After the collapse of Terra (LUNA) and the stablecoin TerraUSD (UST), India’s central bank, the Reserve Bank of India (RBI), has issued a warning to its citizens against investing in the cryptocurrenc...
Tag: Bank
Bank of England Governor Claims Bitcoin Will Fail as Payment Method
Alex Dovbnya Bank of England Governor Andrew Bailey insists Bitcoin has no intrinsic value Bank of England Governor Andrew Bailey has joined the choir of central bankers who have criticized cryptocurr...
Bankers at WEF see the need for caution and speed on central bank digital currencies
The process of introducing a central bank digital currency (CBDC) is fraught with unknowns, some of which were elucidated in a panel of experts gathered Monday at the World Economic Forum in Davos, Sw...
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have bee...
Dow Jones Jumps As Biden Says This On China; JPMorgan Chase Leads Bank Stocks Higher
The Dow Jones Industrial Average rallied on comments by President Joe Biden, with Apple (AAPL) one of the top performers. JPMorgan Chase (JPM) led bank stocks higher after the firm gave bullish guidan...
Protego Trust Bank targets $2 billion valuation after quietly raising $70 million
Protego Trust Bank, a chartered crypto bank advised by Brian Brooks, raised $70 million from a host of crypto heavyweights last year and is now in the early stages of another funding round that would ...
Central Bank Of India Making Negative Stance on Cryptocurrency, Warns Crypto Investments In India
The regulator and Financial bodies worldwide have now turned cautious after experiencing the immense crypto crash and losing a lot of money. The Indian Government by making a negative stance on crypto...
Bank of America is raising its hourly minimum wage to $22 — here’s how many people don’t even come close to pay like that
Bank of America workers are getting a pay bump at the end June when minimum wages climb to $22 as a part of the major bank’s longstanding plan to get its starting rate to $25 by 2025. It’s good news f...
Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act
Benjamin Dalo and Sam Reed also pleaded guilty Two other co-founders have also been ordered to pay $10 million each BitMEX was founded in 2014, the parent company is HDR Global Trading Bitmex prime su...
Is Bitcoin (BTC) a Currency? Sweden’s Central Bank Weighs In on the Largest Crypto Asset
Sveriges Riksbank, Sweden’s central bank, is looking at Bitcoin in an effort to determine whether the largest crypto asset could be considered as a currency. According to Riksbank, Bitcoin must meet t...
Goldman Sachs and Bank of America have very different calls for when stocks will hit bottom
After seven straight weeks of losses, Goldman Sachs is just about ready to call a floor on this rout in equities. In the latest weekly note to investor clients, Goldman‘s chief U.S. equity strat...
Indian Central Bank Head Bashes Crypto After Latest Crash
Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Monday has reaffirmed his negative stance on crypto. RBI had always raised concerns that cryptos will undermine the monetary, financial, and m...
Japanese Bank Sumitomo Mitsui Trust to Establish Digital Asset Custodian: Report
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Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act – Regulation Bitcoin News
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years...
Bank of China reports a trading volume of US$43 mln digital Yuan in the first month
As of May 15, the People’s Bank of China’s local office reported 288 million yuan (US$43 million) in total digital yuan trading volume across 1.576 million transactions in China’s southwestern municip...
Cryptocurrency Is ‘Worthless,’ European Central Bank President Says
Christine Lagarde, president of the European Central Bank, has warned that cryptocurrencies are worthless and should be regulated. The ECB boss believes that regulating the sector will prevent people ...
Vintage 2021 Part 2 – Bordeaux Right Bank
Grapes and sunlight LAURINE GASSIAN (FACEBOOK: LAURINE DLS) This is the second part of a three part article regarding the 2021 vintage in Bordeaux, as well as in other regions of France. The first par...
Vintage 2021 Part 1 – Bordeaux Left Bank
Vineyards in Médoc, Bordeaux, France getty During a visit to the village of Jonzac this spring, a young Bordeaux woman explained to me how to detect overall quality of the past wine vintage. ‘You neve...
European Central Bank president says crypto is worth nothing
Christine Lagarde, the president of the ECB, says that crypto is worth nothing and should be regulated to steer people away from it. Instead, she touts a digital euro as a safer store of value. Accord...
European Central Bank head slams crypto assets says they are ‘worth nothing’
The president of the European Central Bank, Christine Lagarde, has made it quite clear about her position on the value of cryptocurrency assets in a recent interview. Speaking on the Dutch television ...
Bitcoin Is Not Money, Says Swedish Central Bank
Alex Dovbnya Bitcoin has failed as a store of value, a medium of exchange and a unit of account, according to Riksbank In a lengthy Twitter thread, Riksbank, the central bank of Sweden, argues that Bi...
Commonwealth Bank pauses in-app crypto pilot amid market downturn
Former Commodity Futures Trading Commission (CFTC) head and crypto advocate Christopher Giancarlo has taken a seat as the chairman of crypto prediction platform Polymarket’s advisory board. The platfo...
Bitcoin and Ethereum are Not Currencies, States Swedish Central Bank
Riksbank – the central bank of Sweden – has joined a chorus of other monetary authorities in rejecting Bitcoin’s status as “currency”. It argues that cryptocurrencies are poor at serving the three pri...
Australian Bank Halts Plans to Launch Crypto Trading Services Amid Terra Drama
Following the recent Terra LUNA drama, Commonwealth Bank of Australia (CBA) has suspended plans to launch an in-app cryptocurrency trading service, according to reports from The Guardian. Recall that...
Commonwealth Bank puts crypto trading trial on ice as regulators dither
The Commonwealth Bank of Australia (CBA) has put its plans for a second pilot program of crypto trading services on hold indefinitely and cut off access to those in the first round of testing. CBA sen...
A bear-market rally could be lurking, but investors should ‘sell any rips,’ says Bank of America
Despite the extensive losses seen for stock markets so far this year, it’s not over until it’s over — and investors should keep selling into any big rebounds higher. That’s the advice from a team of s...
Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank – Bitcoin News
Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousan...
South African central bank mulls digital rand to streamline cross-border payments
The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. Naidoo said a digital rand could significa...
Australian Largest Bank Halts Rollout of Its Cryptocurrency Trading Service After UST and LUNA Crashed
– Advertisement – Australian Largest Bank Halts Roll Out of Its Cryptocurrency Trading Service After UST and LUNA Crashed The Commonwealth Bank of Australia has halted its in-house crypto...
Australias Commonwealth Bank Halts Crypto Rollout
Commonwealth Bank of Australia (CBA) announced on Thursday that it has paused the rollout of cryptocurrency trading through its banking app amid uncertainty in the market. In November, the largest ban...