchain. As per Coindesk’s report, Cité Gestion...
Swiss Bank Cité Gestion Makes History by Tokenizing Its Own Shares, Setting a New Standard for Private Banking
The payment industry has evolved a lot since the advent of cryptography and web3 technologies. Several banks have been putting efforts into bringing a new revolutionizing payment infrastructure by int...
Islamic fintech Wahed opens physical bank branch in London
Islamic fintech startup Wahed has opened its first physical branch on Baker Street in London. The glossy retail location is designed to look like an Apple store. Wahed An investing platform backed by ...
Pilot Program of Euro-backed Stablecoin Approved by Bank of Spain
3 hours ago | 2 mins read Altcoin News The eurm token will be produced using Ethereum and Polygon blockchain technology. MONEI hopes that regulators will give their clearance to this stablecoin initia...
Central Bank of Saudi Arabia explores CBDCs for local wholesale bank settlements – Cryptopolitan
The Saudi Central Bank (SAMA) has recently announced its ongoing experiment of Central Bank Digital Currencies (CBDCs). Through this project, SAMA aims to better understand the potential uses of domes...
Signature Bank Responds to Inaccuracies in Wall Street Journal Article
NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, addressed an article today that appeared in the Monday, January 23, 2023 edition of the Wall Str...
Signature Bank Halts SWIFT Transactions Under $100,000 for Crypto Users, Says Binance
Signature Bank’s customers facilitating fiat operations with Binance will not be able to make SWIFT transfers of less than $100,000, according to the crypto exchange. “One of our fiat banking partners...
Alameda Research’s Investment in Farmington Bank Revealed
Alameda Research is the sister company of the bankrupt crypto exchange FTX. Caroline Ellison, the rumored girlfriend of FTX founder Sam Bankman-Fried, headed the firm. Alameda invested around $11.5 m...
CBDCs Could ‘Revolutionize Global Financial Systems’: Bank of America
At least 114 central banks—representing 58% of all countries, which generate 95% of global GDP—are now exploring central bank digital currencies (CBDCs), up from 35 in May 2020. And a team of cryptocu...
Bank of America claims CBDC might revolutionize global financial systems
Recent research from Bank of America (BoA) analysts highlights the welcoming disposition of 114 central banks to central bank digital currencies (CBDCs) and the United States’ wish to join the train. ...
Signature Bank pulls SWIFT transfers for Binance users
Signature Bank, a partner of Binance, has advised that it will no longer support SWIFT transfers of under $100,000 for the exchange users. Another day, another FUD story for Binance. This time, it is ...
Bank of America, JPMorgan and other banks reportedly team up on digital wallet to rival Apple Pay
Brendan McDermid | Reuters Several banks are reportedly working on a digital wallet that links with debit and credit cards to compete with Apple Pay and PayPal. According to the Wall Street Journal, t...
Binance says Signature Bank will introduce $100k transaction limit
Binance said that Signature Bank would only issue crypto transactions worth at least $100,000 starting from Feb. 1, 2023, as reported by Business Standard (BS). Binance said: “One of our fiat banking ...
Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program – Fintech Bitcoin News
The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will ...
Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K
Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signatur...
A small rural bank that Alameda invested $11.5 million in is throwing up its cryptocurrency and marijuana dreams in order to focus on its roots in the neighborhood
Join Our Telegram channel to stay up to date on breaking news coverage As a frontier town, Farmington was formally formed in 1888. The main industry at the time was cattle ranching, although farmers a...
Scammers are out to get your mortgage money and even your home. Here’s how to fight them off.
We’ve all seen the email scams: “This is a genuie request.” “Your lendar has detected an unpaid sum.” “I’m a prince and I need your help.” Digital fraud has become highly sophisticated and, according ...