Bitcoin Cryptocurrency Blockchain Adoption ByteWallet Banking CBDC Politics AI Cryptography Conference Culture Celebrities China Computer Books Currency Looking for "Banking" Showing 11-20 of 46 carlp • Sep 15, 2023, 5:43 pm EDT Deutsche Bank Enters the Bitcoin and Crypto Space Deutsche Bank, a financial giant with assets totaling $1.3 trillion, has made a significant announcement regarding its entry into the world of cryptocurrency asset custody services for institutional clients. Teaming up with Swiss crypto firm Taurus, this partnership marks a pivotal moment not only for Deutsche Bank but also for the broader financial industry. While the cryptocurrency markets continue to recover from the bear market turbulence of the past year, including the collapse of major crypto exchanges and substantial investor losses, Deutsche Bank’s decision introduces a new layer of legitimacy to the growing trend of institutional adoption. This move has reignited global debates among policymakers about the urgent need for regulatory frameworks to govern cryptocurrencies and blockchain technology. 2 minutes satoshin • Sep 7, 2023, 4:02 pm EDT Byte Federal, Inc. Expands its Services to Arkansas with New Money Transmitter License Byte Federal, a trailblazer in the fintech industry, is proud to announce its latest achievement: securing a Money Transmitter License in Arkansas, further expanding its reach across the United States. Arkansas becomes the newest addition to the growing list of states benefiting from Byte Federal’s Kiosk network, point of sales system, and ByteWallet App. 2 minutes arusso • Aug 15, 2023, 7:42 pm EDT Europe’s First Spot Bitcoin ETF Officially Lists in Amsterdam A groundbreaking moment unfolds in the realm of cryptocurrency investment as Europe celebrates the official listing of its first-ever Spot Bitcoin ETF on the Amsterdam exchange. This milestone marks a pivotal juncture where traditional finance seamlessly intersects with the dynamic world of digital assets. The launch of this ETF not only signals the growing acceptance of Bitcoin within established financial markets but also provides investors with a regulated and accessible avenue to participate in the crypto market’s potential. 3 minutes johnd • Aug 15, 2023, 6:48 pm EDT Investigating the TSB Bank IT Meltdown: The Bank of England’s Ongoing Inquiry The extensive IT failure at TSB Bank that occurred last year continues to be the subject of a meticulous investigation, as confirmed by Sam Woods, the Bank of England’s Deputy Governor. A Significant Operational Failure In a formal session with the Treasury Select Committee in Parliament this Wednesday, Woods detailed the TSB IT disaster as an “enormous inconvenience” and labelled it as a “very severe operational failing”. This statement highlights the significant impact of the event, which notably strained the bank’s standing and placed substantial stress on its clientele, disrupting services for nearly 2 million customers. Collaborative Examination The Bank 3 minutes johnd • Aug 9, 2023, 6:37 pm EDT Bank of England Creates CBDC Academic Advisory Group The rollout of the CBDC marches on. A few weeks ago we took a look at the possibility of a Britcoin which included cautions expressed by Susie Violet Ward, a financial analyst, who expressed her concerns on NTD’s “British Thought Leaders” programme. Today, the Bank of England, in collaboration with HM Treasury, issued an open call of interest for scholars and researchers to join the newly formed CBDC Academic Advisory Group (AAG). With the ever-evolving financial landscape moving swiftly towards digitization, the AAG aims to be the bedrock of expertise and research, bringing together professionals from diverse fields including monetary policy, behavioural science, 2 minutes carlp • Aug 9, 2023, 5:22 pm EDT Federal Reserve Introduces New Oversight for Stablecoin Activity The Federal Reserve, in its latest attempt to navigate the rapidly evolving digital currency landscape, announced on Tuesday that state banks must now seek approval before they can issue, hold, or transact crypto stablecoin payments. This pivotal directive underscores the growing concern of federal regulators as the world of finance gets increasingly intertwined with complex technological partnerships and blockchain advancements. Stablecoins, a type of cryptocurrency pegged to fiat currencies like the U.S. dollar, have grown in prominence as they offer a semblance of stability compared to the volatile nature of cryptocurrencies such as Bitcoin and Ethereum. Their growing popularity has 2 minutes carlp • Aug 7, 2023, 5:18 pm EDT PayPal Unveils US Dollar-Pegged Stablecoin, PYUSD PayPal, a heavyweight in the fintech sector, unveiled its latest innovation on August 7, a stablecoin coined as PayPal USD (PYUSD). The currency, pegged to the U.S. dollar, marks a major stride for the American fintech firm in its mission to solidify its position in the rapidly evolving cryptocurrency landscape. The launch of PYUSD, issued by Paxos Trust Co., marks a significant shift as PayPal moves from being a mere conduit for digital payments to being a creator of financial assets. It is backed by U.S. dollar deposits, short-term Treasurys, and similar cash equivalents, offering a sense of stability and 3 minutes carlp • Jul 24, 2023, 5:26 pm EDT Profiteers of Destruction: Reconstruction in Ukraine As Ukraine faces the Herculean task of rebuilding from the ruins of war, financial behemoths BlackRock and JPMorgan Chase are poised to transform this adversity into a trillion-dollar golden opportunity, according to recent reports. These corporations, long associated with financing and indirectly prolonging the conflict, have been granted no-bid contracts by the Biden administration to orchestrate the reconstruction, a move reminiscent of Halliburton’s lucrative involvement in Iraq. Under the altruistic guise of a “humanitarian effort,” these financial juggernauts are spearheading the creation of the Ukraine Development Fund, a reconstruction bank designed to channel public seed capital into projects. The aim? 3 minutes satoshin • Jul 21, 2023, 3:42 pm EDT Rising Net Interest Payments: Is the U.S. Economic Stability at Risk? Is the ticking time bomb of rising net interest payments endangering U.S. economic stability? Explore the potential risks and delve into the intricate web of financial consequences as interest burdens grow, shedding light on the challenges that lie ahead for the nation’s fiscal health. 3 minutes johnd • Jul 20, 2023, 8:13 pm EDT Embracing FedNow: Unveiling the Centrally Controlled Instant Payment Infrastructure, a New Era Beyond CBDCs Discover FedNow: A closer look at the centrally controlled instant payment infrastructure poised to transform transactions. Explore its implications beyond CBDCs, as real-time payments redefine the landscape of digital finance. 6 minutes