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PortuguêsPanamanian lawmakers will start to analyze a draft bill that seeks to regulate cryptocurrencies in the nation. Local deputy (MP) Rolando Rodríguez presented the bill to the Commerce Commission of…
Continue ReadingEditor’s note It may be too late for resolutions and too early for Lent, but lacking any discrete occasion I would still like to give up U.S. political news for…
Continue ReadingDeposits from digital currency customers now make up nearly 16% of total deposits at New York’s Signature Bank. In an earnings call Thursday, Signature revealed that deposits from customers in…
Continue ReadingThe Chinese government hasn’t been too kind to cryptocurrencies in the past years. First, initial coin offerings (ICO) were banned in China in September 2017. Then, following the crackdown on…
Continue ReadingCryptocurrency firms are often a rich source of low-cost deposits for the few banks that openly serve the sector. As such, analysts have paid close attention to non-interest bearing deposit…
Continue ReadingAccording to the Wall Street Journal, a former member of Ripple’s board of advisors directors is likely to become the next Comptroller of the Currency. The report cites insiders “familiar…
Continue ReadingListen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch,” Christian Keroles and Ansel Lindner look back at the events of the last few weeks and put them…
Continue ReadingA Short Introduction To What Influences Money Supply In The Modern Economy It’s undeniable — the world runs on money. This thought is ingrained in all of us and we…
Continue ReadingBrian Brooks, who was named the temporary head of the Office of the Comptroller of the Currency (OCC) last summer, made the announcement official a day after he was rumored…
Continue ReadingCrypto custodian Anchorage has secured conditional approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), making it the first national “digital asset…
Continue ReadingThe departing leader of the United States Office of the Comptroller of the Currency is convinced that the future of finance is blockchain-native, per a conversation with crypto analytics firm…
Continue ReadingIn an opinion piece published in the Financial Times on Tuesday, Acting Comptroller of the Currency Brian Brooks put forward the need to reconfigure banking regulations for an age of…
Continue ReadingDigital asset manager NYDIG is joining forces with banking technology provider Moven to offer plugins for banks that want to launch bitcoin products. “Being able to offer it on our…
Continue Reading01/Nov/2008: A pseudonym of unknown nationality sent an email carrying word of Bitcoin, a peer-to-peer, electronic cash system with no trusted third party. The New York Times 02/Dec/2008: “U.S. Recession…
Continue Reading2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth…
Continue ReadingEight states and the District of Columbia are suing the national bank regulator over a rule change that just came into effect. Per a Jan. 5 filing, New York’s attorney…
Continue ReadingListen To This Episode: “Fed Watch” ended the year with a whirlwind review of central bank monetary policy in 2020. There are lots of pundits who talk about the results…
Continue Reading2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth…
Continue ReadingSingapore-based lending platform Vauld raised $2 million, led by Pantera Capital, to grow into a full crypto bank. Other investors include Coinbase Ventures, LuneX Ventures and individual investors including Robert…
Continue ReadingAs recently as a few months ago, in summer 2020, the world has seen the DeFi boom. The tokens of the projects in the field of decentralized finances demonstrated six-figure…
Continue ReadingA leading association of state banking regulators is trying to put the U.S. national banking regulator in its place on the issue of fintech registration. Per a Dec. 22 filing, the Conference…
Continue ReadingListen To This Episode: The dynamic duo of “Fed Watch” is back in another episode. This time, Christian Keroles and I walk through policy updates from the three major central…
Continue ReadingTraditional banks are now taking the plunge and coming out with crypto-related services. The shift coincides with bitcoin’s price hitting all-time highs in December. Banks may have been looking closely…
Continue ReadingQuontic today announced that it is introducing bitcoin rewards checking, per a release shared with Bitcoin Magazine. According to the release, “Quontic is the first FDIC-insured financial institution in the…
Continue ReadingQueens-based Quontic Bank is slated to become the first FDIC-insured financial institution to launch a bitcoin rewards checking program. Announced Tuesday, the bank plans to launch the product in the…
Continue ReadingBanca Generali, a subsidiary of Italy’s largest insurer, is leading a $14 million investment round in Conio, a crypto wallet provider popular in Italy. A commercial distribution agreement to start…
Continue ReadingBanks are moving into crypto and crypto companies are trying to become banks, so how does it all play out? On this edition of the weekly recap, NLW looks at…
Continue ReadingA U.S. agency that fights financial crime is encouraging financial institutions, ranging from banks to cryptocurrency exchanges, to share customer information with one another to catch wrongdoers. The Financial Crimes…
Continue ReadingIt’s been a busy couple of weeks for Switzerland’s digital asset exchange, SDX. In chronological order (and pardoning the unavoidable alphabet soup): Last week SDX’s parent company, SIX, announced test…
Continue ReadingGoldman Sachs is reportedly one of several financial institutions to sign on to JPMorgan’s custom blockchain service — a sign that more broker-dealers were looking to take advantage of digital…
Continue ReadingPatrick Sells is going from banking cryptocurrency businesses shunned by most financial institutions to pitching crypto-related services to banks that may suddenly be warming to the sector. Sells, the former…
Continue ReadingA digital euro may still be far off but Bank of America is warning it could be bad news for the region’s banking industry if there is mass public acceptance. …
Continue ReadingListen To This Episode: For this episode of Bitcoin Magazine’s Fed Watch, my cohost Christian Keroles and I get into specifics on the plans of the European Central Bank (ECB)…
Continue ReadingAs internet banking comes of age, so too do new ways of stealing funds. That makes cybersecurity central to modern banking, according to David Leach, JPMorgan Chase’s Asia-Pacific head of…
Continue ReadingCrypto payments firm BitPay has filed to become a national bank in the U.S. According to a Dec. 8 legal notice published by the Atlanta Journal-Constitution, BitPay has applied to…
Continue ReadingJesse Powell is used to playing the tougher hand. When he played the card collectibles game Magic: The Gathering with fellow bitcoin OG Roger Ver, Powell picked the decks that…
Continue ReadingLondon’s Standard Chartered bank has gathered a group of crypto exchanges for a new digital asset trading platform tailored to the institutional market, according to two sources familiar with the…
Continue ReadingBBVA, the second-largest bank in Spain, with about $840 billion in assets, is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans.…
Continue ReadingThe U.S. Treasury’s Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared…
Continue ReadingAlfa-Bank, one of the largest private commercial banks in Russia, is exploring blockchain technology in its services for freelancers. According to a Dec. 1 announcement, Alfa-Bank will use blockchain-based applications…
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