News with the tag "Crypto Bank"

BitcoinWorld AMINA Bank Reports Astonishing 69% Revenue Growth in Record Year The world of digital assets is constantly evolving, and regulated financial institutions are playing an increasingly crucial role. For those tracking the intersection of traditional finance and cryptocurrencies, the recent...

The Genesis Litigation Oversight Committee (LOC) has launched a new round of legal action targeting Digital Currency Group (DCG), its CEO Barry Silbert, and associated executives. The suits, filed in two separate jurisdictions, aim to reclaim billions of dollars allegedly misappropriated from the cr...

Taurus and Figment announced a partnership to enable institutional staking for major global banks. Crypto staking may soon be coming to major TradFi banks. On Tuesday, April 29, crypto custody company Taurus and staking service Figment partnered to enable banks to easily stake Ethereum (ETH) , Solan...

The Federal Reserve is taking a major step back from monitoring banks’ crypto activities. In a new press release , the regulator says it is withdrawing four previous statements and letters regarding the Fed’s expectations of banking crypto activities. “The Federal Reserve Board on Thursday announced...

The U.S. Federal Reserve has pulled back on rules that previously made it harder for banks to work with cryptocurrencies and stablecoins. In a press release published by the agency on Apr. 24, the Federal Reserve said it will no longer require state member banks to give advance notice before launchi...

Key Takeaways: Victims detail severe losses due to Celsius’ misleading promises. Mashinsky seeks leniency ahead of his May 8 sentencing, despite admitting to fraud. DoJ weighs new rules to prevent unfair payouts in crypto bankruptcies. Federal prosecutors submitted more than 200 victim impact statem...

Europe has emerged as a frontrunner in crypto banking outpacing global powers in the race. Though US President Donald Trump’s crypto policies pose a significant threat to Europe’s monetary autonomy, the continent leads in terms of crypto-friendly banks. Patrick Hansen, an executive at Circle, recent...

Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb. 24 at 3:18 am UTC, noting unauthorized transfers from an Infini-related contract on Ethereum ( ETH ). The h...

South Korea’s financial regulator is making strides in its approach to cryptocurrency by allowing certain organizations and corporations to open bank accounts for crypto transactions, according to latest report. This move, which comes as part of the Financial Services Commission’s (FSC) broader effo...

Federal Reserve chair Jerome Powell told the U.S. Senate that regulators should” take a fresh look” at the crypto debanking debacle. Speaking at a Senate Banking Committee hearing on Feb. 11, Powell said it was time for agencies to reassess reports of crypto businesses being denied access to the U.S...