Search Results for “Banking Industry”

Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

March 12, 2022 admin ACT, Crypto, crypto regulations, Cryptocurrencies, Cryptocurrency, Digital Assets, Estonia, estonian, framework, Law, Legislation, License, licenses, licensing, Money Laundering, proposal, Regulation, Regulations, rules

Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating

News

Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case for Digital Currencies in Africa

September 28, 2021 admin BCH, Bitcoin, Blockchain, Brian Kimotho, CBDC, Cross Border Payment, Cryptocurrency, Digital Currency, Fintech, Kotani Pay, remittances

The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition.

News

Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply

March 16, 2023 admin American Banks, anti-crypto, Auction, auctioning banks, bailout plan, bank failures, bank shutdowns, Banking Industry, Barney Frank, bidders, Bids, Chartered Bank, controversy, crypto businesses, Cryptocurrency, depositors, FDIC, Finance, Financial Institutions, Financial News, New York State Department of Financial Services, News, Piper Sandler Companies, potential buyers, private equity companies, Regulations, regulations vs innovation, restrictions, Reuters, Signature Bank, Silicon Valley Bank, sources, strict rules, traditional lenders, unidentified sources, US economy, US government

The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley

Videos

LIVE: CNBC TechCheck+ chats with Jack Henry CEO David Foss following SVB collapse — 3/14/23

March 14, 2023 admin

Jack Henry CEO David Foss joins the TechCheck+ livestream with CNBC’s Frank Holland to discuss how the SASS operator supports

News

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

March 13, 2023 admin Adrienne Harris, Assets, backstop, Bailout, bank collapse, Banking system, Bankruptcy, BTFP, crypto-friendly bank, deposit insurance, depositors, Exchange Stabilization Fund, failed banks, FDIC, Federal Reserve Bank Term Funding Program, Financial Institutions, Financial regulators, Funds, joint statement, market observers, New York Department of Financial Services, News, plan, Public confidence, Regulation, resolution, secretary of the Treasury, Signature Bank, Silicon Valley Bank, Silvergate Bank, superintendent, Taxpayer, total deposits, treasury department, U.S. Central Bank, U.S. economy, U.S. Federal Reserve

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank.

News

US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

March 10, 2023 admin Assets, Bank Demise, Bank Failure, Bank Run, Banking Industry, Banking US, buyer, California Department of Financial Protection and Innovation, Cryptocurrencies, Customers, deposits, Digital Assets, DINB, FDIC, Federal Deposit Insurance Corporation, financial institution, Insurance Limits, Insured Depositors, Liquidation, nasdaq, News, Receiver, Regulators, resolution, Silicon Valley Bank, Silicon Valley Bank deposits, Silvergate Bank, Stock Value, SVB, uncertainty, Uninsured Deposits, United States, US Banking, withdraw funds

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of

News

Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness

December 12, 2022 admin Balaji Srinivasan, Balaji Srinivasan bitcoin, Balaji Srinivasan decentralization, Balaji Srinivasan FTX, Balaji Srinivasan inflated, Balaji Srinivasan state failure, Balaji Srinivasan US dollar, Balaji Srinivasan US government, Balaji Srinivasan USD bank accounts, Balaji Srinivasan USD worthless, Economics

Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.”

News

JPMorgan CEO Jamie Dimon Skeptical of Crypto but Says ‘Not All of It Is Bad’

May 1, 2022 admin Berkshire Hathaway, Bitcoin, Crypto, Cryptocurrency, Featured, Jamie Dimon, jamie dimon crypto, jpmorgan, jpmorgan crypto, Warren Buffett

Jamie Dimon, the CEO of JPMorgan Chase, says that he does not particularly like crypto but will defend your right

News

FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’

February 8, 2022 admin Crypto evaluation, crypto priorities, crypto priority, FDIC bitcoin, FDIC crypto, FDIC cryptocurrency, Financial system risks, Regulation, safety

The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid

News

Blockchain and Cryptocurrency Is ‘Here to Stay and Impossible to Regulate at Large’ — CEO of a United Arab Emirates Based Bank

January 29, 2022 admin Abu Dhabi Global Market, Bank of Sharjah, Blockchain, Cryptocurrency, Dubai International Financial Centre, Finance, KYC, pandemic

According to the chief executive officer (CEO) of the United Arab Emirates-based financial institution, Bank of Sharjah, blockchain and cryptocurrencies

← Previous

Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8
LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023
The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis. First Republic slid 20% despite gaining nearly 10% in the previous session. The stock got a boost Thursday when a group of banks said it would aid First Republic with $30 billion in deposits
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in
We’re in the middle of the banking crisis, says Odeon’s Dick Bove
Dick Bove of Odeon Capital, Herb Greenberg of Empire Financial Research and Liz Hoffman, Semafor business and finance editor, join CNBC's Brian Sullivan and 'Last Call' to discuss the recent banking crisis and how it could impact the Fed's rate decision next week.