Augustus Bank’s CEO, Ferdinand Dabitz, says legacy clearing banks cannot truly rebuild their cores for artificial intelligence and programmable money, as his …
Banks
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Major US banks and financial market intermediaries expect the transition to a digitized financial system to start slowly, then hit a tipping …
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Regulation
American Bankers Association urges banks to oppose stablecoin yield loophole in Digital Asset Market Clarity Act ahead of Senate markup
by shayaanby shayaanThree days before the Senate Banking Committee sits down to mark up the Digital Asset Market Clarity Act, the American Bankers Association …
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Markets
Circle Banks $200M From Giants Like BlackRock In Arc Token Presale, CRCL Jumps 15%
by shayaanby shayaanShares of stablecoin issuer Circle (CRLC) climbed on Monday, rising by 15% to $130 for the first time in nearly a month. …
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Markets
'Bitcoin transactions can be monitored’: Ray Dalio explains why central banks won’t touch BTC
by shayaanby shayaanRay Dalio joins the privacy debate, saying Bitcoin’s full transparency makes it less likely to be adopted by central banks. www.coindesk.com
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Regulation
Cryptocurrency Sector and Banks Reportedly Reached an Agreement, but There Are Still Obstacles to the Clarity Act
by shayaanby shayaanTensions between the banking sector and the cryptocurrency industry over stablecoins are growing in the US. Trade associations representing different sectors of …
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Finance
Bitwise ranks banks with broadest crypto exposure, including BNY Mellon and JPMorgan
by shayaanby shayaanBitwise has assembled a ranking of traditional banks with the widest-ranging cryptocurrency exposure, and the names at the top read less like …
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Finance
Major Banks Have Updated Their Forecasts on When the Fed Will Cut Interest Rates
by shayaanby shayaanMajor banks and macroeconomic institutions on Wall Street have begun to increasingly postpone their expectations for Fed interest rate cuts. Particularly after …
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Ripple and XRP are now tied to a sweeping claim of 13,000 banking connections and $12.5 trillion in payment activity. The scale …
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Regulation
Banks Stay Tight-Lipped as Senators Reveal Proposed Clarity Act Stablecoin Deal
by shayaanby shayaanIn brief Senators unveiled a Clarity Act compromise on the subject of stablecoin rewards. The language would ban rewards on stablecoin deposits …