Decentralized finance (DeFi) is recovering from a string of sophisticated exploits that have triggered an intense debate over whether public blockchain protocols …
Bank
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Markets
Ripple Partner Bank of America Unveils Global Payments Expansion Strategy
by shayaanby shayaanBank of America is expanding its global payments strategy with a renewed focus on enhancing cross-border transaction capabilities, highlighting the growing importance …
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Markets
JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network
by shayaanby shayaanAmerican’s biggest banks plan to introduce a shared tokenized network next year to tackle the potential threat of stablecoins eating into their …
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Analysis
Bank Insider Pins Blame on Elderly Customers After $39,950 Disappears From Their Accounts – Until the Security Footage Is Reviewed: FDIC
by shayaanby shayaanA US regulator says a former bank teller stole tens of thousands of dollars from two elderly customers and then tried to …
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Finance
Every single bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer
by shayaanby shayaanJulian Sawyer, CEO of Zodia Custody, described Standard Chartered’s ongoing acquisition of the firm as a “major validation” that highlights a growing …
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Regulation
UK House of Lords committee calls on Bank of England to reconsider proposed stablecoin restrictions
by shayaanby shayaanA U.K. House of Lords committee said the Bank of England (BOE) should reconsider its proposed limits on consumer stablecoin holdings in …
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Regulation
Central Bank of Russia challenges EU over frozen assets in court, raising questions about institutional trust
by shayaanby shayaanThe Central Bank of Russia just escalated its legal war with Europe. On May 25, the CBR filed its second lawsuit with …
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Vietnam’s Ministry of Finance has proposed allowing small and medium-sized enterprises to use digital assets, virtual assets and intellectual property as collateral …
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Finance
Custodia Bank seeks more time to challenge Fed master account denial at Supreme Court
by shayaanby shayaanCustodia Bank, the Wyoming-chartered digital asset bank led by Caitlin Long, is seeking a 30-day extension of time, until July 10, 2026, …
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Finance
SoFi becomes first US national bank to launch a stablecoin in a consumer app
by shayaanby shayaanA fintech company that started by refinancing student loans just became the first US national bank to put a stablecoin directly into …