The world’s largest cryptocurrency reached a milestone on Monday, Sept. 12 — Bitcoin (BTC) celebrated 5,000 days of uptime. The network has functioned almost without a hiccup for 13.69 years. In...
Tag: Banks
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is planning on cutting several hundred jobs thi...
Central banks of France and Nigeria join blockchain-oriented Hyperledger Foundation
Blockchain association Hyperledger has recently announced that it was bringing eight new members under its wing, two of which are central banks – la Banque de France (BDF) and the Central Bank of Nige...
Goldman’s (GS) Apple Card business has a surprising subprime problem
The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank of America enjoy repay...
JPMorgan (JPM) fintech deal to acquire Renovite to battle Stripe and Block
The main entrance at JPMorgan’s headquarters in New York City. Erik McGregor | LightRocket | Getty Images JPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off thre...
Bitcoin Opponent Schiff Sells His Bank’s Assets, Earlier He Said He Would Accept BTC But He Didn’t
Yuri Molchan Peter Schiff has sold his bank to U.S. company that plans to expand its use in Puerto Rico Contents Schiff sells bank’s assets Schiff’s bank in legal trouble Vocal Bitcoin opp...
DBS Bank’s 300,000 wealthiest investors to now get access to crypto-based portfolios
Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrencies have been a sensitive topic for several major financial institutions for a while now. The volatility and unspecu...
Bitcoin Opponent Schiff Sells His Bank’s Assets After Agreeing to Take BTC as Payment
Yuri Molchan Peter Schiff has sold his bank to U.S. company that plans to expand its use in Puerto Rico Contents Schiff sells bank’s assets Schiff’s bank in legal trouble Vocal Bitcoin opp...
The most crypto-friendly online banks
The financial system is changing, and some of the most crypto-friendly online banks are working every day so that financial decentralization can be embraced and used by many more users. The goals the...
NSFW stars flirt with crypto after banks shut down cash accounts
NSFW internet stars say they’re relying on crypto to make a living after mainstream finance companies started terminating their accounts. Adult performers believe that corporate America is shunning th...
Commerzbank CEO says lenders are prepared for failing loans risk
The chief executive of one of Germany’s biggest banks, Commerzbank, sought to reassure investors Thursday about the prospect of non-performing loans this winter, saying banks are far better plac...
Watch Christine Lagarde speak after the ECB announces rate hike
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after...
US banks must maintain cautious approach to crypto, says acting OCC head
Michael Hsu, the acting head of the Office of the Comptroller of the Currency (OCC) said during a Banking Policy conference that regulated banks should maintain a “careful and cautious” approach to cr...
Former Deutsche Bank Executive and Ex-OCC Chief Says Crypto Firms Stealing Banks’ Turf: Report
The former head of the Office of the Comptroller of the Currency (OCC) during the Clinton administration reportedly says that crypto firms competing with banks currently have the advantage. According ...
India’s central bank plans CBDC launch in 2022 with help from fintechs, public banks
The Reserve Bank of India (RBI) is engaged in talks with fintech companies and four public sector banks to pilot Central Bank Digital Currency (CBDC) project, with a potential launch planned later in ...
Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says
The $4.3 billion contraction in crypto-related deposits was steeper than estimated but not a surprise, Raymond James said in a report, also on Tuesday. The bank’s growth is not dependent on “digital c...
New Fed banking chief targeting crypto and climate change as top priorities
President Joe Biden will nominate Michael Barr to be the Federal Reserve’s top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions durin...
Four banks that India’s RBI is kicking off CBDC test 1
RBI (Reserve Bank of India) has selected four banks that would help with the pilot test of its CBDC, the digital Rupee. According to several reports, the premier banks want the four public banks to he...
‘Getting away with murder’, former OCC head slams unequal regulations between crypto firms and banks
Former United States Comptroller during President Bill Clinton’s administration and managing partner at Canapi Ventures Eugene Ludwig has suggested that the fintech and cryptocurrency sector poses a t...
RBI to Trial CBDC With the Participation of Public-Sector Banks
58 mins ago | 2 mins read Editors News RBI asked four government-owned banks to participate in the CBDC trial. Recently, the RBI declared that the CBDC will launch in 3 stages. Ahead of the launch of ...
Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs
The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks about a trial run of a central bank digital currency (CBDC), local publication Moneycontrol reported on Se...
How to deal when you’re stressed out about credit card debt
london, uk Peter Muller | Image Source | Getty Images Few things cause more financial distress and anxiety than a large slug of high-interest rate credit card debt. Millions of Americans of all income...
IMF Says Crypto and Central Banks Could Set the Stage for Rich and Diverse Monetary Ecosystem – Here’s How
The International Monetary Fund (IMF) says that collaboration between central banks and crypto technology could create an innovative and efficient monetary ecosystem. In a new report written by execut...
Cannabis Producers Could Use Some Crypto After Snub From Banks
Cannabis and crypto go a long way. They share the same “high” and miseries. Still a taboo in many countries, the U.S. Cannabis industry sees cryptocurrency as its saving grace after being declined by ...
Best Crypto Friendly Banks in the US, UK and Canada
Before we get into the best crypto-friendly banks, let’s first understand what that term means. Cryptocurrencies need banks in order to grow and expand, just like businesses do. For instance, if crypt...
Albanian Banks Shun Bitcoin, Except One – Trustnodes
The beautiful riviera of Albania, decorated this August with an almost tropical, albeit brief, rain sunshine, adds to the reminisces of any expat by reminding cryptonians of almost a decade ago. That ...