Category: banks

Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August.

KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.

Moonstone Bank, which was since renamed Farmington State Bank, received roughly $11.5 from FTX’s sister firm Alameda Research through its holding company in 2022.

SoFi started offering crypto services even before becoming a bank, and its banking license might change how it hodls crypto.

Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control.

This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.

The Office of the Superintendent of Financial Institutions (OSFI) is opening public consultations on two draft guidelines updating its capital and liquidity approach to crypto assets.

PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California.

2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.

Forge will have a right not only to custody the digital assets but also to purchase and sell them for legal tender, as well as to trade against each other.