Tag: Banks
US Banks Plan to Stop Working with Binance’s US Division
Reading time: < 1 minuteThe US Securities and Exchange Commission (SEC) sued last Monday Binance for alleged violations of US law, prompting the crypto company’s US branch to advise their customers of their suspension of fiat money transactions beginning June 13.
Binance CEO Changpeng Zhao Denies Company’s Plans to Buy a Bank
Reading time: < 1 minuteChangpeng Zhao (CZ), the head of the Binance crypto exchange, noted that their company is not interested in acquiring any banking institutions because of regulatory complexity and the capital needed.
DBS Bank Took Advantage of Crypto Exchanges Collapse in 2022
Reading time: < 1 minuteDBS Bank of Singapore saw a sharp increase in investor activity on the site due to the bankruptcy of crypto exchanges.
Robert Kiyosaki Urges to Buy BTC Amid Signs of Bank Collapse
Reading time: < 1 minuteRobert Kiyosaki, the bestselling author of Rich Dad Poor Dad and entrepreneur, has suggested that people should invest in defensive positions such as gold, silver, and Bitcoin.
Binance CEO Says Crypto Market Needs Support of Banking Sector
Reading time: < 1 minuteChangpeng Zhao, CEO of Binance, has emphasized the need for a secure and transparent regulatory framework that would enable the crypto sphere to take advantage of the traditional financial market.
Chinese State-owned Banks Start Serving Crypto Companies in Hong Kong
Reading time: < 1 minuteDespite the Chinese government’s ban on transactions with digital currencies, some of its large state-owned banks have started investing in the crypto business in Hong Kong.
Study: CBDCs Could Affect the Stability of Banks
Reading time: < 1 minuteThe integration of a stablecoin or central bank digital currency into the economy could have a destabilizing effect on banks, but might improve the welfare of households.
Interest in Crypto Exchanges Jumps After US Banks Collapse
Reading time: < 1 minuteThe collapse of various US banks connected to the digital economy led to greater investor attention towards exchanges and cryptocurrency services.
Circle Is Considering Cross River as a Potential Banking Partner
Reading time: < 1 minuteCircle has announced that Cross River Bank is its new commercial banking partner for the production and redemption of USDC stablecoins.
Ripple CEO: We Had Deposits in SVB, But Most of the Funds Had Been Withdrawn
Reading time: < 1 minuteRipple CEO Brad Garlinghouse has confirmed that the company had deposits in SVB, but that most of the funds had been withdrawn.
