Banks – Page 28 – Miami Crypto Coin

US lawmakers request answers from Silvergate over ties to FTX: Report

Post author:MiamiCrypto
Post published:December 6, 2022
Post category:Banks Cryptocurrencies ftx Regulation United States

Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."

Russia’s Sber bank integrates Metamask into its blockchain platform

Post author:MiamiCrypto
Post published:December 1, 2022
Post category:Bank of Russia Banks Cryptocurrencies Metamask Russia Sberbank Tokens

Russia’s largest lender is moving into DeFi and Web3 by integrating its blockchain platform with the Ethereum blockchain.

Tokenized government bonds free up liquidity in traditional financial systems

Post author:MiamiCrypto
Post published:November 28, 2022
Post category:Banks Bonds CBDC Decentralization Finance Financial Services Financial Systems Fintech Goverment Government Israel Payments Stablecoin Technology Tel Aviv Tokens trading Transactions

There are a number of benefits associated with tokenized government bonds, yet adoption may take time.

Putin Calls for International Settlements Based on Blockchain and Digital Currencies

Post author:MiamiCrypto
Post published:November 27, 2022
Post category:Banks Blockchain blockchain technology cross-border payments Crypto crypto payments Cryptocurrencies Cryptocurrency Digital Currencies Digital Currency Distributed Ledgers Finance international settlements restrictions Russia russian Sanctions Ukraine War

Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying…

UK bank Starling bans crypto-related purchases and deposits citing high risk

Post author:MiamiCrypto
Post published:November 24, 2022
Post category:Banks Cryptocurrencies Payments Transactions United Kingdom

Starling has banned its customers from purchasing cryptocurrencies with their bank cards or receiving transfers from crypto merchants.

JP Morgan Registers Trademark For a New Cryptocurrency Wallet

Post author:MiamiCrypto
Post published:November 21, 2022
Post category:AA News Banks Blockchain Adoption Crypto News JP Morgan

This November 21, Michael Kondoudis, U.S. Patent and Trademark Attorney, announced that JP Morgan & Chase Co, the largest bank in the United States and one of the largest financial…

Banks still show interest in digital assets and DeFi amid market chaos

Post author:MiamiCrypto
Post published:November 18, 2022
Post category:Analysis Banking Banks Binance BitStamp BNY Mellon cross-border billing Decentralization Digital Currency Fintech ftx Technology Transactions United States Web3

Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.

FDIC to prioritize crypto risk assessment as banks perform poorly in Q2

Post author:MiamiCrypto
Post published:November 16, 2022
Post category:Banks Senate United States US government

With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.

Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report

Post author:MiamiCrypto
Post published:November 15, 2022
Post category:Bank for International Settlements Banks BIS Bitcoin Bitcoin Price BTC Central Bank Crypto Adoption digital gold report study

The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.

President Biden announces pick for FDIC chair

Post author:MiamiCrypto
Post published:November 14, 2022
Post category:Banks fdic Government Regulation United States

Martin Gruenberg was FDIC acting chair while the agency issued cease and desist orders to crypto firms and suggested that payment stablecoins merited further consideration.