According to a Bloomberg report, the biggest cryptocurrency exchange, Binance, has announced that Signature Bank would no longer process customer transactions worth less than $100,000 as the bank redu...
Tag: Bank
Moonstone Bank To Bow Out Of Crypto Following FTX Demise
Join Our Telegram channel to stay up to date on breaking news coverage Moonstone Bank has announced that it will leave the cryptocurrency sector and focus on being a community bank. Moonstone is a ban...
Signature Bank reducing crypto exposure, Binance clients transferring less than $100,000 to be impacted
Binance, one of the world’s largest cryptocurrency exchanges, announced that the New York-based Signature Bank would handle transactions from its users only if it exceeds $100,000. This move comes as ...
Crypto bank Silvergate reveals $2.5M exposure to Genesis
Silvergate Capital, the parent company of Silvergate Bank, revealed limited exposure to Genesis Global Capital in a press release published on Jan. 20. Silvergate said it had less than $2.5 million de...
CBDCs Are the Future of Central Bank Money but They Are Still Not Ready – Fintech Bitcoin News
A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as o...
FTX-Associated Crypto Bank Moonstone Announces Exit from Crypto Space
Moonstone Bank said that after exiting from the crypto space, it will go back to its original format of being a community bank with major rebranding. The contagion of the collapse of the crypto exchan...
The Bank for International Settlements Introduces the DeFi Stack Reference
In a recent working paper, the Bank for International Settlements (BIS) examined the inner workings of decentralised finance (DeFi) and created the DeFi stack reference (DSR) model to highlight the ca...
Lee Anderson Using Katy To Justify Food Bank Row Is Stomach-Turning
The UK’s “food bank row” has been heating up between the Conservative and Labour party for many … [+] months (Photo by Jeff J Mitchell/Getty Images) Getty Images Tory MP Lee An...
FTX-linked Moonstone bank to exit the crypto space
Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, says that it will be exiting the crypto space and returni...
Moonstone Bank to Exit Crypto Space
Moonstone Bank, a rural bank in the state of Washington that was given an estimated $11.5 million investment by Alameda Research, the sister firm of FTX, has announced that it will withdraw from the c...
Moonstone Bank announces exit from crypto space
One of the financial institutions that did business with Sam Bankman-Fried’s empire, Moonstone Bank, is rebranding itself, getting out of crypto and refocusing on its original customer base. Moonstone...
M&T Bank (MTB) surprises holders — Can 2023 banking trends push prices to $200?
M&t Bank announced its earnings; surprises holders. The 2023 banking trends seem exciting. Fed rates may pose a problem. M&T Bank Corp (NYSE: MTB) stock price soared 5.5% after the bank announ...
China’s Central Bank Digital Currency (CBDC)
Improvements have been implemented into China’s Central Bank Digital Currency (CBDC), often known as the digital yuan or eCNY. These upgrades have given the digital yuan the ability to participa...
Genesis Files for Bankruptcy, Has $150 Million In the Bank
Digital currency brokerage Genesis announced that it filed for Chapter 11 bankruptcy late Thursday. “An in-court restructuring presents the most effective avenue through which to preserve assets...
National Australia Bank to Launch Ethereum-Based Stablecoin
National Australia Bank (NAB), one of Australia’s “Big 4” banks, is getting ready to launch an Australian dollar-pegged stablecoin on the Ethereum network. This coin will be backed b...
The Bank Of Spain Has Launched The Test Of A Euro-Backed Stablecoin EURM
Jan 20, 2023 at 09:30 // News The Bank of Spain has announced that it has begun testing the EURO backed stablecoin, called EURM. The new digital euro is based on the Ethereum and Polygon blockchain ne...
Why Bank Of Japan Needs A Female Leader
Yuri Okina tops shortlists of potential female candidates to replace Haruhiko Kuroda as Bank of Japan governor. Akio Kon/Bloomberg Over the next few weeks, Tokyo financial circles will buzz with intri...
Crypto-Backer Silvergate Bank Slips To $1 Billion Loss –
Join Our Telegram channel to stay up to date on breaking news coverage Silvergate Capital Corp reported a net loss of $1 billion in Q2 of 2022 after a revelation earlier in January that investors shak...
Moonstone Bank to Refocus on Community Bank Role, Exit Crypto Space
FARMINGTON, Wash.–(BUSINESS WIRE)–Farmington State Bank, d/b/a Moonstone Bank, announced today that the bank is returning to its original mission as a community bank and is discontinuing its pursuit o...
National Australia Bank to Launch Stablecoin Backed by the AUD
National Australia Bank (NAB) is set to launch a stablecoin pegged against the Australian dollar (AUD) on Ethereum and Algorand, which will launch in mid-2023. NAB will become the second “Big 4” Austr...
Australia’s ‘Big Four’ Bank NBA To Mint Stablecoin On Ethereum, Algorand ⋆ ZyCrypto
Advertisement     One of the four biggest banks in Australia, the National Australia Bank (NAB), has announced that it will soon roll out a new Australian dollar-pegge...
Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN...
Jim Cramer blasts ‘dangerous’ $4.3B bailout of crypto bank — here’s how to prepare for a total collapse of crypto confidence
Facing a wave of withdrawals from skittish investors, a crypto-friendly bank is staying solvent thanks to an unusual multibillion-dollar loan — a move Jim Cramer says should knock you off your chair. ...
Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report
The financial sandbox initiative of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro. According to a Jan. 18 report f...
National Australia Bank to Launch Stablecoin on Ethereum, Algorand: Report
Several countries have been planning to explore stablecoins despite the initial reluctance and more recent implosion of Terra. The latest one to jump on the bandwagon is one of Australia’s four larges...
Bank of America customers report ‘disappeared’ money from accounts after Zelle issue
Bank of America customers lit up social media on Wednesday with complaints that Zelle transactions weren’t being processed and money was missing from their accounts. “I almost lost my mind...
East African Community to Decide on Regional Central Bank Launch in 2023 – Africa Bitcoin News
The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter ...
CBDC Is the Future of Money and Payments: Bank of America
Bank of America wants the central banks in developed countries to concentrate on payment productivity. The profits and losses associated with CBDCs rely on the design and issuance. The statement of B...
National Australia Bank creates stablecoin called AUDN: AFR
National Australia Bank (NAB) is launching a fully backed stablecoin called AUDN. The stablecoin will launch on the Ethereum network and Algorand blockchain, a smart contract platform similar to...
Crypto Bank Silvergate Reports Q4 Loss of $1B
Silvergate’s results for the latest quarter were foreshadowed at the start of January when the company said it had $8.1 billion in outflows of customers’ deposits of digital assets during ...
Stablecoins And CBDCs Are The Future Of Money, Bank Of America Says
The continuous growth of stablecoins and cryptocurrency worldwide in terms of recognition and usage has caught the attention of the Bank of America. The second largest bank in the country, the bank’s ...