8 mins ago · 2 min read
Articles about the traditional banking system and its involvement in the crypto industry. Banking has essentially functioned the same way for hundreds of years now without major changes to how the world handles money and trade — cryptocurrencies are trying to change this and evolve how humans trade with each other. Historically, most global banks have been averse to cryptocurrencies but open to the efficiencies that blockchain technology could introduce.
EU traditional banking interest in crypto is going mainstream
A French bank opens digital asset investments for clients with others looking to follow
You can now get a Bitcoin backed mortgage without a credit score
A Miami based lending firm is offering crypto backed mortgages if you have 100% of the value of the home in crypto.
Indian banks seek NPCI’s guidance on using UPI for crypto transactions
The banks are seeking clarity on UPI’s use for crypto transactions after NPCI said it is not aware of any crypto exchange using the payment rail.
Goldman Sachs looking to advise FTX on IPO, regulatory discussions
The CEOs of Goldman Sachs and FTX met in March to address regulatory issues and potential investment rounds.
Bitcoin drops to $40K as FED looks for faster rate hikes
Jay Powell announces an increased pace to raise interest rates leading to a drop in crypto markets
Circle plans to apply for US Bank Charter soon, lauds the OCC for cooperation
Circle CEO Jeremy Allaire is hoping the firm's positive relationship with regulators will help its banking license application when it is finally filed.
Crypto exchange Nexo to launch brokerage for big investors
Crypto exchange Nexo is launching a digital asset brokerage for large investors, corporations, and high-net-worth individuals.
Bank of America: coming “recession shock” possible boon for crypto
In a weekly research note, Bank of America warns of a coming “recession shock” as the Federal Reserve tightens its monetary policy to tame surging inflation. The shock may benefit cash, commodities and cryptocurrencies.
Federal Reserve may purposely force down crypto prices
Former Goldman Sachs Chief Economist thinks the Fed is going to have to shock the market into shedding some of its gains in order to get the markets under control and reduce inflation.
BNY Mellon to become primary custodian for Circle’s USDC stablecoin reserves
America's oldest bank vowed to help Circle build “a stable and resilient financial ecosystem for the future.”
Report: Bank of England is working on crypto regulation framework
The United Kingdom's central bank wants to create “effective public policy frameworks to maintain broader trust and integrity in the financial system.”
HSBC plunges into the metaverse via Sandbox partnership
HSBC has become the first traditional global financial institution to purchase virtual land in the metaverse.
Goldman Sachs looking to expand its crypto-related services
The Wall Street giant already offers its wealthiest clients the option to invest in select cryptocurrencies and is now looking to offer over the counter bilateral crypto options.
Bipartisan bill: Lock down Russia’s gold reserves, U.S. may stop oil imports
A group of senators is introducing a bipartisan bill to prevent Russia from selling its gold reserves. Meanwhile, the U.S. may ban Russian oil imports, without participation of its European allies.
Centralised finance cripples Russia as Visa and Mastercard withdraw from country
Have SWIFT, PayPal, Mastercard and Visa finally exposed the vulnerabilities of centralised finance? Crypto may soon be the only transaction method left in Russia.
Central Banks have been tinkering with digital currencies, and IMF approves
Central Banks all around the world have been working on their own digital currencies. While some are at the verge of launching it, some just started working. Either way, IMF acknowledges the movement and states their support while the society thinks otherwise.
Why Russia can’t use crypto to evade sanctions
Can the Russian regime and elite use crypto to evade sanctions? This is a heated debate among people in crypto, the media and some politicians. The answer according to crypto lawyer Jake Chervinsky is no.