Yuri Molchan Three associations regulated by China’s central bank launch initiative to take control of NFT space in China, which excludes using top three cryptos for payment According to Shangha...
Tag: Banks
JPMorgan CEO Jamie Dimon sees ‘storm clouds’ ahead for U.S. economy
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., Dec. 6, 2018. Andrew Harrer | ...
JPM earnings 1Q 2022
JPMorgan Chase said Wednesday that first-quarter profit fell sharply from a year earlier, driven by increased costs for bad loans and market upheaval caused by the Ukraine war. Here are the numbers: A...
Why Crypto Is A Lifeline For Sex Workers Banned By Banks
Crypto ecosystems provide tools and functionalities that collide perfectly with the chaotic world of sex workers. Banks, Mastercard, Visa, PayPal, Square, Circle, Cashapp, Venmo, and many platforms ha...
Crypto plans of banks should be disclosed to FDIC –
Crypto-related exercises should be reported to The U.S. Government Deposit Insurance Corporation (FDIC) Many banks it manages ought to inform the controller of crypto services on offer It intends to ...
European Stocks Drop After Sale of Huge Stakes in German Banks
Fingers are crossed in the expectation of earnings results from major banking giants in the US. On Tuesday morning, European stocks dipped 1.2% after an unknown investor sold large stakes in two Germa...
CBN Sanctions Three Banks For Floating Crypto Regulation
TL;DR Breakdown The Central Bank of Nigeria(CBN) fines three commercial banks for violating its directive on cryptocurrency transactions. The banks sanctioned were Access Bank, Stanbic IBTC Bank, and ...
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...
Banks May Face Competition From CBDCs, Study Suggests
Profit-driven banks may be more interested in seeking wealthy clients, rather than ensuring access to the financial system for the 1.7 billion people who don’t have access, the FSI argued. By al...
Morgan Stanley Says US Could Regulate Stablecoin Issuers Like Banks
Implications for the crypto markets could be far reaching as about 60% of bitcoin and ether exchanges are trades versus a stablecoin, and stablecoin lending has become an important part of centralised...
Russia-Ukraine war means there’ll be no return to normality for Europe
German Chancellor Olaf Scholz, French President Emmanuel Macron and Polish President Andrzej Duda attend a news conference ahead of a Weimar Triangle meeting to discuss the ongoing Ukraine crisis, in ...
FDIC Asks Thousands of Banks to Disclose Crypto Plans – Regulation Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engag...
US banks set for big hit to revenues as dealmaking dries up
The largest US banks are set to report their biggest slowdown in investment banking revenue in years next week, as the dealmaking engine that helped propel Wall Street to record profits last year sput...
Giannis Antetokounmpo Put His Money In 50 Banks Until His Team Owner Taught Him Investing
Milwaukee Bucks champion Giannis Antetokounmpo, 27, is extremely careful about preserving his hard-earned coins and has accounts at 50 different banks containing $250,000, revealed his team’s co-owner...
Banks Are Being Fined By The Nigerian Central Bank For Allowing Cryptocurrency Transactions
The blockchain analytics platform, the continent’s most populated country, also has the highest share of retail users conducting transactions under $10,000. A customer of the United Bank for Afr...
Crypto has possessed a big problem for the banks, Says Cathie Wood
Wood said how much premium financial backers are appearing in or decentralized money could undermine the conventional financial world There’s been a share shift when it comes to loans in DeFi Decentra...
FDIC Sounds Alarm on Crypto in Letter to Banks
The U.S. Federal Deposit Insurance Corporation (FDIC) has written to the banks it supervises, raising concerns over the risks involved in crypto activity. “Crypto-related activities may pose signific...
Nigeria’s Central Bank punishes 3 banks with a $1.9M Penalty for Crypto Transactions
Nigeria’s central bank punished three homebuyers for allowing cryptocurrency transactions. The action is in accordance with the Zenith Financial Institution’s 2021 round, in which the Central Bank of ...
Adult stars turn to crypto after banks cut them off
As traditional financial institutions continue to clamp down on the adult industry, cryptocurrencies are gradually becoming the go-to payment method for sex workers. With this, crypto shows the import...
E-krona could be integrated into banks’ existing systems
Sweden’s national bank on Wednesday delivered another report on the e-krona pilot project The bank concluded Phase 2 technical trials earlier this year The tests have proven that it would be possible ...
FDIC Issues Warning to US Banks, Says Crypto Assets Could Disrupt Traditional Finance System
The Federal Deposit Insurance Corporation (FDIC) is issuing a warning to US banks over the safety of crypto assets. In a new statement, the regulatory agency says that crypto-related activities may po...
FDIC Asks All Banks to Report Crypto Activities
Under Acting Chair Martin Gruenberg, the banking regulator has issued warnings about the potential for the “rapid introduction of … digital asset products into the financial system” to pose systemic r...
US Regulator Requests Banks Report Crypto Activity
The U.S. Federal Deposit Insurance Corporation (FDIC) has requested that banks under its jurisdiction notify it of any crypto-related activities they are engaged in or intend to be engaged in. In a l...
FDIC wants notification on crypto activities across US banks 1
TL; DR Breakdown FDIC wants the bank to notify them of crypto activities The commission will receive a report and issue feedback FDIC wants a transparent regulatory environment The Federal Deposit Ins...
Morgan Stanley unveils family office unit, looking to serve richest of the rich
Jed Finn, Chief Operating Officer for Morgan Stanley Wealth Management and Head of Corporate and Institutional Solutions Source: Morgan Stanley After making inroads managing money for the merely wealt...
Giannis Antetokounmpo Put His Money in 50 Banks Until Bucks Owner Helped Him Invest
(Bloomberg) — Milwaukee Bucks superstar Giannis Antetokounmpo had more banks than letters in his name before Avenue Capital Group founder Marc Lasry stepped in. Most Read from Bloomberg The Nati...
Nigerian Central Bank Sanctions Banks For Enabling Crypto Transfers
The sanctions are a part of CBN’s efforts to discourage cryptocurrency usage and to firmly establish commercial restrictions on cryptocurrency trading. The Central Bank of Nigeria (CBN) has penalized ...
Central Banks Are Bankrupt Says Peter Thiel – Trustnodes
Peter Thiel, the co-founder of PayPal and Palantir, told the tens of thousands attending Bitcoin 2022 in Miami that central banks are bankrupt. “Bitcoin is always the most honest market in the world, ...
Nigeria’s CBN Slams $2m Fines on Four Banks for Crypto Transactions
The Central Bank of Nigeria (CBN) has imposed monetary sanctions of N814.3 million (nearly $2 million) on four commercial banks in the country for permitting cryptocurrency transactions, Bloomberg rep...
Nigeria Fines Four Local Banks for Facilitating Crypto Payments
The Central Bank of Nigeria (CBN) has imposed financial penalties on four commercial banks in the country for facilitating crypto-related transactions, Bloomberg reported on Wednesday. The sanctioned ...
Banks are Still Far Away from Trading Crypto: Genesis CEO
Bitcoin will not receive the same amount of significance from banks any time soon as it has from individual investors, the head of the prime crypto brokerage Genesis Global Trading said. The continued...