Newsroom
Crypto · Adoption
Kyrgyzstan has launched a national stablecoin and moved to introduce a central bank digital currency for state transactions, stepping up its effort to formalize the use of digital…
The Distributed Team
Markets · Banking
The European Union’s financial chief has voiced frustration over growing obstacles that are preventing the creation of larger, more competitive European banks. The remarks came after Italian lender…
Eman Shaikh
Crypto · Adoption
JPMorgan Chase is set to allow institutional clients to use Bitcoin and Ether as collateral for loans, marking a notable expansion of crypto into mainstream finance. By the…
The Distributed Team
Crypto · Regulation
Rodrigo Paz, Bolivia’s newly elected President, plans to use blockchain technology to fight corruption and modernize the country’s financial system. Paz aims to apply blockchain and smart contracts…
Eric Nkando
Crypto · Digital Assets
HM Revenue & Customs (HMRC) has stepped up enforcement activity after identifying gaps in tax declarations from investors who trade cryptocurrencies such as Bitcoin, Ether and stablecoins. HMRC…
The Distributed Team
Crypto · Digital Payments
Japan is preparing for a major shift in digital finance as the country’s three largest banking groups plan to jointly launch a stablecoin for corporate transactions. The currency…
The Distributed Team
Markets · Banking
U.S. banks have tapped into the Federal Reserve’s emergency lending window, known as the Standing Repo Facility (SRF), as signs of funding strain emerge in the financial system.…
Eman Shaikh
Crypto · Regulation
South Korea’s Financial Service Commission (FSC) is reportedly planning to present a government-backed bill in October. This initiative is part of the second phase of FSC’s Virtual Asset…
Eric Nkando
Markets · Banking
Visa has closed its open-banking unit in the United States, a source familiar with the matter told Reuters, underscoring growing tensions between banks and fintech firms over control…
The Distributed Team
Crypto · Grayscale
Grayscale Investment has submitted an S-1 registration with the U.S Securities and Exchange Commission (SEC), a filing reveals. The initiative aims to convert the platform’s Avalanche Trust into…
Eric Nkando
Crypto · Blockchain
Global banks have joined forces to explore issuing digital money on public blockchains in a shift in how traditional finance approaches blockchain technology. According to Bloomberg report, a…
The Distributed Team
Markets · Banking
HSBC made a move to tighten its grip on Asian banking after offering HK$106.1 billion ($13.6 billion) to buy out minority shareholders of Hang Seng Bank and take…
The Distributed Team
Crypto · Banking
UK banks are quietly embracing blockchain technology, launching pilots of tokenized deposits that could reshape the way money moves across Britain’s financial system. The move comes despite Bank…
The Distributed Team
Crypto · Tether
Tether Holdings SA is in talks with potential backers including SoftBank Group Corp. and Ark Investment Management LLC for a funding round that could value the company at…
Jared Kirui
Crypto · Adoption
Coinbase has officially applied for a national trust charter with the U.S. Office of the Comptroller of the Currency (OCC), the exchange announced Friday. If approved, it will…
The Distributed Team
Markets · Banking
The Federal Deposit Insurance Corporation (FDIC) is gearing up for a pivotal decision that could alter the relationship between banks and cryptocurrency firms in the U.S. Amid allegations…
The Distributed Team
Markets · Banking
For the first time since Moscow began its large-scale nationalisation drive, Russia’s central bank has publicly pushed back against how the government has been seizing private assets. According…
Eman Shaikh
Markets · Banking
Brazilian digital banking giant Nubank has once again made headlines by posting an impressive 42% boost in net profit, driving its shares up more than 8% in after-hours…
Eman Shaikh
Crypto · Gemini
Gemini Trust Co., the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has filed for a U.S. initial public offering and named several major banks to lead the…
The Distributed Team
Crypto · Crypto Laws
Lawmakers in Poland have passed the Crypto-Asset Market Act (Bill 1424) that introduces a comprehensive licensing regime for Crypto Asset Services Providers (CASPs). The bill aligns the national…
Eric Nkando
Markets · Banking
The European Central Bank (ECB) has voiced concern over the European Commission’s latest proposal to relax rules around bank securitisation, warning that the changes could introduce new risks…
Eman Shaikh
Crypto · Anti-Money Laundering
Australia’s financial crime watchdog has directed Binance’s local unit to appoint an external auditor after identifying weaknesses in its anti-money laundering and counter-terrorism financing (AML/CTF) program. The Australian…
The Distributed Team
Crypto · Stablecoins
Tether is expanding into the U.S. with a new stablecoin, USAT, aimed at businesses and institutions. The company also named Bo Hines, former head of the White House’s…
The Distributed Team
Markets · Banking
China is taking another big step in its long-term goal of making the Yuan a stronger global currency. On Friday, the People’s Bank of China (PBOC), the country’s…
Eman Shaikh
Crypto · Blockchain
Private credit, once the preserve of institutional investors, is moving onto blockchain. WisdomTree has launched a new tokenized fund that brings the asset class to retail investors with…
The Distributed Team
