Brazil's Central Bank has selected 13 themes for the second phase of its Central Bank Digital Currency (CBDC) pilot, Drex, focusing on testing financial services through smart contracts managed by third parties.
The Federal Reserve issued a cease and desist order to United Texas Bank (UTB) on Aug. 29, directing it to stop offering crypto services. The order follows an examination concluded by the Federal Reserve Bank of Dallas and the Texas Department of Ban
The Fed has recently flagged serious issues with a Texas bank’s crypto operations. At this point in time,…
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s presid
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
The Federal Reserve issued a cease-and-desist order to United Texas Bank for major compliance deficiencies in anti-money laundering regulations concerning its crypto clients.
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are con
Dallas-based United Texas Bank becomes the latest crypto-friendly bank in the crosshairs of the Federal Reserve.
The Bank of Canada cuts interest rates by 25 basis points as inflation cools. The bank cited cooling inflation pressures and economic growth in line with previous projections. Crypto enthusiasts are keen on the markets as Bitcoin bulls look ahead for
Zurich Cantonal Bank will take on the function of securely storing the private keys for its customers, according to exec Alexandra Scriba.
Zurich Cantonal Bank (ZKB), the biggest cantonal Swiss bank, on Wednesday announced that it is launching Bitcoin and Ethereum crypto offerings. The banking giant revealed in a press release that its customers can now partake in crypto trading 24×7 di
Libya’s central bank governor, Sadiq al-Kabir, has fled the country due to threats and intimidation from armed militias. He claims that these actions are aimed at forcing him and other bank staff to return to work and comply with the interim Prime Mi
The divergent monetary policy paths of the BOJ and the Fed mean potential for yen strength and pain for risk assets, including cryptocurrencies.
A growing number of US banks are accused of routinely misleading customers in a push to pocket billions of dollars. JPMorgan Chase is now facing a proposed class action lawsuit for allegedly shifting customers’ idle cash into accounts with extremely
JPMorgan Chase, Bank of America, Wells Fargo and other US financial giants reportedly failed to stop a scam that wiped out an 85-year-old woman’s life savings. Annette Manes, a widowed social worker, is a victim of a scheme that drained $1.4 million
The Asian Infrastructure Investment Bank (AIIB) has marked a significant milestone by issuing its first blockchain-based bond, raising $300 million.
The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization.
The solution builds on DBS’ multi-year participation in the Monetary Authority of Singapore (MAS)-led Project Orchid.
Journalist Jason Mikula reports Evolve Bank's chief credit officer, corporate controller, and chief lending officer-open banking all left.
TLDR Former Kansas bank CEO Shan Hanes was sentenced to over 24 years in prison for embezzling $47 million in a cryptocurrency scam. Hanes made 11 transfers of bank funds to a crypto wallet involved in a “pig butchering” scheme between May and July 2