News with the tag "Deposit"

BitcoinWorld Bank of Korea Reveals Ambitious Public Blockchain Plan Big news is brewing in the world of digital finance, and it’s coming straight from the heart of South Korea. The Bank of Korea (BOK), the nation’s central bank, is making waves with its latest exploration into the realm of digital c...

BitcoinWorld HSBC Tokenized Deposit Service Accelerates 24/7 Corporate Payments in Hong Kong In a significant move signaling the growing convergence of traditional finance and digital assets, global banking giant HSBC has officially launched a groundbreaking service for its corporate clients in Hong...

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...

Bitcoin is now setting the stage for what could become a massive bull run. After surging more than 26% since April 9, BTC is trading firmly above the $90K level, regaining key technical ground and shifting market sentiment. Still, caution lingers. Global tensions, particularly around the escalating ...

The Federal Deposit Insurance Corp. will no longer instruct banks to get prior sign-off before they engage in crypto activities — a standard that was set in 2022 and that effectively severed institutions from the digital assets sector as they waited for approvals that never came. The FDIC, which is ...

On-chain data shows a Litecoin whale has made a huge deposit to the cryptocurrency exchange Binance in the past day, a sign that could be bearish for LTC’s price. Binance Has Just Received A Massive Litecoin Inflow According to data from the cryptocurrency transaction tracker service Whale Alert, a ...

President Donald Trump is just about done naming the key figures he's seeking to get into financial regulation posts that will direct the future oversight of the crypto industry, now including lawyer Jonathan Gould as a nominee to run the Office of the Comptroller of the Currency that oversees U.S. ...

The crypto industry can likely look forward to two more agencies falling into line on its digital assets policy aims: the Office of the Comptroller of the Currency, which is one of the chief U.S. banking regulators, and the Consumer Financial Protection Bureau, where the lights are effectively being...

The chief lawyer of U.S. crypto exchange Coinbase (COIN) testified about the abuse of authority from regulators who erected barriers between banks and crypto firms in a hearing of the House Financial Services Committee on Thursday, marking the latest advance in the digital assets industry's reversal...

As U.S. senators prepared to gather for a hearing about U.S. debanking of crypto clients, the interim chief of the Federal Deposit Insurance Corp. said his agency is overhauling its digital assets supervision and revealed more correspondence on Wednesday in which FDIC officials steered banks away fr...