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Russian Settlements Face Another Blow: U.S. Treasury Hints at Sanctions Against Chinese Banks
17.12.2024
U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and China, which have already suffered due to previous...
NYDFS approves BitLicense for Anchorage Digital subsidiary
16.12.2024
With the addition of Anchorage’s New York arm, the New York financial regulator has approved 34 companies since the BitLicense scheme launched in 2015
Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks
13.12.2024
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions
Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks
13.12.2024
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions
Opening Doors for Banks Under a Trump Administration
11.12.2024
Despite the rapidly evolving relationship between traditional finance and cryptocurrency, significant changes are not just based on market dynamics, but also political factors, says Lucas Schweiger
Crypto Daybook Americas: Banks Favor King Dollar as BTC Tug-of-War Rages
10.12.2024
Your day-ahead look for Dec. 10, 2024
Big Banks vs. Bitcoin: The Battle for Financial Freedom
8.12.2024
For decades, the big banks have had us all on a leash. They control our savings, dictate our loans, and profit off the very money they “lend” us—money they didn’t even have to begin with. If you think about it, it’s an elaborate game of Monopoly where the banker always wins, and...
FDIC asked banks to ‘pause’ crypto activities — Court docs
6.12.2024
Coinbase chief legal officer Paul Grewal claimed the letters provided evidence that an alleged US government attempt to debank firms “wasn’t just some crypto conspiracy theory.”
U.S. Regulator Told Banks to Lay Off Crypto, Letters Obtained by Coinbase Reveal
6.12.2024
Coinbase's Paul Grewal says this is hard evidence proving the industry hasn't been spouting conspiracy theories about being shoved out of U.S. banking
House lawmakers propose studies on AI in financial services, housing
3.12.2024
AI is already impacting mortgage lending and how credit scoring is calculated, US Representative Maxine Waters said as she introduced a new bill in Congress
Marc Andreessen’s Bombshell on Joe Rogan Spurs ‘Debank the Banks’ Discussion
30.11.2024
The momentum from Andreessen Horowitz co-founder Marc Andreesen’s recent revelations about debanking has been unstoppable, sparking a fiery discussion urging people to step away from traditional financial institutions. Debanking Unmasked: Podcast Sparks Wave of Testimonies Against Banks Social...
Central banks favor legacy instant payment systems over CBDCs
29.11.2024
TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions
Ruble Plunges to New 2024 Low After US Imposes Sanctions Targeting Russian Banks
28.11.2024
The Russian ruble weakened after the U.S. imposed new sanctions on Russian banks. Europe Reduces Reliance on Russian Gas The Russian ruble fell to its lowest level since March 2022 after the U.S. imposed sanctions on 50 Russian banks, further disrupting the inflow of foreign currency into...
Largest Digital Bank in Hong Kong to Offer Bitcoin Trading to Retail Users
26.11.2024
ZA Bank combines traditional banking with digital assets to offer cryptocurrency services to retail users. Bitcoin Trading for Retail Customers in Asia Zhong An (ZA) Bank, a digital bank in Hong Kong, has declared that it has become the first bank in Asia to provide retail customers with bitcoin...
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
22.11.2024
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete...
Deutsche Bank’s AI Gamble: Partnership With Aleph Alpha Expected to Boost Innovation
21.11.2024
Deutsche Bank has invested in German artificial intelligence (AI) startup Aleph Alpha. The bank aims to leverage AI for operational efficiency and regulatory compliance. Deutsche Bank: Perfect Partner for AI Innovation Strategy German financial services giant Deutsche Bank has joined artificial...
Influencer Guesses Gensler Will Join Crypto Banks Post SEC Exit
20.11.2024
A provocative tweet from a crypto influencer has sparked a debate, questioning the future career path of SEC…
Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks
16.11.2024
The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong...
Bitcoin’s record highs push big banks’ profits to billions — Report
13.11.2024
As Bitcoin prices soared following the election, big banks are reportedly accruing $1.4 billion from futures contracts
Millions Recovered: DOJ Orders Seized Funds Returned in Failed Bank’s Crypto Scheme
6.11.2024
A judge ordered millions seized in a Kansas crypto fraud scheme be returned to defrauded investors, marking partial relief for victims of the bank collapse. Millions Lost, Millions Returned: DOJ Mandates Restitution for Defrauded Investors The U.S. Department of Justice (DOJ) announced on Monday...