Banks News
Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse
Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to inef...
Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets
The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a si...
JP Morgan’s Retail Bank Chase to Stop UK Customers from Making Crypto Transactions
JPMorgan’s UK-based retail bank, Chase, will prohibit its customers from conducting cryptocurrency transactions starting October 16.&n...
Stablecoins Could be Source of Financial Instability, New US Fed Report Suggests
In a recently published report by the United States Federal Reserve (Fed), titled “Runs and Flights to Safety: Are Stablecoins the New Mon...
One of UK’s Biggest Banks Bans Crypto Payments
JPMorgan’s Chase UK bank will prohibit crypto payments from Oct. 16 amid a growing wave of scams targeting UK consumers. The company will ...
Beyond Banks: Crypto Natives and the Rise of Real-World Asset Tokenisation
Real-world asset tokenisation has been heralded as the intersection between decentralised and traditional finance. The first sprouts of RWA ...
Banks Encounter Complex Challenges in Blockchain Adoption: Chainlink Co-founder
In a recent interview, Sergey Nazarov, co-founder of Chainlink, highlighted that banks, in contrast to startups, didn’t initiate their jou...
Do CBDCs (Central Bank Digital Currencies) Threaten Bitcoin
The invention of Bitcoin was a technological breakthrough that disrupted the status quo. When Bitcoin was first created, central banks thoug...
Chainlink Creator Sergey Nazarov Says Value From TradFi Can Now Flow Into Public Blockchain Industry
Sergey Nazarov, creator of Chainlink (LINK), says recent experiments have proved that banks and traditional financial institutions can now c...
Hong Kong Edges Closer to Regulatory Framework for Stablecoin, Lawmaker Says
While China’s regime harbors a fierce hostility toward cryptocurrency, the government of Hong Kong appears to be going in the other direct...
Crypto Firms, Banks Asked to Discuss UK Debanking, Regulator Says
The U.K.’s Financial Conduct Authority says it facilitated discussions between banks and crypto firms that have been struggling to acc...
Tokenising Real World Assets: ANZ Teams Up with Chainlink in Stablecoin Test Round
‘Big Four’ bank, Australia and New Zealand Banking Group Limited (ANZ) has entered into a partnership with the decentralized blo...