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  • Market Cap: $2,393,113,562,158.15
  • 24h Vol: $53,365,551,873.29
  • BTC Dominance: 56.55%

banks

lawmaker-flags-concerns-over-sec’s-crypto-approach

Lawmaker Flags Concerns Over SEC’s Crypto Approach

Leave a Comment / banks, Bitcoin, Bitcoin ETFs, Blockchain, Crypto, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, Financial Services, Fintech, French Hill, Gary Gensler, Innovation, Regulation, SEC, Stablecoins / / / , , , , , , , , , , , , ,

Congressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertainty and a politicized approach. The lawmaker highlighted his subcommittee’s legislative successes but expressed frustration with the SEC’s broad and unclear regulations, which he argued burden digital asset […]

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bank-of-england-pushes-for-swift-digital-payment-solutions-as-cash-usage-drops

Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops

Leave a Comment / Bank of England, banks, Bitcoin, BoE, britcoin, cash usage, Cashless Economy, Crypto Hacked, Cryptocurrency, digital payments, England, Ethereum, Interbank payment systems, News Bytes, News Bytes - 2 / / / , , , , , , , , , ,

The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing

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dbs-digital-exchange-sees-3-fold-surge-in-trading-value-—-custodied-crypto-up-80%

DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80%

Leave a Comment / banks, Bitcoin, Crypto, Crypto Hacked, crypto trading volumes, Cryptocurrency, custodized assets, DBS, DBS Digital Exchange, digital exchanges, Ethereum, Finance, Singapore / / / , , , , , , , , ,

DBS, a leading financial services group in Asia, reports a significant increase in the trading value of digital payment tokens on its digital exchange for the first five months of this year. The surge reflects growing institutional interest in digital assets as part of alternative portfolios. “We are studying listing stablecoins on our exchange and

DBS Digital Exchange Sees 3-Fold Surge in Trading Value — Custodied Crypto up 80% Read More »

bahamas-to-mandate-banks-to-distribute-central-bank-digital-currency

Bahamas to Mandate Banks to Distribute Central Bank Digital Currency

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The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented within two years. “We’ve begun to signal that to our

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6-us-banks-face-moody’s-downgrade

6 US Banks Face Moody’s Downgrade

Leave a Comment / banks, Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, downgrades, Ethereum, Moody's, News Bytes, News Bytes - 2 / / / , , , , , , ,

Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the “Big Three” credit rating agencies along with Standard & Poor’s (S&P) and Fitch Ratings, specializes in providing credit ratings, research,

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almost-50-russian-banks-accept-yuan-deposits-amid-low-demand-for-dollar-accounts

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

Leave a Comment / accounts, bank accounts, bank deposits, banks, Bitcoin, Chinese Yuan, Crypto Hacked, Cryptocurrency, deposits, Dollar, Ethereum, Euro, Finance, ruble, Russia, russian, Savings, US Dollar, Yuan / / / , , , , , , , , , , , , , ,

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan

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systemic-swiss-banks-not-ready-for-crisis,-regulator-says

Systemic Swiss Banks Not Ready for Crisis, Regulator Says

Leave a Comment / assessment, Bank, banks, Bitcoin, credit suisse, Crisis, Crypto Hacked, Cryptocurrency, emergency, Ethereum, Finance, finma, plan, Plans, Postfinance, raiffeisen, regulator, report, swiss, Switzerland, UBS, ZKB / / / , , , , , , , , , , , , , , , , ,

Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds

Systemic Swiss Banks Not Ready for Crisis, Regulator Says Read More »

hong-kong’s-largest-virtual-bank-offers-crypto-conversion-services

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

Leave a Comment / accounts, Bank, Banking, banking services, banks, Bitcoin, China, chinese, Chinese Yuan, conversion, Crypto, Crypto Hacked, crypto hub, crypto industry, crypto market, crypto sector, Cryptocurrencies, Cryptocurrency, Dollar, Ethereum, Fiat, Finance, financial center, Hong Kong, Hong Kong Dollar, U.S. dollar, virtual bank, Yuan, ZA Bank / / / , , , , , , , , , , , , , , , , , , , , , , , , ,

ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first

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dollar-to-play-lesser-role-due-to-its-weaponization,-digital-currencies,-economist-jeffrey-sachs-says

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

Leave a Comment / Banking system, banks, Bitcoin, CBDC, CBDCs, Crypto Hacked, Cryptocurrency, Digital Currencies, Digital Currency, Dollar, economics professor, Economist, Ethereum, Finance, Jeffrey Sachs, Payments, renminbi, ruble, rupee, Settlements, U.S., U.S. dollar, U.S. economy, US, US Dollar, world economy, Yuan / / / , , , , , , , , , , , , , , , , , , , , , ,

Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and

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experts-predict-more-bank-failures-in-the-us-following-interest-rate-hike-and-unsettled-banking-crisis

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

Leave a Comment / Assets, Bailouts, balance sheets, bank collapses, Bank crisis, bank failures, bank issues, Banking, banks, Bitcoin, Charles Gasparino, commercial banks, credit, Crypto Hacked, Cryptocurrency, Danielle DiMartino Booth, debt, deposits, Economics, Economy, Ethereum, failures, Federal Reserve, Finance, Financial Crisis, inflation, interest rates, Investments, Investors, lending, liabilities, Losses, Michelle Makori, Portfolio, profits, Quill Intelligence, Recession, Regulation, Regulations, risk, Stability, Stock Market, trading, Wall Street / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth

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