Crypto.com partners with Deutsche Bank for corporate banking expansion

Crypto.com has partnered with Deutsche Bank to provide corporate banking services in Singapore, Australia, and Hong Kong.  The agreement marks a significant step for Crypto.com, strengthening its banking infrastructure in the Asia-Pacific region and laying the groundwork for potential expansions…

143 +

FV Bank and Visa launch new cards to merge crypto and USD

FV Bank and Visa have partnered to introduce new debit and corporate expense cards, which were announced at Money 20/20 in Las Vegas. FV Bank’s new Visa cards let customers spend fiat and digital assets globally, marking a first in…

124 +

FV Bank integrates with Visa for crypto debit, corporate cards

The cards integrate balances in fiat money, stablecoins and cryptocurrencies held in custody accounts.

13 +

MicroStrategy stock soars 10% as it pursues Bitcoin bank ambitions

MicroStrategy's Bitcoin bank ambitions could reshape financial markets, influencing corporate strategies and potentially driving Bitcoin's mainstream adoption. The post MicroStrategy stock soars 10% as it pursues Bitcoin bank ambitions appeared first on Crypto Briefing.

115 +

Fed orders United Texas Bank to halt crypto services over AML concerns

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 Banking in May 2023, which identified alleged deficiencies in the bank’s corporate governance, […] The post Fed orders United Texas Bank to halt crypto services over AML concerns appeared first on CryptoSlate.

159 +

UAE Central Bank introduces new Stablecoin regulations

The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes while foreign stablecoins will only be permitted for purchasing specific virtual assets like NFTs.

165 +

Germany's Largest Federal Bank LBBW to Offer Crypto Custody Services With Bitpanda

LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024.

75 +

The Biggest Bank Heist in History Is Coming

Regulators are permitting banks to tokenize financial assets such as bank deposits, U.S. Treasuries and corporate debt. But they want institutions to use permissioned networks rather than the decentralized blockchains that keep assets safe from hackers.

209 +

Ex-Celsius CEO Mashinsky's Assets Ordered Frozen by Court as DOJ Case Continues

Corporate bank accounts and a Texas property are now untouchable after the executive’s July arrest

179 +

Russia Accelerates CBDC Launch Efforts, Issues Ruble’s Logo And Fee Rates

Following President Putin’s digital ruble bill endorsement on July 24, the Bank of Russia (BoR) has ramped up its Central Bank Digital Currency (CBDC) launch plans. On August 3, the bank unveiled the corporate identity of the digital ruble.

192 +

Singapore’s DBS Bank Launches Digital Yuan Payment Solution in China

DBS Bank, a leading Singaporean bank in China, has launched a digital yuan merchant collection solution, marking DBSs first client transaction with Chinas digital yuan. This solution allows DBS’s corporate...

141 +

Crypto-friendly DBS Bank launches digital yuan payment tool

Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen.

221 +

Singapore Bank DBS Starts e-CNY Collection Platform for Corporate Clients in China

The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts.

107 +

JP Morgan expands blockchain payment system to include euros

JP Morgan, the U.S.-based investment bank, has widened the scope of its blockchain-oriented payment platform, JPM Coin, to include euro-based transactions for corporate customers.

181 +

Russian Bank Rosbank Pilots Cross-Border Cryptocurrency Transactions with Corporate and Private Clients

245 +

Binance regularly commingled customer funds with corporate revenue in 2020 and 2021: Reuters

Binance commingled user funds with corporate funds in 2020 and 2021, Reuters reported on May 23, citing three anonymous insiders. One of the sources claimed that billions of dollars were commingled in Binance’s accounts with Silvergate Bank, with the commingling occurring on an almost daily basis.

227 +

Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’

A mainstream report citing multiple insiders claimed that Binance mingled customer’s funds with corporate funds at Silvergate Bank.

230 +

BNP Paribas teams up with Bank of China to promote digital yuan usage

The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system.

156 +

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

BNP Paribas' corporate clients will be able to connect to China's e-CNY through a connection to the Bank of China's system.

101 +

Stock Futures Advance Ahead of Big Week for Bank, Corporate Earnings

Coinspeaker Stock Futures Advance Ahead of Big Week for Bank, Corporate Earnings Stock futures in the US climbed as investors brace for a crucial week of quarterly earnings from several large companies across sectors.

252 +

FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say

FTX Digital Markets Ltd. had bank accounts with a balance of $219 million, a report by PriceWaterhouseCoopers said.

108 +

Crypto Could Be Regulated Within The Existing Regulatory Frameworks

In his speech on November 21, 2022, on the topic “Reflections on DeFi, digital currencies and regulation”, at Warwick Business School’s Gilmore Centre Policy Forum Conference on DeFi & Digital Currencies,  the Bank of England’s Deputy Governor for Financial Stability, Sir Jon Cunliffe, said that the general themes of corporate governance, and the quality of […]

287 +

Stablecoin Issuer MakerDAO to Invest $500M in US Treasurys, Corporate Bonds

The transition was initiated by DeFi asset advisor Monetalis and lead by digital asset bank Sygnum.

159 +

MicroStrategy Unit Gets $205M Collateral Loan From Silvergate to Buy Bitcoin

The term loan from Silvergate Bank can also be used for general corporate purposes.

223 +

Saudi British Bank Launches Ripple-Powered USD Settlement Service for Corporate Clients

Saudi British Bank has launched a USD cross-border settlement service powered by Ripple

193 +

Singapore TradFi bank DBS joins Hedera Hashgraph as a council member

DBS Bank, Singapore’s oldest bank, has joined the Hedera governing blockchain council alongside 39 other leading technology, corporate and nonprofit leaders such as Google, IBM, Deutsche Telekom, Boeing, Dentons, and LG Electronics.

222 +

How This Edge Computing Blockchain Project Turns Gameplay into Retirement Plans

Who would have thought it was possible to game one’s way to a retirement plan? Of course, throngs of pro gamers are making big bucks winning tournaments and signing corporate sponsorships, but for the rest of us mere mortals, gaming is an activity that takes money out of our bank accounts, not the reverse. An […]

206 +

Southeast Asia’s Largest Bank (DBS) Sees Increasing Crypto Demand from Corporate Investors and Wealthy Family Funds

DBS Group’s DBS Digital Exchange is “growing very rapidly” and is expected to double the number of clients on the members-only bourse as investors gradually explore cryptocurrencies and digital assets.

191 +

QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases

On Wednesday, the U. S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.

328 +

Is Apple Next to Buy Bitcoin? One Bank Recommends Converting Apple Wallet into a Crypto Exchange

At least 6% of all BTC, more than $50 billion, are already in corporate treasuries, with 19 publicly traded companies holdings just over $5.5 billion BTC. The post Is Apple Next to Buy Bitcoin? One Bank Recommends Converting Apple Wallet into a Crypto Exchange first appeared on BitcoinExchangeGuide.

224 +

Cream Finance leaps into DeFi ‘corporate debt’ with Iron Bank launch

The Iron Bank feature will allow protocols to borrow funds without posting collateral.

246 +

As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains

Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program.

241 +

Bitcoin to ‘Easily’ Hit $60K in 2021, Pressing ECB for Digital Euro, Says German Bank

BayernLB claimed that a combination of bitcoin’s monetary policy, recent halving, and a growing appeal among corporate investors will drive the next bull market. It added that the ECB’s ‘rival’ digital currency would compete with bitcoin only in terms of its infrastructure and user interface.

285 +

Millennials Are Not the Only One Driving “Further Demand” for Bitcoin: JPMorgan

Covering the steepening of cumulative flow trajectory in Grayscale Bitcoin Trust in recent weeks, JPMorgan yet again shared a bullish view on Bitcoin. According to the largest investment bank, Bitcoin's corporate endorsements, such as PayPal, have “propagated further demand” for the digital asset.

276 +

Ripple-Powered Nium Partners with Volopay to Boost Corporate Card Emittance

Ripple partner Nium joins efforts with Volopay fintech to increase scale of issuance of corporate bank cards for companies of all shapes and sizes

167 +

Limitless Bailouts: US Federal Reserve Announces Billion-Dollar Corporate Bond Purchase Program

During the last three months, the U. S. Federal Reserve has created a system of monetary avarice, as the central bank can literally do whatever it wants with zero oversight. The American public recently witnessed the Fed’s announcement on Monday, which explained the central bank will be buying individual corporate bonds on a regular basis.

285 +

Top UN Blockchain Expert Believes Digital Currencies And CBDC’s Pose a Threat To Bank Accounts

Massimo Buonomo, a United Nations global blockchain and fintech expert, said the rising development of CBDCs and the low interest (negative) rates offered in commercial bank accounts may act as a catalyst to make corporate bank accounts obsolete.

358 +

Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

The bank has signed up to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.

177 +

UAE: National Bank of Fujairah Adopts RippleNet for Cross-Border Payments

The UAE’s corporate bank, National Bank of Fujairah (NBF) has joined RippleNet, a global payments network to make easy and seamless cross border payments to India. Also, the corporate bank will use the blockchain-based payments network to send and track international payments in real-time, according to a Ledger Insights report on March 3, 2020.

294 +

Cashaa crypto bank wallet app adds support for EU IBAN accounts

Cashaa, a crypto-friendly banking wallet platform, today announced that euro IBANs will be available to corporate entities from February 20th, 2020. EU current accounts are an alternative to Euro-denominated bank accounts.

196 +

Russian Central Bank Tests New Kinds of Stablecoins

Coinspeaker Russian Central Bank Tests New Kinds of StablecoinsThe Russian Central Bank is working with corporate entities in implementing its digital currency - stablecoins backed by real assets.Russian Central Bank Tests New Kinds of Stablecoins

189 +

Deutsche Bank: криптовалюта — это наличные XXI века

Криптовалюта в конечном итоге может заменить наличные деньги — к такому выводу пришли специалисты Deutsche Bank в своем исследовании «Imagine 2030» («Представь себе 2030 год»). How do you imagine 2030? We predict the end of plastic credit cards, the end of high profit margins, and the end of low corporate tax rates.

247 +

Survey: 58% of German Banks Charge Negative Interest Rates

Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients.

249 +

60% Of German Banks’ Charge Negative Interest Rates, ECB Says It Could Give Rise To ‘Bigger Risks’

Nearly 60% of German banks are charging negative interest rates from corporate clients on deposits while 23% are doing the same for retail customers, revealed a survey by the German central bank. Two weeks after the European Central Bank cut interest rates deeper into negative territory, from minus 0.4% to minus 0.5% in mid-September, the […]

398 +

Focus Shifts to Bitcoin (BTC) as HSBC Closes an Account Linked to Hong Kong Protestor Funding

In a bid to protect the Crypto market, HSBC shutters an account that is alleged to have been used to fund protestors in Hong Kong. This is according to a recent release by the Hong Kong Economic Journal dated November 18.

236 +

Central Bank Blockchains and Corporate Ledgers Are Still Vaporware

There’s been a resurgence of blockchain discussion this year, especially after China’s President Xi Jinping lauded blockchain and told Chinese citizens the country needs to accelerate distributed ledger technology development.

220 +

Indian Finance Minister: Many countries caution against rushing into cryptocurrencies

According to a recent report, Indian Minister of Finance and Corporate Affairs, Nirmala Sitharaman said that many countries had advised against rushing into cryptocurrency while addressing questions on Facebook’s Libra during the annual meeting of the International Monetary Fund and the World Bank.

248 +

Coinbase Receives E-Money License From the Central Bank of Ireland

Coinbase has secured a new legal foothold in Europe. The San Francisco-based cryptocurrency exchange has received an e-money license from the Bank of Ireland, which it can potentially use to continuing serving its customers across the continent, in case Brexit causes any disruptions.

296 +

Bank of Ireland staff asked to testify in $300M OneCoin fraud case

As the multi-billion dollar OneCoin cryptocurrency pyramid scheme continues to tumble, news of witnesses set to testify against the scam’s perpetrators are now coming to light. According to Finance Feeds, employees of the Bank of Ireland have been asked to testify in the case against Mark Scott, one of the alleged figureheads of the $3 billion-plus OneCoin scam.

342 +