Search results: banking

Binance announced it has secured new fiat partners for euro services after its former partner cut ties with the exchange last month.

From tech monopolies to the synergy of AI and blockchain, Alex Tapscott, author of “Web3: Charting the Internet’s Next Economic and Cultural Frontier,” dissects the trajectories of the digital landscape.

Stablecoins play a pivotal role as a safe-haven medium of exchange in times of high inflation, writes James Glasscock. But they’re not without risks.

Binance’s euro banking partner, Paysafe Payment Solutions, will stop offering its services for the world’s largest cryptocurrency exchange from Sept. 25.

Bitcoin rose while Ether fell in Thursday afternoon trade in Asia, with declines across most of the other top 10 non-stablecoin cryptocurrencies by market capitalization. Solana’s SOL token was the biggest loser of the day.

Bitcoin dipped below US$29,000 in Friday morning trading in Asia as rate hikes in Europe sent uncertainty to investors. Ether fell below US$1,900.

Bitcoin dropped below US$29,000, while Ether fell below US$1,900 on Monday afternoon in Asia. Binance’s BNB was the only token in the top 10 cryptocurrencies to rise.

Welcome to Market Movers – April 28, 2023 – presented by Megha Chaddah. It’s been a wild week in the world of crypto. From fears of collapsing banks to unsubstantiated rumors crashing the price of Bitcoin briefly, the crypto market has somehow found its footing and recovered by the end of the working week. On […]

From the ashes of Lehman Brothers to this year’s bank failures, Bitcoin has proven itself as a necessary part of the global financial system, writes Mike Belshe, CEO of BitGo.

For long, people could only put cash into a bank account or under the mattress, writes Eric Johnson. Will blockchain technology offer a viable alternative?

Bitcoin rose while Ether and most of the other top 10 non-stablecoin cryptocurrencies fell during afternoon trading in Asia on Monday.

Bitcoin and the other top 10 non-stablecoin cryptocurrencies rose on Monday morning in Asia, as investors diversify amid the ongoing banking turmoil.

As banking contagion worries reignited, Bitcoin traded firmly above US$28,000 for most of the week. Considering that Bitcoin was made for a potential banking crisis, industry experts are eyeing the US$30,000 mark for BTC.

Bitcoin and Ether rose during Asian trading hours on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Litecoin posting the biggest gains.

Bitcoin and Ether rose on Wednesday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Solana and Polygon were the biggest gainers, both rising above 5% in the last 24 hours.

The recent U.S. banks fallout is a stress test for both traditional finance and digital assets but to weather the storm side by side is a powerful opportunity, says Circle Chief Strategy Officer Dante Disparte.

Bitcoin and Ether rose the most in the top 10 non-stablecoin cryptocurrencies by market capitalization on Tuesday afternoon in Asia. Cryptocurrencies have been on a rebound since U.S. regulators took charge of the failures in the banking industry and moved to protect deposits across crypto-linked banks.

As the U.S. tries to head off a bank run, crypto is quickly running out of places to bank with.

Bybit suspended U.S. dollar deposits and withdrawals via wire and bank transfers due to “service outages from a partner.”

Germany said “Godfather” virus generates a fake copy of a banking or crypto app login screen to appropriate a user’s information and steal funds.

The U.S. Federal Reserve, FDIC and the OCC have issued a joint statement to warn banks of the risks with crypto assets.

Institutional adoption of Web3 in finance means getting traditional banks involved, which will in turn reshape the way banks work, says SC Ventures’ Alex Manson.

Where does money fit into the future of the internet? We take a closer look as DBS plans to buy land in the metaverse.

Tokyo-based financial services group Nomura Holdings, Inc., recently announced its new digital asset subsidiary named Laser Digital and respective holding company Laser Digital Holding, which will be active in Switzerland. See related article: Japan’s government approves policy to drive Web 3.0 adoption Fast facts Laser Digital will focus on secondary trading, venture capital and investor […]

India’s financial crime fighting agency has allowed WazirX to resume banking operations after unfreezing its bank accounts, the crypto exchange said on Monday. See related stories: India’s WazirX says it has no-tolerance policy on illegal activities Fast facts WazirX, one of India’s largest crypto exchanges by trading volume, said in a statement that its active […]

The Singapore-based bank said it will buy land in the metaverse to create the ‘DBS BetterWorld’ and build a virtual community.

The U.S  Federal Reserve published what it called “final guidelines” for how crypto banks could be granted “master accounts” that are needed to transact directly with the Fed and the broader global banking system.  See related article: Federal Reserve to taper bond purchases, prompting concerns over BTC impact  Fast facts The Fed referred to these […]

Most banks offer short-term loans for emergency situations. But what about the 1.7 billion adults around the world with no access to banking services? Can blockchain offer an alternative solution? Find out in this Forkast video explainer.  What you’ll learn: How lack of banking infrastructure affects underdeveloped regions. How blockchain can democratize access to banking […]

Blockchain technology is rapidly transforming the finance sector. DBS Bank CEO Piyush Gupta offers an insider’s look at what’s coming next.

Traditional banks are not going away and decentralized finance is here to stay, writes Edan Yago of Sovryn. Here’s how an amalgam of the two can take shape.

The U.S. Senate Banking Committee has sent letters to several stablecoin issuers to inquire about their operational features. Fast facts In a Monday tweet, Ron Hammond, director of government relations at the Blockchain Association, said the stablecoin issuers include Coinbase, Gemini, Circle, Paxos, TrustToken, Centre, Binance U.S. and Tether. “This is likely a sign of […]

While the government signals it is ready to promote the industry, the country’s banks remain unimpressed. ANZ has already settled its de-banking case with Allan Flynn, but as the tribunal with Westpac concluded over the weekend, what should we expect from the outcome?

Chinese find ways around crypto ban meanwhile ANZ settles debanking case

Amid a national conversation on debanking of crypto businesses, one of Australia’s “Big Four” banks — ANZ — has settled a case brought by local exchange operator Allan Flynn, who argued ANZ debanked him due to his occupation in cryptocurrency. Fast facts Flynn, crypto trader and owner of the Australian exchange CanberraBitcoin, announced the settlement […]

Sri Lanka has formed a panel to recommend a regulatory framework covering the growth of digital banking, blockchain and cryptocurrency mining, the government has announced. Fast facts Developing an integrated system of digital banking, blockchain and cryptocurrency mining is crucial for Sri Lanka to keep up with its regional neighbors while expanding international trade, the […]

The standards-setter for banks around the world wants to subject crypto like Bitcoin to higher capital requirements. What do industry players think?

Blockchain provides greater data transparency and security than ever before, but the technology is not immune to cyber attacks and data breaches.

Tie-up between Bitcoin trading platform and fintech firm will allow bank customers to use the cryptocurrency in their accounts. NYDIG, the Bitcoin subsidiary of alternative asset manager Stone Ridge, and fintech heavyweight FIS have joined forces in an industry-first partnership that will allow banks to offer customers the ability to buy, sell and hold Bitcoin […]

From JPM Coin to payments on Ethereum in outer space, JPMorgan’s Onyx division is pushing the blockchain frontiers in traditional banking.

The innovation behind Tandem Bank involves using apps to help its users save money. The “neo-bank” provides all types of traditional services including personal banking, savings accounts, and credit cards. However, their use of emerging technology is what sets it apart from conventional banks, and helps attract users. “Last year we hit 500,000 customers when […]

Jerome Powell assures Senate Committee that a U.S. central bank digital currency is not forthcoming, prioritizing privacy and banking system integrity.

The SEC alleges Binance.US has not fully complied with information requests regarding customer assets.

Dogecoin’s price has soared to $0.11, marking a significant increase and making it one of the top gainers in the cryptocurrency market.

Bonk will join Ethereum-based memecoins such as Dogecoin and Shiba Inu on the platform.

Fusing traditional banking and blockchain, OSL collaborates with UBS to execute Hong Kong’s first transaction of a tokenized warrant on the Ethereum.

Crypto criminals with more than US$3.76 billion in profits may face life in South Korea.

Allied nations impose sanctions on entities allegedly aiding Hamas’ crypto transactions.

A UN report reveals USDT’s growing role in money laundering and underground banking in Southeast Asia

Indian crypto companies flock to Dubai, escaping high local taxes and finding solace in the emirate’s favorable regulatory environment.

Our 21st century economy still rides on old, slow and costly financial rails. Here’s how blockchain technology can build a network of monetary superhighways.

Prosecutors have reportedly identified new suspects after searching nine locations related to JPEX.

The move is part of SC Ventures’ expansion into the United Arab Emirates.

The proposed guidelines will work as a liquidity stress test for stablecoin issuers, according to the EBA.

HSBC’s new service is expected to launch in 2024.

Binance said it aims to onboard the next billion Web3 users with its new wallet.

The joint study aims to create the infrastructure for issuing regulatory-compliant stablecoins for improved cross-border settlement.

The move is part of an Asia Pacific expansion effort by the cryptocurrency custodian.

Binance hits back at CFTC, stating U.S. laws can’t police global crypto operations; claims Binance.US operates separately.

The United States is the region’s top driver of crypto activity.

Tether says it froze US$873,000 in USDT linked to terror activities in Israel and Ukraine. CEO Ardoino stresses crypto’s traceability.

The SOL token rose over 5% in the 24-hour after the partnership was announced.

The luxury car maker said it started accepting crypto payments due to popular demand from its crypto investor customers.

Singapore’s major payment institution license will enable Upbit to continue offering regulated digital asset services while awaiting its full license.

The Australian Department of the Treasury said it will accept feedback on the draft bill by December.

Crypto is “part of the future,” said Melissa Wisner, vice president of crypto risk at Ciphertrace, during her panel discussion at D3 Bahamas.

Top blockchain and crypto news: Gaza tensions, digital tremors, NFTs are not dancing in September, Joe Lubin talks traditional system’s twilight.

JPMorgan’s Onyx blockchain showcased near-instant collateral transfer in BlockRock’s tokenized share transaction with Barclays.

The largest U.S.-based cryptocurrency exchange will be launching more products and services in the Lion City, Coinbase’s Hassan Ahmed says.

Binance’s 2017 initial coin offering (ICO) of its Binance Coin (BNB) reportedly raised less than US$5 million, contrary to the US$15 million claimed by the company and its Chief Executive Officer Changpeng Zhao.  See related article: U.S. SEC denied immediate access to Binance.US software Fast Facts See related article: Binance Japan partners with mega bank […]

Hong Kong Exchanges and Clearing Limited (HKEX) announced on Wednesday that it is implementing a smart contract upgrade to its Connect, a system that bridges Hong Kong and China’s stock markets, to enhance post-trade workflows and reduce settlement risk. See related article: SFC to monitor illegal VATP activities with Hong Kong Police Force Fast Facts […]

At the Token 2049 crypto conference in Singapore held Sept. 13 to 14, Google Cloud’s James Tromans spoke to Forkast about a possible marriage between Webs 2 and 3.

Quantum computers may one day crack the cryptographic algorithms that underpin everything from Bitcoin to digital IDs. What can be done to secure Web3’s future?