News
Some crypto companies have proposed giving community banks a bigger stablecoin role as Senate negotiations stall over the contentious market structure bill.
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Banks News
While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways.
Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today.
Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy.
As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.
- News
Speaking on the company's earnings call, CEO Terry Duffy said the exchange is exploring a CME-issued token and is also piloting tokenized cash infrastructure with Google.
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Xapo Bank’s Digital Wealth Report says borrowers are keeping Bitcoin-backed loans open longer during the product’s first year of activity.
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ING Germany expands crypto access with Bitwise ETPs and VanEck ETNs covering Bitcoin, Ether, Solana and other major digital assets.
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Nomura's CFO, Hiroyuki Moriuchi, reportedly reaffirmed the company's long-term commitment to digital assets but said it had to manage short-term risks.
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The fintech bank reported record quarterly revenue of $1 billion as it reintroduced crypto trading, launched a stablecoin and rolled out blockchain-based remittances.
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Brian Armstrong made the media rounds before and after he announced Coinbase was pulling its support for a major US crypto bill, reportedly facing off with Jamie Dimon in Davos.
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Bybit’s upcoming neobank launch via Tether-backed Pave Bank highlights the regulatory hurdles and challenges that crypto exchanges face when entering traditional finance.
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Crypto exchange Bybit said its new “My Bank” accounts will give users personal IBANs, instant fiat access, multi-currency transfers and crypto trading under their own name.
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Sygnum says its market-neutral BTC Alpha Fund posted 8.9% annualized returns in Q4 and raised more than 750 Bitcoin from professional and institutional investors.
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The Trump administration is moving to break a deadlock over crypto market-structure legislation as lawmakers remain split over stablecoin interest rules.
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If approved, the move would let the company bypass state-by-state licensing and offer federally regulated crypto trading without taking deposits.
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Tether has launched USAt, a dollar-pegged stablecoin designed to operate in the US under the GENIUS Act framework, with Anchorage as its banking partner.
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Stablecoin growth could drain bank deposits, with regional US banks most exposed, Standard Chartered’s Geoff Kendrick warned.
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Brian Armstrong, the CEO of crypto exchange Coinbase, said a takeaway from his time at the Davos forum was that most of the bank CEOs he met were pro-crypto.
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