Banking News

After reiterating the need for crypto regulation in the EU, the ECB is back at it with allegations of price manipulation.

Crypto custodian, BitGo, has been selected by John Ray III, acting CEO at FTX to safeguard FTX's assets amid bankruptcy proceedings.

The retail e-rupee, which will be interoperable with existing payment methods, will be hosted by the National Payments Corporation of India.

Detective Benjamin Dusenbery subpoenaed Silvergate for multiple digital cryptocurrency trading platforms' bank account records and found 10 companies transferring illicit funds.

CZ also suggested that all cryptocurrency exchanges do merkle-tree proof-of-reserves. According to the CEO, fractional reserves are suited to traditional banks and not crypto companies.

As a result of this development, Partior will be able to offer more than eight global currencies as part of its currency offerings

The Innovation Hub of the Bank for International Settlements (BIS) launched its latest project to explore the use of automated market makers to facilitate foreign exchange markets and CBDC payments.

JPMorgan carried out the transaction on Ethereum layer2 network Polygon because of its cheap transaction fees, and leveraged Aave Protocol's permissioned pool concept.

Coinmetro CEO Kevin Murcko shared industry insights on the unusual dynamics between TradFi and crypto employment currently taking place.

SEBA said the custody solution will help clients protect their valuable NFTs without the hassle of managing the private keys.

CEO Kristina Walcker-Mayer said the decision was taken as the company was unable to find a potential acquirer or investors.

Federal Reserve Bank Vice Chair Michael Barr called on Congress to take action and provide an actual strong federal framework that will allow proper regulation of stablecoins.

Cardano founder Charles Hoskinson made the statement in reaction to a picture of Kanye West wearing a cap with a Satoshi Nakamoto inscription after he was de-banked by JPMorgan.

Michael Barr said that although banks are not directly exposed to crypto market losses, the liquidity risks associated with deposit fluctuations may affect their financial stability.

BNY Mellon clients would be able to store the keys to their assets with the bank.

The RBI released a concept paper that outlined its motivation, design choices, and technological considerations for the pilot phase of the CBDC project.

SWIFT Chief Innovation Officer Tom Zschach said that the innovation could help address CBDC's need for interoperability with the existing financial system. 

Bitcoin is holding steady as rumors of banking collapse circulate — some observers see this as the start of cryptocurrencies "decoupling" from legacy finance.