Bookmarking Crypto Insights
Auto Added by WPeMatico
Ripple’s move to launch a national trust bank is drawing fire for threatening to erode regulatory safeguards, destabilize the banking system, and blur core institutional boundaries. Ripple’s Bank Ambitions Collide With Legacy Finance The Independent Community Bankers of America (ICBA), which represents around 5,000 community banks across the country, has formally objected to Ripple Labs’ … Read more
The Wall Street Journal reports that President Donald Trump has allegedly prepared a draft executive order warning banking regulators and financial institutions that they could face disciplinary action if they discriminate against conservatives or crypto companies. An Alleged Executive Order Puts Banks on Notice Over Political, Crypto Bias A Wall Street Journal (WSJ) exclusive report … Read more
A wave of institutional crypto adoption is accelerating as six digital asset banks await federal charters, poised to unlock nationwide operations under dramatically loosened OCC oversight. Federal Greenlight Incoming? 6 Crypto Banks Await OCC Approval Six firms seeking to offer digital asset services have submitted applications for a national bank charter to the Office of … Read more
Citigroup projects bitcoin could reach $135,000 by the end of 2025 in its base-case scenario, driven by strong demand from U.S. spot bitcoin exchange-traded funds (ETFs), growing user adoption, and favorable macroeconomic trends. Citigroup’s latest report outlines a bull case of $199,000 if ETF inflows and adoption accelerate, and a bear case of $64,000 if … Read more
PNC Bank has formed a strategic partnership with cryptocurrency exchange Coinbase to expand digital asset services for its clients. The collaboration will leverage Coinbase’s institutional-grade Crypto-as-a-Service platform to enable PNC’s banking clients and institutional investors to buy, hold and sell cryptocurrencies securely through PNC’s systems. PNC will also provide select banking services to Coinbase as … Read more
JPMorgan Chase is reportedly exploring the possibility of lending against clients’ cryptocurrency holdings, marking a significant shift in the bank’s stance on digital assets, according to the FT. This potential policy change comes as the largest U.S. banks increasingly embrace cryptocurrencies, despite CEO Jamie Dimon’s previous criticisms of bitcoin, which he once labeled a “fraud.” … Read more
Russia’s largest lender, the state-run Sberbank, revealed Thursday that it plans to launch custody services for Russian crypto holdings, according to Reuters. With this step, Sberbank aims to claim a pivotal position in the country’s shifting digital asset space. Sberbank Responds to Foreign Custody ‘Risk’ in Russia According to a Reuters report, the announcement follows … Read more
Safello has signed a strategic framework agreement with Marginalen Bank, allowing Safello’s over 400,000 customers to access a range of banking services through its platform. This partnership introduces Banking-as-a-Service (BaaS), enabling customers to utilize full-service payment accounts, bill payment options, Swish connections, and debit cards. The agreement, which has an initial term of two years, … Read more
BBVA unleashes mainstream crypto access in Spain, letting millions seamlessly buy, sell, and hold bitcoin and ether directly within its mobile banking ecosystem. BBVA Ignites Crypto Frenzy With Bitcoin and Ether Now Live for Millions in Spain Banking giant Banco Bilbao Vizcaya Argentaria (BBVA) revealed last week that it has launched a cryptocurrency trading and … Read more
A group of tech billionaires, led by Palmer Luckey, co-founder of military contractor Anduril, is preparing to launch a new bank named Erebor, aimed at filling the gap left by Silicon Valley Bank (SVB) for start-ups, including those in the cryptocurrency sector. Backed by high-profile investors such as Peter Thiel’s Founders Fund and Joe Lonsdale … Read more