News
Signature Bank founder Scott Shay has created N3XT, a bank aiming to provide instant 24-hour payments on a private blockchain.
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Banks News
While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways.
Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today.
Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy.
As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.
- News
The entity formed by 10 banks is working on obtaining regulatory approval from the Dutch Central Bank to launch a stablecoin “in the second half of 2026.”
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Bank of America’s wealthiest clients will gain access to Bitcoin ETFs, while its network of over 15,000 wealth advisers can recommend crypto exposure for the first time, Yahoo reported.
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Republican leaders released a final staff report going over claims of debanking by federal regulators in what some have called "Operation Choke Point 2.0."
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ARK Invest expects another $300 billion in liquidity to return after the government shutdown, a development that may alleviate the “liquidity squeeze” affecting crypto and AI valuations.
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Bitcoin’s momentum is restrained by uncertainty in interest rate policy, inflation expectations, a pending MSCI decision on crypto-focused firms and stress in BTC derivatives.
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The Bank for International Settlements is advancing major digital currency pilots, testing cross-border CBDCs, tokenized deposits and real-time payment rails.
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The ability to freeze assets and unwind transactions was a key consideration when selecting the blockchain for the pilot, according to Mike Villano from US Bank.
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The regulatory approval followed the payments company obtaining a BitLicense from the NYDFS in June, making it one of a handful of crypto companies to have both.
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Standard Chartered will provide digital asset custody for 21Shares, signaling deeper expansion into crypto by traditional financial players.
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Regulators and the Bank of Korea remain at odds over bank dominance in issuing won-backed stablecoins, stalling a long-awaited framework expected this year.
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Strike CEO Jack Mallers said JPMorgan closed his accounts without explanation, reigniting fears of Operation Chokepoint 2.0 and renewed pressure on crypto companies.
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The tension erupted following news that Strategy and other crypto treasury companies would likely be excluded from major market indexes.
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The DeFi Education Fund estimated that decentralized finance technology could potentially save people up to $30 billion annually by reducing remittance costs.
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HSBC is the latest megabank to double down on tokenized deposits versus stablecoins by preparing for new launches in the US and the UAE next year.
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