big banks – DIGIT INFO

Donald Trump Announces World Liberty Financial Launch — ‘We’re Embracing the Future With Crypto’

DIGIT — Thu, 12 Sep 2024 23:30:07 +0000

Former U.S. President Donald Trump has announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join a live event on X next Monday. “We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said. Donald […]

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Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard

DIGIT — Thu, 06 Apr 2023 17:30:14 +0000

On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital […]

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Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism

DIGIT — Mon, 03 Apr 2023 16:04:59 +0000

Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren likened buying bitcoin to “buying air.” Despite her stated distrust of banks, Warren told the show […]

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Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEO

DIGIT — Sun, 14 Nov 2021 01:30:28 +0000

A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies. Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years Indian-American banker Vikram Pandit, a former CEO […]

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Report: JP Morgan Boss ‘Not Happy’ as Capital Positions Exemption for Big Banks Ends

DIGIT — Tue, 23 Mar 2021 07:00:52 +0000

On March 19, 2021, the U.S. Federal Reserve Board published a press release that detailed the temporary supplementary leverage ratio easements will be expiring as scheduled. U.S. banks will no longer have the relaxed capital requirements they once held since the onset of the Covid-19 outbreak. Despite Wall Street’s Protest Federal Regulators Deny SLR Extension […]

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Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange

DIGIT — Thu, 11 Feb 2021 10:15:08 +0000

One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto Exchanges Per the official announcement, the bank made […]

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Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017

DIGIT — Tue, 19 May 2020 14:45:53 +0000

The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. The researchers’ survey shows that since the post-Covid-19 economy is setting in, trust in bitcoin has grown 29% in the […]

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Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits

DIGIT — Tue, 22 Oct 2019 16:30:31 +0000

In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this practice. Also Read: Banking Giant […]

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Big Banks Enabled Jeffrey Epstein’s Sex Trafficking Crimes

DIGIT — Tue, 13 Aug 2019 08:30:01 +0000

Unlike the unfounded narrative that cryptocurrency enables crime, big banks are more than happy to serve unsavory clients if it is lucrative enough for them. The latest example of this is a report that Jeffrey Epstein was apparently using his bank accounts to fund sex trafficking and possibly other crimes. Also Read: Deutsche Bank Collapse […]

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Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin

DIGIT — Tue, 29 May 2018 17:34:02 +0000

London has enjoyed a status of a global financial hub for centuries and served as a pioneer for brand new trading options for decades. However, some fear it is now in danger of getting left behind by the hottest emerging asset class – cryptocurrency. One of the main reasons for this appears to be the […]

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