Major South Korean banks have urged regulatory adjustments that would facilitate partnerships with crypto firms. During a meeting hosted by the Korea Federation of Banks, representatives from the […]
South Korean Banks Push for Expanded Cryptocurrency Exchange Partnerships
Major South Korean banks, including KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank, joined forces with Jeonbuk Bank and Toss Bank executives to […]
Westpac CEO Apologizes for Blocking Crypto Transfer, Customer Loses Out on Potential Gains
Anthony Miller, CEO of Westpac, issued a public apology after the bank froze customer accounts and blocked a $30,000 transfer to CoinSpot cryptocurrency exchange. The incident occurred when […]
Taurus Launches Network for Secure Cross-Border Collaboration Between Banks
Swiss fintech company, Taurus, has unveiled a groundbreaking platform called Taurus-NETWORK designed to simplify and secure cross-border collaboration between financial institutions. This new solution allows regulated entities worldwide […]
Former Bank Employee Receives 20-Year Prison Sentence for Embezzlement and Cryptocurrency Investments
A former employee of Woori Bank has been sentenced to 20 years in prison after embezzling over 17.7 billion won (approximately $11.98 million USD) from customer loans. The […]
Nigerian Business Mogul Pascal Dozie Dies at 85
Pascal Dozie, a prominent Nigerian business figure and founder of Diamond Bank and former chairman of MTN Nigeria, has died at the age of 85. His death was […]
Banking Stocks Plummet as Tariffs Trigger Recession Fears
Major U.S. banks are facing significant declines in today’s trading session, mirroring broader concerns about a potential recession fueled by escalating tariffs. The latest tariff announcements have sent […]
European Markets Plummet Amidst Uncertainty as Banking Sector Suffers Major Losses
European stock markets experienced a sharp decline on April 4, 2025, sending shockwaves through key sectors like banking and energy. The STOXX 600 Banks Index took the biggest […]
Eric Trump Calls for Blockchain Alternatives to Troubled Banking Practices
In a recent interview with Fox Business, Eric Trump highlighted the impact of bank practices, such as de-banking, and advocated for blockchain solutions. He pointed to high-profile incidents […]
Upcoming Hearing Examines Banking & Crypto Regulations
The U.S. Senate Banking Committee is preparing for a crucial nomination hearing next Thursday. The committee, led by Republicans, will question Federal Reserve Governor Michelle Bowman, who has […]
Robinhood Introduces On-Demand Cash Delivery for Gold Members
Robinhood has unveiled a new perk for its Gold members: on-demand cash delivery service. As part of their banking platform, this feature will offer users quick access to […]
Crypto Regulation: Prioritize Banking Frameworks Over Taxes
Despite hopes for clearer crypto regulations under the current administration, a pressing need for robust legal frameworks remains before tax reforms become impactful. This is according to experts […]
FDIC Removes Crypto Approval Requirement for Banks, Simplifies Digital Asset Operations
The FDIC has announced a significant change to its regulations regarding cryptocurrencies. Removing the prior approval requirement for banks engaging in cryptocurrency activities ensures they can participate without […]