Warren Buffett continues to unload billions of dollars of Berkshire Hathaway’s stake in Bank of America (BAC). New SEC filings show Buffett …
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Bank
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Finance
Klarna Bank CEO says bank is exploring crypto after calling it ‘decentralized Ponzi scheme’
by shayaanby shayaanKlarna Bank, a Swedish fintech company known for its Buy Now, Pay Later service plans to embrace cryptocurrency after previously criticizing it. …
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Bahrain’s central bank is developing regulations for stablecoins to reduce transaction costs and increase financial access. Making the Digital Asset Space Safer …
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Finance
BlackRock and FDIC in talks over bank stakes compliance amid growing crypto influence
by shayaanby shayaanBlackRock, Inc., an American multinational investment company, and the Federal Deposit Insurance Corp. (FDIC) are addressing a dispute over the asset manager’s …
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Regulation
ECB empowers fintechs with direct access to Europe’s central bank payment systems
by shayaanby shayaanThe European Central Bank (ECB) has introduced a regulatory framework allowing non-bank payment service providers (NB-PSPs) to access Eurosystem central bank payment …
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Regulation
Central Bank of Brazil Links Stablecoin Growth to Tax Evasion and Money Laundering
by shayaanby shayaanThe new president of the Central Bank of Brazil has linked the rapid growth of stablecoins with tax evasion and money laundering. …
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Regulation
ConsenSys Twice Hit by Operation Chokepoint, CEO Lubin Credits Bank for Fighting Back
by shayaanby shayaanConsensys, the Ethereum software developer best known for its MetaMask wallet, has twice been hit by U.S. authorities’ attempts to exclude it …
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Finance
Telcoin has received approval for its Digital Asset Depository Bank Charter
by shayaanby shayaanTelcoin has received approval for its Digital Asset Depository Bank Charter in Nebraska This positions Telcoin as one of the first federally …
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Finance
US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts
by shayaanby shayaanTwo US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits of a …
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Analysis
Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync
by shayaanby shayaanUnion Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum (ETH) layer-2 scaling solution …