US Bancorp is leading a resurgence in the financial industry’s interest in cryptocurrencies. The nation’s fifth-largest bank has reinstated its institutional cryptocurrency custody services, marking a significant shift […]
US Bancorp Re-Enters Crypto Custody Market After Rule Change
US Bancorp has resumed its operations in the cryptocurrency industry, relaunching its digital asset custody services aimed at institutional investors. The bank’s reentry follows regulatory changes enacted under […]
British Fintechs Shift Gears, Embracing US Market Opportunities Under Trump’s Deregulation
UK digital banks are accelerating their expansion into the United States, capitalizing on the Trump administration’s regulatory changes that are streamlining market access. Companies like Revolut and Starling […]
US Banking Regulatory Agencies Rethink Examination Procedures
The Office of the Comptroller of the Currency, the Federal Reserve, and the Consumer Financial Protection Bureau have significantly altered their examination processes for banks across the country. […]
Unity Bank Dissolution Looms: Shareholders Face Crucial Merger Vote
A Federal High Court ruling has set the stage for Unity Bank Plc’s potential dissolution, prompting a crucial shareholder vote on a proposed merger with Providus Bank Limited. […]
Banks Face Crucial Choice: Embrace Ethereum for Stablecoin Transactions
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 […]