News with the tag "K Bank"

The South Korean Financial Intelligence Unit has imposed a three-month ban on crypto deposits and withdrawals for new Upbit customers. The South Korean cryptocurrency exchange also emphasized that the ban “may be subject to change” via procedures in accordance with relevant regulations. Upbit iterat...

Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges, including the impairment of its Flowbank investment, ...

Xapo Bank is the first UK bank to offer interest-bearing accounts for Bitcoin and fiat currency. Xapo Bank provides 1% interest on Bitcoin without staking, lending, or locking up assets. The post Xapo Bank Gets UK License for Interest-Bearing Bitcoin Accounts appeared first on Live Bitcoin News .

Revolut secured a UK banking license after a three-year regulatory process, marking a significant milestone in its expansion and solidifying its position in the home market.

The second phase of the Kazakhstan central bank digital currency pilot focused on control of its many potential uses.

Starting May 30, UK digital bank Kroo will ban its customers from conducting crypto transactions. Kroo, a London-based digital bank, has announced that it will no longer allow its customers

Kroo Bank, a London-based challenger bank has barred its customers from carrying out cryptocurrency transactions amid fraud concerns. Kroo says the decision results from the growing number of online fraud cases and cryptocurrency scams, with fraudsters taking advantage of digital assets to dupe unsu...

A New York bank with $113.9 billion in assets is on the brink after revealing its balance sheet is far worse than investors already knew. New York Community Bank (NYCB) initially triggered fears of a wider banking crisis when Moody’s downgraded its credit rating last month due to “multi-faceted fina...

With just a four-day window to go, the U.S. Federal Reserve appears primed to raise the federal funds rate by 25-basis-points (bps) at the forthcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The market presently maintains the conviction that this quarter-point uptick is...

As the financial world reels from rising interest rates, the United Kingdom’s banking sector is making waves by sharing the wealth. The UK’s financial institutions are outpacing their European and American counterparts by passing on increased interest rate benefits to savers, responding positively t...