Banks News
US Futures, Global Stocks Rebound Even As Yields Jump
US equity futures and global stocks are solidly higher to start the new week after a bruising August so far for investors, whose attention n...
Hong Kong’s crypto stance: Execs weigh in on Web3 in the region
The Chinese special administrative region of Hong Kong is aiming to become a leading crypto hub, as the region started to promote the develo...
Uzbekistan banks to issue crypto cards merging TradFi and DeFi
Private banks Kapital Bank and Ravnaq Bank gained approval to issue crypto cards. The crypto cards are meant to integrate traditional bankin...
Uzbekistan permits two banks to issue crypto cards
Two private banks, Kapital Bank and Ravnaq Bank, got approval from the National Agency for Perspective Projects (NAPP) to participate in the...
FDIC and Other Federal Agencies ‘Closely Monitoring’ Banks’ Exposure to Crypto Assets
The Federal Deposit Insurance Corporation (FDIC) says it is working with other federal authorities to keep a close eye on how banks deal wit...
Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report
Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a lea...
FDIC Highlights ‘Novel and Complex’ Crypto Risks in Annual Review
Digital assets pose a unique risk to the financial stability of the United States, according to a report released Monday by the Federal Depo...
CBDCs: The Ultimate Corruption Of Money
Imagine this: It’s payday but before the money reaches your account, someone else has already decided what you’ll spend your money on â€...
SBF jailed, FTX partners under attack: Law Decoded
The FTX affair continues to unravel. Sam Bankman-Fried, the former CEO of the failed crypto exchange, will be held in jail through the end o...
Chainlink — The Trojan Horse to New Liquidity
Cryptocurrency has finally taken the world by storm with a record number of financial institutions applying for ETFs to take advantage of th...
CBDCs – The Ultimate Tool for the Global Economy or a Significant Danger to Financial Stability
At present, a total of 130 nations representing 98% of the global economy have been exploring CBDCs (central bank digital currencies) to dat...
Custodia Bank Now Accepting US Dollar Deposits, Adding Bitcoin Custody
Crypto-friendly bank Custodia announced Friday it’s now accepting dollar deposits—and will soon custody Bitcoin—for customers in selec...