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 […]
OCC Clears Anchorage Digital’s Way, Boosting Crypto Banking Stability
The U.S. Office of the Comptroller of the Currency (OCC) has removed its consent order from Anchorage Digital, a federally chartered cryptocurrency bank. This decision signifies a positive […]
Crypto Groups Protest Proposed Banking Rules, Claim Innovation Risks Suppression
The Crypto Council for Innovation (CCI) and the Blockchain Association have voiced their opposition to banking proposals that they argue will stifle innovation in the cryptocurrency industry. The […]
Why Fintech Transactions Outpace Traditional Banking: Unveiling the Truth
The notion that fintech platforms like OPay and Moniepoint offer faster transactions than traditional banks has become commonplace in Nigeria. People often cite ‘instantaneous’ capabilities of fintech as […]
Federal Reserve Board Member Under Investigation for Mortgage Fraud
Bill Pulte, Director of the Federal Housing Finance Agency, has initiated an investigation into Federal Reserve Board member Lisa Cook regarding alleged mortgage fraud. Pulte’s letter to Attorney […]
Crypto Groups Fight Back Against Bankers’ Push to Rewrite Stablecoin Law
Two influential crypto industry groups are pushing back against Wall Street bankers seeking to roll back the United States’ recently enacted stablecoin law. In a joint letter addressed […]
Ripple’s XRP Holdings Could Propel It to Top 20 Banks Globally
Crypto expert Xaif highlighted comments from Teucrium CEO Sal Gilbertie, who suggests Ripple could achieve significant banking power through its substantial XRP holdings. Gilbertie’s prediction indicates a potential […]
Is Stablecoin Competition Threatening Traditional Banking?
Traditional banks, long seen as the cornerstone of finance, are facing a significant challenge from stablecoins. As this technology gains momentum, concerns about its impact on banking models […]
Financial Lobby Groups Demand Review of Cryptocurrency Banking Regulations
Major financial lobbying groups are urging regulators to hold off on implementing new rules for banks’ operations involving cryptocurrency. They believe these regulations, set to take effect in […]
Fed Loosens Crypto Rules for US Banks, Boosting Market Liquidity
The Federal Reserve is taking a major step forward in the crypto space. Chair Jerome Powell announced new supervisory rules that allow U.S. banks to actively participate in […]