Amid crypto winter, Nexo commits additional $50M to buyback program
The Bitcoin lender has sought advice from Citigroup on how to acquire distressed crypto firms amid the bear market.
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Siam Commercial Bank abandons plans to purchase $500M stake in crypto exchange Bitkub
The bank cited concerns with Bitkub “resolving various issues,” according to recommendations from the country’s Securities and Exchange Commission without a definite timeline.
Bitcoin and the banking system: Slammed doors and legacy flaws
It’s no secret the banking system doesn’t like Bitcoin — but does that stance challenge Bitcoin-first companies? Cointelegraph investigates.
United Texas CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
FTX US among 5 companies to receive cease and desist letters from FDIC
The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance.
Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities
The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor.
Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market
Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.
Fed to issue long-awaited guidelines for granting master accounts to crypto banks
The U.S. Federal Reserve Board has finalized tiered guidelines for granting Federal Reserve accounts, with Wyoming’s crypto banks likely to fall under the most scrutiny.
Bank of Russia Aims for Full Launch of Digital Ruble in 2024
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the…
Dozen Crypto Companies Await Portugal License Despite Bank Account Closures
The central bank of Portugal is now reviewing 12 requests from businesses that want to provide crypto-related services in the country. The applications are pending decision amid recent reports that…
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