Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey.
ES Pablo Hernández de Cos has called for digital euro implementation and helped put in place global crypto banking rules.
JPMorgan has developed instant dollar-euro settlements using its Kinexys blockchain, with the new feature slated to go live in the coming months. According to a Bloomberg News report, the bank will leverage its proprietary JPM Coin to facilitate fast, secure transactions for participating institutions. Once regulatory approvals are obtained, JPMorgan plans to add sterling transactions to […]
The post JPMorgan to launch instant euro-dollar conversions on its blockchain appeared first on CryptoSlate.
Swift, the global bank messaging network, announced on Nov. 5 that it has concluded a pilot program to streamline tokenized fund settlement and redemption using fiat currency on its network in collaboration with UBS Asset Management and Chainlink. This initiative aims to link digital asset transactions with existing fiat payment systems, reaching over 11,500 financial […]
The post Swift’s tokenized fund settlement pilot with UBS and Chainlink deemed a success appeared first on CryptoSlate.
German telecom giant Deutsche Telekom has partnered with Germany’s oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options. Per the announcement on Monday, Nov. 4, […]
The post German giants confirm trial to mine Bitcoin with surplus energy to stabilize grid appeared first on CryptoSlate.
Coinbase chief legal officer Paul Grewal said that the crypto exchange has discovered over 20 instances where the Federal Deposit Insurance Corporation (FDIC) asked banks to “pause” or “refrain from providing” or “not proceed” with crypto-related banking services. In an X post, Grewal wrote: “In short, the contents are a shameful example of a government […]
The post The FDIC has told banks to refrain from providing crypto services in over 20 cases, Coinbase finds appeared first on CryptoSlate.
Some Bank of America customers seeing $0 balances noted that their debt is “conveniently” still showing up.
The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.
Institutional crypto custodians like Coinbase offer competing rewards programs.
Revolut has entered a "mobilization stage", designed for new banks to operate with restrictions.
Former US president Donald Trump is rumored to be planning to announce his desire to make Bitcoin a “strategic reserve asset” during an upcoming crypto conference, a move that could significantly impact the digital asset’s global status and value. CryptoSlate reported the potential for this move on July 4 after Bitcoin SoftWar author Jason P Lowery […]
The post Bitcoin as US Reserve Asset: Can Trump do it and what would it mean? appeared first on CryptoSlate.
The Basel Committee on Banking Supervision has officially released its final disclosure framework for banks’ crypto exposures and made targeted amendments to its cryptoasset standards to “tighten the criteria for certain stablecoins to receive a preferential regulatory treatment.” Both standards are slated to come into effect on Jan. 1, 2026. The Committee, part of the Bank for […]
The post Basel Committee releases final disclosure framework for banks’ crypto exposures appeared first on CryptoSlate.
John Wingate of BankSocial and Azeem Khan of Morph tell The Agenda podcast how crypto and blockchain can make the world a better, more equitable place.
Swiss crypto firm Taurus Managing Director Bashir Kazour said traditional financial institutions in the UAE, like banks, are eager to launch digital asset services. Kazour made the statement amid the firm’s new partnership with Zand, the UAE’s first digital bank, to offer digital asset services. Zand to leverage Taurus solutions Through the partnership, Zand will […]
The post UAE banks signal digital asset demand with Taurus, Zand collaboration appeared first on CryptoSlate.
The Bahamas will provide access to its central bank digital currency (CDBC) the “Sand Dollar” through commercial banks to increase adoption, Reuters reported on July 1, citing the country’s central bank governor. Governor of the Central Bank of The Bahamas John Rolle said the country intends to establish the regulations within two years and has […]
The post Bahamas to provide CBDC access via commercial banks appeared first on CryptoSlate.
The Federal Reserve’s leadership seemingly views generative AI as a “super analyst” capable of turbocharging the agency’s work process.
The Bank for International Settlements (BIS) has called on central banks to embrace artificial intelligence (AI) in anticipation of its significant impact on the economy and financial system. In a pre-released chapter of its upcoming Annual Economic Report for 2024, the BIS emphasized that the widespread adoption of AI could affect inflation trends and urged […]
The post BIS urges central banks to adopt AI to mitigate economic and financial risks appeared first on CryptoSlate.
US Congressman Thomas Massie has reintroduced legislation aimed at abolishing the Federal Reserve, a move he says was inspired by a seminal book on Bitcoin. The bill, known as the “Federal Reserve Board Abolition Act,” marks the first attempt in a decade to dismantle the nation’s central banking system. It was introduced by Massie in […]
The post Congressman Massie says support for legislation to abolish Federal Reserve has grown 10x appeared first on CryptoSlate.
BitMEX co-founder Arthur Hayes believes the recent policy shifts by global central banks herald the start of a significant bull market for Bitcoin and high-potential altcoins. In his latest blog post, “Group of Fools,” Hayes articulated how these changes in monetary policy create a fertile ground for the crypto market’s growth. Hayes highlighted the recent […]
The post Arthur Hayes predicts impending bull run for Bitcoin as G7 central banks start easing policy appeared first on CryptoSlate.
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
Crypto broker Bitpanda will use Deutsche Bank to handle customer deposits and withdrawals. Bitpanda announced the partnership in a June 4 blog post, adding that Deutsche Bank will provide real-time payment services to Bitpanda users. Deutsche Bank will also provide Bitpanda’s German users with local international bank account numbers (IBANs) for deposits. Bitpanda cited the […]
The post Bitpanda turns to Deutsch Bank to handle customer deposits and withdrawals appeared first on CryptoSlate.
Blockchain analytical platform Nansen said Singapore’s largest bank, DBS, is an Ethereum whale after identifying a wallet purportedly belonging to the financial institution. In a May 30 social media post, Nansen claimed DBS holds approximately 173,753 ETH, valued at $648 million, in the wallet address “0x9e927c02c9eadae63f5efb0dd818943c7262fb8e.” It added that the bank had made over $200 […]
The post Singapore bank DBS in top 40 Ethereum holders with $648 million stash, Nansen finds appeared first on CryptoSlate.
Deutsche Bank AG has announced its strategic push into blockchain technology as a potential remedy for the margin compression challenges facing the financial services industry, Bloomberg News reported on May 29. The German banking giant is participating in Singapore’s Project Guardian, an initiative led by the Monetary Authority of Singapore, which aims to harness the […]
The post Deutsche Bank sees blockchain as key to tackling margin compression appeared first on CryptoSlate.
The partnership between the significant banking giants in the US and Mastercard is aimed at streamlining multiple asset-class settlements on a shared ledger platform.
Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital currencies (CBDCs). Speaking at a high-level panel during the Bank for International Settlements (BIS) Innovation Summit on May 6, Nagel expressed concern over the uncertain […]
The post German central bank president calls for swift adoption of CBDCs to stay competitive. appeared first on CryptoSlate.
Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.
SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally.
Banks continue to raise objections that have already been accounted for in digital euro design, the authors say.
The proposed “Learn and Earn Campaign” on Revolut is aimed at expanding Bonk’s user base by half a million users but still needs approval.
EU-based crypto firms are now subject to guidance from the banking watchdog in its “fight against financial crime.”