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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Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more
This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.
Societe Generale’s Crypto Arm Becomes First Entity to Score France’s DASP License
Societe Generale’s crypto arm – SG Forge – announced acquiring a regulatory license approval as Digital Asset Service Provider from the French Financial Markets Authority (AMF). With it, SG Forge…
Société Générale subsidiary becomes the first fully-licensed crypto provider in France
Forge will have a right to custody digital assets, to purchase and sell them for legal tender, and to trade them against each other.
Ripple CLO says court ruling could encourage banks to adopt XRP: Report
A July 13 court ruling in Ripple’s legal battle with the SEC suggested XRP may not necessarily be a security, a decision which has already made significant waves in the…
National Australia Bank joins crypto exchange boycott, cites ‘scams’
National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams.
Denmark orders Saxo Bank to erase cryptocurrency holdings
DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said.
Miners send millions to exchanges — 5 things to know in Bitcoin this week
Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence.
Federal Reserve’s banking bailouts reach a new weekly high of $103B
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.
Crypto debanking could drive industry underground: Australia Treasury
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams.
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