A version of this post was originally published on TKer.co Deutsche Bank made waves on Tuesday when its economists became the first of the major Wall Street analysts to say the U.S. economy would soon...
Tag: Bank
Swedish Central Bank Concludes Second Phase of e-Krona Pilot, Kickstarts Phase-3
The central bank of Sweden has released a new report on the e-krona pilot project on Wednesday. The report not only marked the conclusion of Phase-2 for the CBDC pilot, but also chalked out the object...
Nigeria’s Central Bank Imposes $1.9M Penalty on 3 Domestic Banks for Crypto Transactions
Nigeria’s central bank has reportedly fined three domestic lenders for allowing transacting in cryptocurrencies. The action is in line with the apex bank’s 2021 circular, where the Central Bank of Nig...
Commonwealth Bank of Australia Faces Regulatory Hurdles in Latest Crypto Services Offering
The first bank in Australia to announce crypto-services is reportedly facing regulatory hurdles. Local reports confirmed today that the Commonwealth Bank of Australia is facing delays to extend new cr...
Bank of England Governor Says Crypto Creates ‘Opportunity for the Downright Criminal’ – Coinotizia
The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask the question ‘Wh...
Bank of England Governor Says Crypto Creates ‘Opportunity for the Downright Criminal’ – Regulation Bitcoin News
The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask the question ‘Wh...
American Bank Taps Bakkt Crypto Connect Solution for New Offerings
Bakkt, the cryptocurrency arm of Intercontinental Exchange (ICE), announced on Wednesday that American Bank had picked the Bakkt crypto connect solution to enable their bank customers to buy, sell and...
Swiss DeFi-First Bank Alternative Fluid Finance SA Joins Forces With Predictive Blockchain Analytics Partner Merkle Science
Fluid Finance SA and Merkle Science announce a partnership to create a seamless on- and off-ramp for digital assets, with compliance and security at the forefront. Fluid Finance offers traditional ban...
Bakkt inks deal to offer bitcoin, ether buys and sells to American Bank customers
American Bank, a community bank headquartered in Allentown, Pennsylvania, has signed a deal with Bakkt in a bid to offer its customers the ability to buy and sell bitcoin and ether. The service is exp...
Vantage Bank Enables More Bitcoin Adoption Through BTC Saving Plans
Texas-based bank Vantage Bank has joined the long list of banking institutions that are embracing Bitcoin and cryptocurrencies as demand for digital assets soars. The bank recently declared its intent...
Vantage Bank to offer staff Bitcoin savings plan in an effort to retain talent
Texas-based Vantage Bank announced plans to offer employees a savings plan where a portion of each paycheck can be saved in Bitcoin. Commenting on this new program, Vantage Bank’s chief of human resou...
Russia’s second biggest bank VTB set for UK collapse
VTB Capital Russia sanctions UK court Ukraine bank – Paul Grover The UK arm of Russia’s second biggest bank VTB is reportedly set to file for administration, becoming the latest victim of wester...
Alpian Digital Private Bank to Launch in Switzerland in Q3 2022
Alpian announced it is planning to to extend its operations to Switzerland in the 3rd quarter of 2022. Alpian is supported by Swiss banking group Reyl & Cie and is offering private banking service...
FX Trading Volume Rises for Saxo Bank, as Equity Trading Falls
Reasons for FX could be regular commerce or tourism. Foreign Exchange trading has turned out to be the most liquid and the largest asset market globally. The rule under FX trading is simple. A trader ...
LCH Adds Commonwealth Bank of Australia as RepoClear’s First Aussie Member
LCH, which is the clearing subsidiary of the London Stock Exchange Group, announced on Wednesday the addition of the Commonwealth Bank of Australia (CBA) as a member, becoming the first Aussie financi...
BitMEX Lays Off 25% Staff after Failing to Acquire German Bank
BitMEX Derivatives Exchange has reportedly cut off 25% of its staff following information shared with employees last week. For a trading platform with about 300 employees, the number of staff layoffs ...
National Bank of Georgia Plans to Regulate Cryptocurrencies
The National Bank of Georgia (NBG) is reportedly planning to regulate the cryptocurrency market in the country, according to its governor, Koba Gvenetadze. The Financial reported that the forthcoming ...
Georgian central bank prepares legislation to regulate the crypto market
Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has alre...
Texas Bank to Add Bitcoin Salary Payments in Employee Savings Program
Tomiwabold Olajide The launch of the new savings program exemplifies the financial evolution of Bitcoin Texas-based Laredo Vantage Bank is planning to offer a new way for their employees to have a Bit...
Major Bank Is First To Forecast A Recession—More Could Follow
Topline An increasing number of Wall Street experts are now forecasting a possible economic downturn on the horizon, with alarms growing louder after the widely-observed yield curve inverted last week...
Saxo Bank Closes March with 35% Higher FX Trading Volume
Saxo Bank has reported a total monthly trading volume of $460.4 billion for March, which is the highest since April 2020. With the latest numbers, the broker closed the first quarter of 2021 with a si...
FinAccel Acquires Majority Stake in Indonesia’s Bank Bisnis
PT FinAccel Teknologi Indonesia, a directly controlled subsidiary of FinAccel Pte Ltd, has recently announced the acquisition of a majority stake in Bank Bisnis, one of the leading financial services ...
China’s Central Bank Adds More Digital Yuan Pilot Cities – Altcoins Bitcoin News
China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users. PBOC Adds...
Bank of England Governor Bailey Sounds Alarm on Crypto Scams
Andrew Bailey, Governor of the Bank of England, has raised concerns that crypto presents opportunities for scammers and criminals, per Bloomberg. “You only have to ask the question: what do people co...
Bank of England Head Says Crypto Is “New Front Line” for Criminal Scams
Alex Dovbnya Bank of England Governor Andrew Bailey has sounded alarm over the growing popularity of cryptocurrencies among scam actors Bank of England Governor Andrew Bailey has taken a jab at crypto...
“Crypto Promotes Innovation, But Also Scams”- Bank Of England Governor
Bank of England (BOE) Governor Andrew Bailey on Monday raises concerns over the rising criminal scams involving crypto in the UK, as well as, worldwide. The regulators are trying to prevent any crypto...
Russia’s War In Ukraine Has Created ‘Potentially Explosive’ Economic Situation, Warns JPMorgan’s Dimon
Topline Russia’s invasion of Ukraine has created an “unprecedented” situation that could create economic turmoil around the world, warned JPMorgan chief executive Jamie Dimon in his annual letter to s...
Singapore’s DBS Bank halts plans to offer retail crypto trading
The CEO of Singapore’s DBS Bank, Piyush Gupta, has said that the bank will not offer cryptocurrency services. The recent statement contradicts what the bank had earlier said about plans to offer crypt...
BitMEX lays off 75 employees after bank acquisition collapses
Crypto exchange BitMEX has laid off about a quarter of its staff globally just days after abandoning plans to acquire a German bank. The company — which is owned by 100x Group — currently employs roug...
Largest Russian bank launches cryptocurrency although it is little use for moving value out of the country
Amidst much trumpeting from US and European financial leaders, cryptocurrencies are again being maligned, this time as vehicles for Russian evasion of sanctions, despite financial experts explaining t...