M2 Allows UAE Residents to Trade Bitcoin and Ethereum Using Bank Accounts - bitcoin, m2, bank

M2 Allows UAE Residents to Trade Bitcoin and Ethereum Using Bank Accounts

M2 allows UAE residents to trade Bitcoin and Ethereum using bank accounts. The new integration enables quick adaptation to market changes. Continue Reading:M2 Allows UAE Residents to Trade Bitcoin and

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Bank of Russia eyes full-scale digital ruble launch by next July - bank, launch

Bank of Russia eyes full-scale digital ruble launch by next July

The Bank of Russia is set to launch the digital ruble for widespread use by July 2025, following successful pilot tests. Russia’s central bank, the Bank of Russia, could launch its central bank digita

Denis Omelchenko
Philippines Plans to Introduce Wholesale CBDC by 2029 - bsp, bank, cbdc

Philippines Plans to Introduce Wholesale CBDC by 2029

Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion.

Kevin Helms
CBDC: COTI Selected for Bank of Israel’s Digital Shekel Challenge - cbdc, bank

CBDC: COTI Selected for Bank of Israel’s Digital Shekel Challenge

COTI, along with 14 other fintech firms, has been selected to participate in the Bank of Israel’s Digital Shekel Challenge, which aims to explore the feasibility of a central bank digital currency (CB

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Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi - buy, bank

Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi

The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.

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Nigeria Acts to Defend Naira After Currency Hits New Record Low - bank

Nigeria Acts to Defend Naira After Currency Hits New Record Low

The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users

Terence Zimwara
Coinbase Customers’ Personal Data Exposed in Bank Breach - bank

Coinbase Customers’ Personal Data Exposed in Bank Breach

Earlier this month, a security lapse at a bank used by Coinbase compromised the personal details of over 150 customers.

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Nigeria Acts to Defend Naira After Currency Hits New Record Low - bank

Nigeria Acts to Defend Naira After Currency Hits New Record Low

The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purcha

Terence Zimwara
Hong Kong’s ZA Bank starts offering services to stablecoin issuers - kong, stablecoin, bank

Hong Kong’s ZA Bank starts offering services to stablecoin issuers

Hong Kong-based digital bank ZA Bank is launching reserve banking services for participants of the stablecoin sandbox. Hong Kong‘s digital bank, ZA Bank, is now offering reserve banking services to stablecoin issuers, as the Hong Kong Monetary Author

Denis Omelchenko
Bank of America (BAC) Shines in Q2 with $6.9 Billion Net Income and $0.83 EPS - america, bac, net, eps, bank

Bank of America (BAC) Shines in Q2 with $6.9 Billion Net Income and $0.83 EPS

Bank of America (BAC) reported a robust performance for the second quarter of 2024, with net income reaching $6.9 billion and earnings per diluted share (EPS) at $0.83, slightly lower than the previous year

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Bank of Italy to release crypto guidelines in ‘coming days’ — Governor - bank, crypto

Bank of Italy to release crypto guidelines in ‘coming days’ — Governor

Italy’s central bank will soon share how the country should apply the EU’s MiCA crypto laws, with its governor slamming Bitcoin and Ethereum as “unbacked” cryptocurrencies.

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Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice - justice, fund, bank

Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice

The U.S. Department of Justice says a former bank manager has admitted to stealing over a quarter million dollars from customers to fund his own spending habits. The DOJ says 53-year-old Eric Jason Schouest of Plaquemine, Louisiana, has pleaded guilt

Alex Richardson
Witness in Nigerian trial against Binance accuses platform of contravening Central Bank rules - bank

Witness in Nigerian trial against Binance accuses platform of contravening Central Bank rules

Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), accused Binance of conducting transactions reserved for authorized banks and financial institutions on Friday, according to a local media report. Akinwumi’s accusations wer

Monika Ghosh
Nigerian Central Bank Accuses Binance of Unauthorized Financial Activities - bank

Nigerian Central Bank Accuses Binance of Unauthorized Financial Activities

Nigerian Central Bank accused Binance of unauthorized banking operations. Binance allegedly misled Nigerian users with deceptive promotions.Continue Reading:Nigerian Central Bank Accuses Binance of Unauthorized Financial Activities

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Bank of Canada Survey Shows Canadians Prefer to Use Cash Rather Than Crypto - cash, bank

Bank of Canada Survey Shows Canadians Prefer to Use Cash Rather Than Crypto

In accordance with the sixth Methods-of-Payment (MOP) report by the Bank of Canada, cryptocurrency use is still relatively low in Canada. Even though digital currencies are becoming more and more popular worldwide, many Canadians still prefer to make

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