The Portuguese central bank, the Banco de Portugal, granted a license to Bison Bank on Thursday that will allow the lender to operate as a virtual asset service provider (VASP). The license will allow...
Tag: Bank
Bank of America details 3 ways Elon Musk’s Twitter takeover bid may end, and one is terrible for shareholders
Just 10 days ago, Elon Musk took what he called at the time a “passive” 9.2% stake in Twitter. Shares of the social media giant soared in response, but that was just the start of the drama as that pas...
Investment Bank Stifel Downgrades Twitter to ‘Sell’ Amid ‘Full-Blown Elon Circus’
Twitter is headed for a “full-blown Elon circus,” investment bank Stifel wrote in a new report as it downgraded the social-media company’s shares to “sell.” The bank issued its updat...
Circle plans to apply for US Bank Charter soon, lauds the OCC for cooperation
Circle Internet Financial Limited has said it is looking to apply for a U.S. bank charter soon, according to a Bloomberg News report. The crypto payments company — the issuer of the USDC stablecoin — ...
Stocks flat as investors weigh mega bank earnings
U.S. stocks fell Thursday to cap another losing week on Wall Street as investors digested a flurry of bank earnings and reeled from more red-hot CPI numbers. The S&P 500 and tech-heavy Nasdaq Comp...
Doug Kass: How Did Bank Stock Investors Get So Clueless?
Travelling with the herd is often harmful to your investment well being. Banks stocks have been among the worst-performing sectors in the last six months. Yet, the vast consensus view was that, in ...
Circle to Apply for Crypto Bank Charter Soon: CEO Jeremy Allaire Circle to Apply for Crypto Bank Charter in ‘Near Future’: CEO Allaire
Circle Internet Financial, the issuer of USDC stablecoin, is planning to apply for a crypto bank license in the US in the near future. According to co-founder and CEO Jeremy Allaire, the company has ...
USDC Issuer Circle Inches Closer to Becoming US Bank Charter
USDC issuer and global payments company Circle continues to edge closer to becoming a charter crypto bank in the United States, Bloomberg reported Thursday. Circle Closer to Becoming a Crypto Bank Cir...
Goldman Sachs Q1 results: Cramer dubs the bank star of the day
Goldman Sachs Group Inc (NYSE: GS) is up roughly 2.0% in the stock market on Thursday after the Wall Street bank reported YoY decline in its profit and revenue, but handily beat the Street estimates. ...
Bank of Canada Using Quantum Computing to Simulate Crypto Adoption Scenarios
The Bank of Canada has become the first G7 country to turn to quantum computing to simulate scenarios where cryptocurrency and fiat currency can coexist. This week, Multiverse Computing, the startup l...
Bank RRR Cut Anticipation Lifts Markets
China Last Night KraneShares Key News Asian equities had a mixed night, as China, Hong Kong, and Japan outperformed. At the same time, India, the Philippines, and Thailand got an early start to the lo...
Circle Doubles Down on Its Crypto Bank Charter Plans for ‘Near Future’
Circle has confirmed that it is on course to securing approval for a bank charter and is already discussing with regulators. Circle Internet Financial Limited has said that it will soon apply for a US...
Stock futures are little changed ahead of major bank earnings Thursday
Stock futures were muted Thursday morning as investors awaited quarterly earnings results from some of the biggest U.S. banks. Dow Jones Industrial Average futures rose 26 points. S&P 500 futures ...
Billionaire entrepreneur Dixon tried to create a people’s bank in 2011 but then he found bitcoin
After a career in banking and finance, serial entrepreneur Simon Dixon became disillusioned with the banking system and tried to create his own fair bank for the people. He was not allowed to do so, b...
Bank of Japan’s CBDC Will Not Be Used to Combat Negative Rates
Japan is experimenting with the possibility of launching a digital version of its currency in a bid to rein in cryptocurrency usage. The latest insights from the central bank have revealed that the ce...
Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists – Finance Bitcoin News
The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed i...
Brazilian Central Bank Exec Says CBDC Pilot to Go Live this Year
Roberto Campos Neto, the President of the Central Bank of Brazil, has confirmed that there will be a pilot testing of the country’s Central Bank Digital Currency (CBDC), dubbed the Digital Real. The p...
Bank expected to report lackluster Q1 results
JPMorgan Chase & Co. (JPM), the largest U.S. bank by assets, is the first among a lineup of mega banks set to unveil first quarter results this week as earnings season kicks off. The company has b...
Bank Of Ghana Raises Concerns Regarding Transactions In Forex
The Bank of Ghana has notified the folks that it is still prohibited to transact in foreign currency without its authorization. In partnership with National Security and Law Enforcement agencies, BOG...
Central Bank Digital Currencies Are About Control – They Should Be Stopped
Photo taken on July 15, 2021 shows the U.S. Federal Reserve in Washington, D.C., the United States. … [+] U.S. Federal Reserve Chair Jerome Powell said on Thursday that he was “legitimatel...
Bank Of America Forecasts A Great Recession That Could Result In Reaching New Heights
The Bank of America (BOA) predicts a huge recession as the FED tightens its grasp on monetary policy, and the U.S economy stumbles under the pressure of increasing inflation. Michael Hartnett, t...
Consensus on CBDC design among central banks not a priority, Bank of Canada says
As central banks around the world explore central bank digital currencies (CBDCs), the Bank of Canada (BOC) is keen to stress that rollout efforts don’t require coordination between nations — an...
Brazilian central bank president confirms CBDC pilot will launch in 2022
The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported. The confirmation about the digital curr...
Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex – Emerging Markets Bitcoin News
The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a ...
Bank Of America Warns of Dire Recession That Could See Cryptos Rocketing to New Highs ⋆ ZyCrypto
Advertisement     As the U.S. economy continues to reel under the pressure of mounting inflation, the Bank of America (BofA) foresees a mammoth recession as the FED mo...
Bank of America Predicts Crypto To Skyrocket Amidst Impending “Recession Shock”
The Bank of America (BofA) strategists predict that the accelerating inflation and a slowing global economy could change the US macroeconomic landscape. BofA Still Bullish On Crypto A Reuters report r...
Brazilian Fintech Stark Bank Secures $45 Million in Investment Round
On Monday, Stark Bank, a Brazilian financial solutions platform, announced that it received a $45 million investment led by Ribbit Capital, Lachy Groom and Bezos Expeditions from Amazon’s founder, Jef...
Bank earnings expected to decline despite boost from Fed rate hikes
Banks will kick off earnings season this week, with first-quarter results due out from a lineup of industry heavyweights led by JPMorgan Chase on Wednesday. The latest quarterly figures are expected t...
London Crypto Custodian Onboards Former Bank of America Executives
An executives team from the Bank of America will run a development unit for Cooper Technologies as the latter wants to build prime brokerage platforms focusing on digital assets, citing enhanced deman...
Bank of England’s top Executive Leaves the Institution to Join the Crypto Custodian Fireblocks
Varun Paul – Head of the Fintech Hub at the Bank of England – parted ways with the institution after spending more than 13 years there. He will take a role at the cryptocurrency security company Fireb...
Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases – Bitcoin News
The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains th...