bank News

Swiss crypto bank Sygnum has recorded profits in the first half of 2024 after witnessing a surge in crypto trading volume. According to an announcement shared with crypto.news, the bank’s first-half spot crypto trading volume has doubled since 2023. This…

Binance head Richard Teng says the exchange is in “close touch” with its customers regarding the bankruptcy of FlowBank, which stored the exchange’s clients trading collateral. Cryptocurrency exchange Binance seems unaffected by FlowBank‘s bankruptcy, following the Swiss regulator’s announcement on…

Itaú Unibanco has opened crypto trading to all users of its Íon investment platform, allowing clients to buy and sell Bitcoin and Ethereum directly through the app. The largest financial institution in Latin America, Itaú Unibanco, has expanded access to…

Stress tests of major banks have repeatedly failed to uncover serious issues that have led to billions of dollars in losses—decentralized finance changes all of this.

Mastercard is joining U.S. banking giants to develop distributed ledger technology for banking payments using tokenization.

Germany’s largest federal bank is set to launch crypto custody services in collaboration with crypto exchange Bitpanda, targeting institutional and corporate clients. Germany’s biggest state-backed lender with over $350 billion in assets under management, Landesbank Baden-Württemberg (LBBW), will launch crypto…

Custodia Bank’s plea for a Federal Reserve master account was rejected. Here's why.

The American Vast Bank, the first in the United States to offer its clients tools for working with cryptocurrencies, has decided to leave the crypto industry. Information about this appeared on the credit institution’s website. Due to the refusal to…

More and more banks have been giving the green light to cryptocurrency. What exactly do these banks offer customers, and how can they decide which is the right bank for them? In our current dynamic financial era, the emergence of…

Crypto-friendly bank B. Riley Financial Inc. is said to be facing an undisclosed investigation from U.S. authorities. The Los Angeles-based investment bank B. Riley Financial Inc. is reportedly under investigation by the U.S. Securities and Exchange Commission (SEC) for its…

In an op-ed on Bloomberg Law, Steven Merriman and Jim Vivenzio of Perkins Coie raised concerns over FinCEN’s latest move to crack down on crypto mixers. The Financial Crimes Enforcement Network (FinCEN) is pushing for financial institutions to impose new…

Chinese virtual bank ZA Bank has revealed plans to offer crypto trading services with fiat currencies to retail customers. In an interview with the Hong Kong Economic Journal, ZA Bank CEO Ronald Iu said the Hong Kong-based company eventually plans…

Thailand’s second-largest bank, Kasikornbank Pcl, is charting a course to develop a digital-asset ecosystem, providing a unique funding avenue for companies. With the recent acquisition of Thai licensed crypto exchange, Satang Corp., Kasikornbank is now encouraging some clients to explore…

A former executive at Credit Suisse has rolled out a new crypto trading platform, targeting banks and securities firms only. David Riegelnig, who held several senior management positions at Credit Suisse until 2015, is now making a bet on cryptocurrencies…

The Wall Street financial giant Goldman Sachs says the market is about to see a ‘significant uptick’ in the quantum trading on-chain within the next two years. Goldman Sachs is anticipating a significant uptick in trading volumes of blockchain-based assets…

The European Union is enhancing the European Central Bank’s role to oversee climate risks and digital assets in the banking sector. This move comes with the expanding scope of risks facing the banking sector, notably those associated with climate change…