Banking News
ECB, Canada Cut Interest Rates, Arthur Hayes Says This Could Jump-Start Crypto Market
While many had high hopes for several US interest rate cuts in 2024, we are yet to see any such cuts. Meanwhile, Canada and the European Uni...
US Lenders on the Brink of Insolvency, How It Could Affect Crypto
Ahhh, banks. Once the arch-nemesis of crypto, these financial institutions have been softening their stances to become more of a secondary a...
Singapore’s Multinational Bank DBS Denies Holding $650 Million in ETH, Following Nansen Post
The crypto hype machine experienced another glitch this week as on-chain data analytics platform Nansen erroneously raised hopes that Singap...
British Fintech Giant Revolut Eyes APAC Expansion as Australian Spending Soars
It’s been a positive start to 2024, with several key financial institutions entering the crypto scene. British payment goliaths Revolut ha...
China Cracks Down On $1.9 Billion Underground Bank Using USDT For Foreign Exchanges
The Chinese hardline stance on cryptocurrency transactions has yet again come to the fore, with a prolific black market institution being di...
Binance Founder CZ Sentenced to Four Months in Prison
The ongoing Binance saga may finally be drawing to a close, with founder Changpeng Zhao (CZ) officially sentenced to four months in prison. ...
Speculation Heats Up as Morgan Stanley, UBS Race to Become First Bitcoin ETF Bank
Banks and Bitcoin together at last? For years, banks tried to convince us all that Bitcoin was the bogeyman. It makes sense why – cryptocu...
SWIFT to Launch CBDC Platform Following Successful Experiment
The wave of digital currencies can’t be stopped. Although the United States has explicitly stated they aren’t interested in a central ba...
Core Scientific explains its latest bankruptcy plan ahead of court date
miner Core Scientific has released a presentation outlining its plans to emerge from bankruptcy in early January 2024. The presentation is b...
Withdrawal Process Opens for Select Celsius Customers
The United States Bankruptcy Court for the Southern District of New York has specified the process through which customers of the defunct cr...
Swiss crypto bank Seba rebrands to Amina amid global expansion
Major Swiss cryptocurrency-enabled bank Seba is changing its name amid growing ambitions to expand its trading services worldwide. Seba Bank...
Commerzbank Becomes First German Full-Service Bank to Get Crypto License
Frankfurt-based Commerzbank AG has received approval from German regulators to run a crypto custody business. According to a statement relea...