Stablecoins are becoming an important part of how banks approach digital currencies and blockchain technology. These digital tokens, tied to fiat currencies, offer a way to bridge traditional banking with emerging financial systems. As regulations evolve and customer interest grows,…
Swift to trial blockchain transactions with banks in 2025
The future of banking is shifting, with an increasing focus on digital assets and blockchain technology. As these changes unfold, the role of banks in facilitating digital-asset transactions is becoming more significant, highlighting their need to adapt to the evolving…
9 Major Banks Including BoA, Chase Settle $46 Million Lawsuit Over Market Manipulation
A significant legal battle has reached a turning point as nine of the world’s largest banks have agreed to a substantial settlement, concluding a lengthy lawsuit that accused them of colluding to manipulate a $465.9 trillion market. This landmark case…
Bitcoin ETF Adoption by Hedge Funds and Banks Grows
In recent years, the cryptocurrency market has witnessed a significant development with the introduction of Bitcoin exchange-traded funds (ETFs). This development, known as Bitcoin ETF Adoption, has had a profound impact on the financial landscape. While retail investors have been…
Major Banks Pay $385Billion in Penalties for Fraud, Illegality Since 2000 and its not Crypto – Details explained – Top 10 Worst Offenders
The financial industry plays a crucial role in the global economy, facilitating transactions, providing loans, and offering various financial services. However, the sector has not been immune to instances of fraudulent and illegal activities. Over the years, major banks have…
Apparent Blacklisting of Crypto from Banks Being Investigated by Congress
Heads of three House committees, Patrick McHenry (NC-10) of Financial Services, French Hill (AR-02) of Digital Assets, Financial Technology and Inclusion, and Bill Huizenga (MI-04) of Oversight and Investigations, wrote to the top executives of the Federal Reserve, the FDIC,…
Banks to keep more reserve if they deal with Crypto
The EU Parliament Committee on Economic and Monetary Affairs published a report last week. This crypto-related Draft is to become law as soon as 2024. According to this draft’s author, banks may have to hold 12.5 times more in their…
Cryptocurrency Pitfalls Need to be Mitigated – Whitehouse
In January 2009, Satoshi Nakamoto mined the first Bitcoin (BTC) block. Back then, not a lot of people cared or heard about Bitcoin or Cryptocurrency. It was called magic internet money and was described as a fad. People did not…
BIS Permits Banks to Hold 2% of Their Reserves In Cryptocurrency.
A policy allowing banks to hold 2% of their reserves in cryptocurrencies was recently introduced by the BIS in its Prudential Treatment of Cryptoasset Exposure report for December 2022. Banks to Hold 1% Maximum The policy, which covers a number…
Crypto Exchanges in India Face Resistance from Banks
Over the past few years and most specifically with the CONID-19 pandemic cryptocurrencies have become an increasingly popular mode of investment and trading in India, where Indian youth have become more enthusiastic about it. As the younger generation is more…
How did the USDT laundering case move over $1 billion?
The unsealing of a criminal case in the Eastern District of Virginia has drawn attention to a major usdt laundering case involving Miami-based Jorge Figueira, a national of Venezuela and Spain. Court filings allege he ran a money laundering conspiracy…
Vitalik Buterin Unveils Kohaku: The Game-Changing Privacy Framework Revolutionizing Ethereum Wallets in 2025-2026
Buenos Aires, Argentina – In a highly anticipated keynote at Ethereum Cypherpunk Congress 2 on November 16, Ethereum co-founder Vitalik Buterin introduced Kohaku, a bold new privacy framework designed to make private transactions the default experience for Ethereum wallet users.…
