South Korean Hana Bank enters crypto custody business with BitGo
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.
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Federal Reserve issues enforcement action against FTX-linked US bank
Moonstone Bank, which was since renamed Farmington State Bank, received roughly $11.5 from FTX’s sister firm Alameda Research through its holding company in 2022.
Colombia central bank recommends limiting CBDC holdings and spending
Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia.
3 Silvergate C-Suite Executives, Including CEO, Step Down
Earlier this summer, Silvergate Bank was required to submit a detailed liquidation plan following its liquidity crisis caused by the collapse of FTX and other internal issues. The company’s situation…
US bank reveals $170M in crypto holdings: Q2 earnings report
Sofi started offering crypto services even before it became a bank and its banking license might change the way it hodl crypto.
Moody’s Mulls Downgrades For Top U.S. Banks Citing Funding Risks
Big Three credit rating agency Moody’s has downgraded numerous regional banks in the United States due to weak earnings last quarter and sizable unrealized losses, according to the firm’s Monday…
71-Year Old Israeli Lady Who Made 100X on Her BTC Investment Dismisses Lawsuit Against Uncooperating Local Bank
Esther Freeman – a 70-year-old Israeli resident who turned a $3,000 BTC investment into over $320,000 in 2021 – has terminated the legal battle with Bank Hapoalim. The latter was…
Two Thirds of World’s Largest Banks Are Crypto-Friendly: Research
According to recent research by CoinGecko, two-thirds of the 30 biggest global banks by assets under management (AUM) support crypto trading through regulated exchanges. Furthermore, around 74% of the top…
Wall Street Bank Endorses Elizabeth Warren’s Strict Crypto Bill
Well-known crypto critic, Senator Elizabeth Warren, won support from Washington-based banking advocacy group, the Bank Policy Institute (BPI), for newly introduced bipartisan legislation that seeks to regulate the crypto industry…
Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control.
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