There are some steps to take to earn any of the best bank account bonuses. Getty Images Earn hundreds, even thousands, of dollars for opening a checking or savings account? That’s the promise many ban...
Tag: Bank
Bank of France Head Stresses the Need for Strict Crypto Regulation
Bank of France’s Governor stressed the need for strict regulatory frameworks for crypto firms. Francois Villeroy de Galhau made this statement before the voting of MiCA regulation. The MiCA regulation...
Chief legal officer departs FTX-linked Moonstone Bank
Moonstone Bank chief legal officer Joseph Vincent, a former top banking regulator, has left the financial firm, after being with the bank for just eight months. Vincent joined Moonstone, one of the sm...
Crypto-Focused Bank Silvergate Slashes 40% Workforce, Abandons Several Projects
The FTX collapse has accelerated lay-offs as the sector struggles to weather the incessant turmoil. Crypto-focused bank – Silvergate Capital – has become the latest to slash 40% of its workforce, whic...
Bank of England answers professionals’ questions about upcoming CBDC wallet
Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof-of-concept (PoC) for the Bank of England (BOE) provided questions about the proj...
Bank of France Governor Demands Compulsory Licensing for Crypto Firms
Bitcoin News François Villeroy demanded stricter licensing standards for crypto firms operating in France. France’s central bank head also highlighted the present turmoil in the cryptocurrency market....
France’s top bank official calls for mandatory crypto licensing rules
The governor of France’s central bank has advocated for stricter crypto licensing requirements, Bloomberg News reported Jan. 5. Bank of France governor Francois Villeroy de Galhau told Paris’ financia...
FTX Collapse Triggered $8,100,000,000 in Withdrawals at Crypto-Friendly Bank Silvergate: Report
The high-profile collapse of crypto exchange FTX has reportedly triggered a mass exodus from Silvergate, a crypto-friendly bank. According to a new report by The Wall Street Journal, the disintegratio...
Silvergate Tumbles After FTX Implosion Prompts $8.1 Billion Bank Run
(Bloomberg) — Silvergate Capital Corp. shares plunged after the bank said the crypto industry’s meltdown triggered a run on deposits, prompting the company to sell assets at a steep loss and fir...
Crypto Bank Silvergate Faces $8 B In Customer Withdrawals
According to a report from The Street, crypto-friendly bank Silvergate (SI) retraced on a massive 27% rally following a preliminary quarter result. The financial institution recorded a steep decline i...
Silvergate Capital bank forced to sell assets at loss, fires 40% of staff
Silvergate Capital was forced to sell assets at a loss in order to cover an $8.1 billion bank run. In response to the crisis, Silvergate laid off approximately 200 employees — 40% of its staff — and a...
Silvergate Stock Crashes Nearly 50% As Bank Grapples With Crypto Crisis
Topline Silvergate Capital revealed Thursday a series of worrisome financial metrics—including $8.1 billion in withdrawals near the end of last year—connected to the shocking collapse of its top clien...
Crypto Bank Juno asks customers to sell or self-custody assets, here’s why
Crypto bank Juno asked its customers to either sell or self-custody their crypto assets in the light of its migration of assets to a new custodian. Juno’s decision came as Juno’s current custodian, Wy...
Silvergate (SI) stock crashes 40% in premarket as FTX collapse impacts bank
Silvergate Capital Corp (NYSE: SI) had a run on its accounts when the cryptocurrency exchange FTX went bankrupt, causing the bank to liquidate assets at a significant loss to cover customer withdrawal...
Bank Of Japan Should Study Paul Volcker Era
As Federal Reserve chairman from 1979 to 1987, Paul Volcker took the maxim that a central banker’s role is “take away the punch bowl just as the party gets going” to the extreme. BRENDAN SMIALOWSKI/AF...
One Official Warns Of ‘Costly Error’ If Central Bank Backs Down Too Soon
Topline The Federal Reserve on Wednesday set the stage for additional interest rate hikes in the coming months and revealed officials still aren’t convinced any rate cuts will be necessary this ...
Bank of America Sees at Least 60% Gains in These 2 Stocks — Here’s Why They Could Soar
As 2023 starts gearing up for the long haul, Wall Street is still taking a bearish view of the markets. We’re still dealing with the same headwinds, a combination of stubbornly high inflation, rapidly...
Deutsche Bank stock projections – The Cryptonomist
According to Ames Von Moltke, CFO of Germany’s largest bank, the prediction is confirmed and a bright future is expected for Deutsche Bank. Deutsche Bank stock analysis With a result in line with the...
Bank Of Japan Shocks The Market By Changing Bond Policy
| Getty Images Key Takeaways The Bank of Japan announced a tweak to its interest rate policies, allowing ten-year bond yields to rise. It also announced an increase in its bond-buying program. Overall...
Saxo Bank December 2022 Report
Saxo Bank released its monthly report, which shows the daily average of FX, commodities, Equities, and monthly volume. The list shows a decrease in FX – Daily average and monthly volume compared to th...
Has BOfA Filed For “Bitcoin Bank America” Trademark With USPTO?
Mike Kondoudis, licensed trademark attorney at the USPTO, on Tuesday revealed that someone has filed a trademark for “Bitcoin Bank America” with the U.S. Patent and Trademark Office. The trademark is ...
Federal Bank agencies alert Banks & issue crypto-asset risk highlights
Through an official joint statement, the Federal bank regulatory agencies happened to have cautioned the banking institutions against the key areas involving high-risk factors where the crypto assets ...
Morocco finalized crypto regulatory framework: Central Bank
Morocco may see its first crypto bill introduced “in the following days.” The document is already written by the Central Bank and will be discussed with the industry stakeholders. Late last month, du...
US Regulators Want Crypto to Follow ‘Safe and Sound’ Bank Rules
U.S. financial regulators have issued a joint statement to banks on the risks possessed by the crypto-assets. Will it drive away institutional adoption? Three U.S. regulators, including the Federal Re...
Morocco’s central bank announces draft crypto law
The governor of Bank Al-Maghrib (BAM), Abdellatif Jouahiri, told the media a Moroccan draft crypto law that aims to shield people from the risks associated with cryptocurrency trading is ready. Jouhar...
Syrian Central Bank Devalues Local Currency by Nearly 50% – Economics Bitcoin News
The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank also warned c...
Can ApeCoin holders bank on 2023 as the year of the APE? This data suggests…
Number of unique APE holders continue to grow The NFTs associated with APE witnessed improvements as well In a recent post made by crypto analytics firm Delphi Digital, it was stated that the number o...
Morocco Central Bank Governor Says Crypto Draft Law Now ‘Ready’ – Bitcoin News
A Moroccan draft crypto law, which seeks to protect individuals from the risks associated with crypto trading, is ready and will soon be presented to stakeholders, Abdellatif Jouahiri, the governor of...
How Much Cash Can I Withdraw From My Bank?
How Much Cash Can You Withdraw From Your Bank? Just about every bank puts a limit on how much cash you can withdraw each day. In part, this is a security feature to prevent thieves from cleaning out u...
Disputed Venezuelan Gold Worth $1.8B in Bank of England Vaults Remains Uncertain After Dissolution of Interim Government – News Bitcoin News
The status of the Venezuelan gold currently being held by the Bank of England might fall into regulatory limbo after the dissolution of the interim government of Juan Guaido. The 31 tons of gold have ...