Russia to Test Digital Ruble With Banks, Clients
The country's central bank will begin real-world tests of the digital currency with 13 banks and limited clients on...
First Mover Americas: Bitcoin Flirts With $30K as Traders Await CPI
The latest price moves in crypto markets in context for August 9, 2023.
Fed Starts New Program to Oversee Crypto Activity in U.S. Banks
Fresh crypto guidance from the U.S. central bank doesn’t represent a departure from previous policy, but it provides more...
Decentralized Finance (DeFi): The New Acceptance Process of Banks
Decentralized finance (DeFi) is a new financial technology based on secure distributed ledgers like cryptocurrencies.
Fed’s Rate Hike Cycle Has Peaked, Investment Banks Say
The end of the tightening cycle, however, does not necessarily imply a quick pivot toward zero interest rate policy,...
Coinbase Bears Doubt Stock Can Rise Even After Beating Wall Street’s Estimates
It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an...
Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight
Anchorage Digital stands alone as the only OCC-chartered crypto bank after other efforts have fizzled out or been withdrawn.
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
Though the industry legislation has reached unprecedented heights, the wins may be too messy to open a path to...
Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor
The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed.
Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report
Jeju, Busan and Incheon are in the running to be considered.
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto...
Danger Bells in the European Banking Sector: 3 Banks Failed the Stress Test!
The European Union Banking Authority shared the results of the stress test conducted to test the resilience of banks...
Bank Policy Institute adopts Elizabeth Warren’s crypto law
Wall Street Bank passed Senator Elizabeth Warren's crypto law, which it described as "hard".
Sam Bankman-Fried Maybe Hasn’t Escaped Campaign Finance Charges
The Department of Justice pulled one charge, but it's still pursuing seven for trial this October – and another...
Bitcoin Steady Above $29K, Bond Yields Rise As BOJ Makes Yield Curve Control More Flexible
BOJ announced a proper yield curve control tweak with semantics that camouflaged the hawkish move.
Private Banking Firm With $14B Assets Starts First Crypto Fund of Spain
The fund will be accessible to professional investors only and will be audited by PwC.