Financial institutions are facing a pivotal decision as stablecoins surge to new heights. Van Eck, CEO of VanEck, believes that banks will have no choice but to integrate […]
UAE Banks Embrace Crypto: Zand & CoinMENA Offer Seamless Fiat-to-Crypto Integration
The UAE banking sector is rapidly expanding its presence within the crypto space. Zand, an AI-powered Fintech group and CoinMENA FZE, a leading crypto trading platform have joined […]
GENIUS Act Loophole: Billions Shift from Banks to Crypto
A loophole in the GENIUS Act might allow crypto exchanges to indirectly offer stablecoin interest, potentially funneling billions away from banks and into the digital asset market. This […]
Bitwise CEO Attacks JPMorgan’s Low Interest Rates on Checking Accounts
Matt Hougan, Chief Investment Officer at Bitwise, publicly criticized JPMorgan Chase this week, escalating a clash between cryptocurrency firms and the country’s largest banks over congressional efforts to […]
Banks Raise Concerns About Stablecoin Rewards, Threatening Deposit Outflow
Banking groups are expressing alarm over new legislation that could allow cryptocurrency exchanges to pay yields on stablecoins, potentially leading to a massive exodus of deposits from traditional […]
Citi Warns High-Yielding Stablecoins Threaten to Upend Banking System
A new report from Citi suggests that offering interest on stablecoin deposits could trigger a banking shock similar to the money market fund boom of the 1980s. This […]
Citi Warns Stablecoin Interest Could Trigger $6.6 Trillion Banking Flight
A Citi executive has issued a stark warning: allowing interest payments on stablecoins could trigger a massive exodus of deposits from traditional banks, potentially draining $6.6 trillion from […]
Interest on Stablecoin Deposits: Could Trigger Major Banking Outflow?
Experts are sounding the alarm about potential banking upheaval fueled by the burgeoning interest-paying stablecoin landscape. Ronit Ghose, Citi’s Future of Finance head, warns that offering interest on […]
Stablecoin Yields Threaten Bank Deposits as Expert Warns of Potential Outflow Surge
A prominent Citi executive has raised concerns about the impact of paying interest on stablecoin deposits, warning that this could trigger a significant withdrawal from traditional banking systems. […]
GENIUS Act Could Unleash $6.6 Trillion Bank Exodus
A potential loophole in the recently passed GENIUS Act could leave billions of dollars vulnerable as crypto firms offer interest-like rewards on stablecoins, potentially disrupting the US banking […]
Hong Kong to Enforce New Crypto Asset Banking Rules in 2026
The Hong Kong Monetary Authority (HKMA) has revealed plans to enforce new banking regulations concerning crypto assets by January 1, 2026. These rules will be based on the […]
Ex-Bank Manager Chen Indicted on Fraud Charges, Affecting Traditional Banking
A federal indictment has been filed against former Cathay Bank manager Weixin “Tony” Chen for allegedly engaging in fraudulent activities that impacted customers’ accounts. The allegations involve manipulating […]
Former L.A. Bank Manager Indicted for Alleged Financial Fraud
Weixin ‘Tony’ Chen, former manager at Cathay Bank in Los Angeles, faces federal charges for allegedly stealing from customers through fraudulent account creation and fund transfers. No connection […]
Stanley Druckenmiller Shifts $335 Million to U.S. Banks, Reflecting Economic Shift
Billionaire investor Stanley Druckenmiller has made a strategic reallocation of his investment portfolio, shifting $335 million from Tesla towards major U.S. banks like Bank of America, Citigroup, and […]
OCC Lifts Consent Order Against Anchorage Digital
The U.S. Office of the Comptroller of the Currency (OCC) has removed a cease-and-desist consent order against crypto bank Anchorage Digital. This order, issued in 2022 for non-compliance […]