Tag: Banking
Banking uses 56 times more energy than Bitcoin: Valuechain report
Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world's largest c [...]
NatWest Group, BNY Mellon, Barclays and 11
Fourteen large banks have trialled a platform for intraday FX swaps and intraday repo and a subset of so-called ‘Key Participant’ banks are planning [...]
Crypto Banking Rules Now Due This Year From BIS
"The Committee plans to publish another consultation paper over the coming month, with a view to finalizing the prudential treatment around the end of [...]
Former Wyoming Banking Commissioner Goes Web 3
“Figuring out digital asset custody in Wyoming, we reached out to and spoke with the UK’s FCA [Financial Conduct Authority], and countries such as Fin [...]
Crypto Banking Platform BVNK Raises $40M to Drive Regulatory Push
BVNK, a banking and payments platform targeting businesses seeking crypto integration, has raised $40 million in Series A funding.
www.coindesk.com [...]
Stablecoins Need Standard-Setting Effort, U.S. Banking Watchdog Suggests
“To ensure that stablecoins are open and inclusive, I believe a standard setting initiative similar to that undertaken by [the Internet Engineering Ta [...]
Crypto, Cannabis and SAFE Banking
The U.S. Senate continues to deny the cannabis industry access to digital payments and banking, forcing retailers to endure increasingly deadly and mo [...]
German banking giant Commerzbank applies for crypto license
One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a maj [...]
Chinese Banking Associations Target NFTs
China's Internet Financial Association, the China Banking Association and the China Securities Association want to "resolutely curb" the tendencies of [...]
First Mover Asia: What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines
The financial services giant has been short on specifics, and the mystery underscores the difficulties in defining what belongs in such products; ethe [...]
HSBC Starts Metaverse Fund for Private Banking Clients in Asia
The Metaverse Discretionary Strategy aims to capture growth opportunities globally from the development of the metaverse ecosystem.
www.coindesk.com [...]
Mobile banking app Dave scores $100M investment from FTX US
On March 21, mobile banking application Dave announced a partnership with FTX US to provide cryptocurrency payments on the platform. It also announced [...]
FTX Invests $100M in Banking App Dave, Forms Partnership for Crypto Payments
Dave (DAVE), a publicly traded banking app, has made a strategic partnership with FTX US, the stateside arm of cryptocurrency exchange giant FTX. The [...]
Global council adds DeFi banking firm Scallop to help secure payment data
A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking [...]
Rishi Sunak targets Russia with fresh banking sanctions
The measures, co-ordinated with the US and the EU, are designed to cut off Moscow from raising funds.
www.bbc.co.uk [...]