News with the tag "bank"

Imprisoned FTX founder Sam Bankman-Fried has been on the move. The former crypto executive was previously incarcerated in Brooklyn’s Metropolitan Detention Center, but Federal Bureau of Prisons (FBOP) data indicates he now resides at FTC Oklahoma City, a transfer center that temporarily houses inmat...

Deutsche Bank has lowered its Tesla price target from $420 to $345, as new estimates show the company’s first-quarter delivery numbers are falling behind. The revision was issued by Edison Yu, who still maintains a buy rating on the stock despite the downgrade. Yu said the new target is 26% higher t...

Bitcoin Magazine FDIC Says Banks Can Engage In Bitcoin And Crypto Without Prior Approval The Federal Deposit Insurance Corporation ( FDIC ) has issued new guidance allowing banks it supervises to engage in bitcoin and crypto activities without seeking pre-approval. This reverses a controversial poli...

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 ...

Russia’s position on cryptocurrencies has undergone a significant shift in recent years, moving from strict opposition to a more nuanced and strategic approach. Once advocating a total ban on digital assets, the Bank of Russia is now proposing a regulatory framework that would permit wealthy individ...

Switzerland’s central bank flatly rejected cryptocurrency for reserves, citing wild price swings, legal fragility, and software flaws as global momentum builds toward digital assets. No Crypto for Now: Swiss Central Bank Rebuffs Digital Assets in Reserve Strategy Swiss National Bank (SNB) Vice Presi...

A billion-dollar bank is warning customers after a cybersecurity breach affecting thousands of customers. In a filing with the Office of the Maine Attorney General, Western Alliance Bank says an unauthorized actor exploited a vulnerability in a third-party file transfer software system it uses. The ...

Three of the biggest banks in the US are revealing what they believe is next for the S&P 500 after the stock market index witnessed a major sell-off to start the year. Starting with JPMorgan Chase, analysts at the largest US bank say they don’t believe tariff-related headlines are the catalyst behin...

In the ever-turbulent world of digital currencies, where fortunes can be made and lost in the blink of an eye, the voice of caution often comes from the traditional financial sector. This time, it’s Elvira Nabiullina, the Governor of the Russian Central Bank , who has once again stepped into the lim...

Australia has laid out a roadmap to regulate and integrate digital assets into its financial system, with a focus on tokenisation, real-world assets (RWAs), and wholesale central bank digital currencies (CBDCs). In a newly released white paper , the Australian Treasury, alongside the Australian Secu...