$1.4 Trillion Banking Giant Deutsche Bank Starts Crypto Custody Service For Institutional Clients

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Most Important U.S. Senator for Crypto’s Future Tells Regulators to Use Existing Powers

U.S. Sen. Sherrod Brown (D-Ohio), whose chairmanship of the Senate Banking Committee gives him power over crypto’s congressional destiny, issued a call to arms to regulators on Thursday, demanding that they use whatever authority they currently have over digital assets to improve market transparency and protect the investors putting their money into the sector. дальше »

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€1.3 Trillion Deutsche Bank To Offer Bitcoin and Crypto Custody For Institutions

For the first time, the German banking giant will be able to hold a limited number of cryptocurrencies for its clients. дальше »

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Bitcoin For Institutions: Deutsche Bank Launches New Custody Service

Banking giant Deutsche Bank has partnered with crypto company Taurus to launch a new custody service for its institutional clients. The bank has been public about its optimistic views on BTC, and the partnership aims to gain a stronger foothold in the nascent sector. дальше »

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Deutsche Bank partners Swiss startup Taurus to offer crypto custody

Deutsche Bank, Germany’s largest bank with over €1. 3 trillion in assets, has announced a global partnership with Taurus, a Swiss-based digital assets infrastructure startup. The collaboration will see the banking giant tap into the fintech startup’s technology to offer crypto custody and tokenization services. дальше »

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SEC Boss Gary Gensler Completes Senate Hearing: Here’s What Crypto Investors Should Know

SEC Chairman Gary Gensler is on the hot seat as the Senate Banking Committee demands answers and clarity on a range of topics including the commission’s ongoing investigations in the crypto space and Gensler’s belief that cryptocurrencies should be regulated under the securities law. дальше »

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SEC’s Gensler avoids Bitcoin ETF question in latest Senate hearing

Gary Gensler, the Chairman of the SEC, stood before the Senate Banking Committee on Sept. 12, answering questions on topics ranging from artificial intelligence to the enforcement actions against the cryptocurrency industry. дальше »

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Gensler defends extensive rule-making record in congressional grilling

U. S. Securities and Exchange Commission (SEC) Chairman Gary Gensler defended the agency’s record of regulation, enforcement, and its rulemaking authority during a contentious hearing before the Senate Committee on Banking, Housing, and Urban Affairs this Tuesday, Sept. дальше »

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Banking Powerhouse HSBC Working With Crypto Custody Firm Fireblocks: Sources

Fireblocks, which specializes in cryptocurrency safekeeping technologies such as multi-party computation (MPC), already works with BNY Mellon and BNP Paribas. дальше »

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Video: Senate Banking Committee Chair Slams Crypto In Congressional Hearing

In explosive opening remarks in today’s Senate Banking Committee hearing, Chairman Sherrod Brown offered a scolding rebuke of the crypto sector saying FTX wasn’t a lone bad apple - just the biggest and the ugliest. дальше »

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SEC’s Gensler accuses crypto industry of ‘wide-ranging non-compliance’

In written remarks submitted ahead of a hearing before the US Senate Banking Committee, SEC Chair Gary Gensler has once again reiterated his stance on crypto. The US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, doesn’t seem to change… дальше »

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Crypto On Capitol Hill: Here’s What SEC Chair Gensler Will Say At Today’s Hearing

In a highly anticipated appearance before the Senate Banking Committee, Securities and Exchange Commission (SEC) Chair Gary Gensler is set to reiterate his stance on the regulatory landscape of crypto today (10:00 am ET). дальше »

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SEC’s Gary Gensler to hold firm on crypto enforcement in Senate hearing

Despite his agency suffering a slew of losses in the courts, Gensler is sticking to his guns at the Senate Banking Committee hearing. дальше »

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SEC Chief Addresses AI and Crypto Regulations in Congressional Statement

In his prepared statement released in advance of his appearance before the Senate Banking Committee on September 12th, SEC head Gary Gensler takes aim at AI and crypto and proposes new regulations for investor protection. дальше »

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Fed watchdog Michael Barr calls stablecoins risk for economy

Federal Reserve’s Michael Barr highlights the risks of unregulated stablecoins, emphasizing the need for robust federal oversight in the evolving digital currency landscape. Michael Barr, the Federal Reserve’s leading authority on banking oversight, has voiced robust concerns regarding stablecoins operating… дальше »

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Coinbase plans major expansion in countries with “clear crypto rules”

Coinbase targets expansion across the EU, UK, Brazil and Singapore among other jurisdictions with clear regulatory trajectory. The exchange also has plans for major partnerships with banking providers and seeks to expand its products and services, including derivatives. дальше »

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Russian lawmakers believe digital ruble will replace banks

Anatoly Aksakov, head of Russia’s Banking Committee, believes that the digital ruble could potentially render traditional banking institutions obsolete. In a discussion at the AiF.Media club, Aksakov opined that the evolving landscape of financial technology could reduce the necessity for… дальше »

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Digital ruble rise threatens future of conventional banking in Russia

Anatoly Aksakov, the chairman of Russia’s Financial Market Committee in the State Duma, suggested that the Digital Ruble, a central bank digital currency (CBDC), could potentially render traditional banks redundant, as local media outlet Ria reported on Sept 5. дальше »

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Russian Lawmaker Predicts That Digital Ruble Will Displace Banks

Soon it will be possible to get a loan in the digital ruble and decisions will be made by a robot, Anatoly Aksakov, the head of the State Duma Banking Committee, said in a meeting. дальше »

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BTC bull market began in March, more will realize in a year — Arthur Hayes

The BitMEX co-founder says Bitcoin has been on a bull run since the Fed’s $25 billion dollar program aimed at stabilizing the U.S. banking system. дальше »

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Web3’s Swiss Army knife of personal finance Changex joins Cointelegraph Accelerator

Changex combines crypto trading and lending with traditional banking features that also include an upcoming Visa debit card.

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XRPL AMM: No Need for Cash or Medium of Exchange, Banking Veteran Says

During recent Ripple webinar, Dr. Marius Jurgilas, SVP of SUPER HOW? research and development company, explains role AMMs can play in tokenized assets segment дальше »

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Компании Mitsubishi и Ginco объявили о партнерстве для создания траста криптоактивов

Банковская группа Mitsubishi UFJ Trust and Banking Corporation и компания по разработке Web3-решений Ginco объявили о начале совместного внедрения первой в стране услуги криптовалютного траста. дальше »

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Banking Giant JPMorgan Unfazed by Crypto Downturn

JPMorgan Chase & Co. has released a research report suggesting that the cryptocurrency market's recent downturn, notably Bitcoin's decline may be nearing its end дальше »

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Crypto Disruption On Job Roles

Cryptocurrency and blockchain technology have indeed brought about significant disruptions in various sectors, extending beyond just the global banking system. These innovations have had a profound impact on job creation. дальше »

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SEC Chair Gary Gensler to testify before Congress twice this September

Securities and Exchange Commission (SEC) Chairman Gary Gensler is poised to testify before Congress twice this September — once before the Senate Banking Committee on September 12th and later the House Financial Services Committee on September 27th — according to reporting by Fox Business correspondent Eleanor Terrett. дальше »

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XRP May Have Just Become One Of The Biggest Threats to Big Banks Following Ripple’s Historic SEC Win

Historically, the banking industry's dominance over global transactions has been unassailable. However, the emergence of blockchain technology and the potential harboured by cryptocurrencies like XRP have set in motion a seismic shift that is upending this age-old paradigm. дальше »

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Ripple Labs’ UBRI Connect To Debut XRPL Banking Interface Prototype

In a recent revelation, Wrathof Kahmeman, a prominent figure in the XRP community, highlighted an intriguing development concerning Ripple Labs’s UBRI initiative on Twitter. He shared, “Interesting resume from the University of Waterloo touting recent CBDC research based on the XRPL. дальше »

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PayPal partners with Australian crypto exchange amid banking restrictions

Australian crypto exchange Independent Reserve forms a strategic alliance with PayPal, offering users enhanced funding options amidst increasing local bank restrictions. The Australian cryptocurrency exchange Independent Reserve has closed a partnership with PayPal. дальше »

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Australian exchange enlists PayPal as banks ‘close ranks’ against crypto

The new partnership offers investors extra choice and “mitigates the risks” of Australian crypto banking blocks, said Independent Reserve CEO Adrian Przelozny. дальше »

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Coinbase Is Talking With Canadian Banking Giants to Promote Crypto

U.S.-based crypto exchange Coinbase is in talks with Canadian banking giants, trying to convince them to support the crypto ecosystem in that nation, which the company recently entered as it grapples with regulatory uncertainty in its home country. дальше »

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Bitfinex introduces zero-cost deposits for Turkey customers

Bitfinex Turkey has partnered with local banking giant Vakıfbank to offer zero-cost deposits for the Turkish Lira (TRY). Customers will also access no-fee withdrawals for up to 2 million TRY. дальше »

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Binance US shifts to ‘crypto-only’ after dropping USD, MoonPay becomes new on-ramp

Prompted by regulatory pressures, Binance. US is transitioning to a crypto-only exchange, replacing USD with USDT as its base asset. As Binance reported, this move is a strategic response to banking partners suspending USD channels following the Securities and Exchange Commission (SEC) lawsuit. дальше »

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CBDCs offer faster settlements: Citi survey of global securities firms

The year-on-year growing support CBDCs is supported by ongoing domestic pilots and cross-border initiatives in various jurisdictions, banking giant Citi found. дальше »

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Binance US revives US dollar on-ramp after MoonPay partnership

Binance. US lost its banking partners after the SEC filed a lawsuit against Binance and its affiliates. It had announced it was switching to a crypto-only exchange after failing to get a banking partner. дальше »

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Binance US Taps MoonPay in Pivot to Crypto-Only Exchange

Binance. US has partnered with MoonPay to offer its customers reliable USD payment solutions after banking partners withdrew due to regulatory pressures. The partnership will allow customers to fund their Tether balance with dollars. дальше »

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Binance.US taps MoonPay as banking alternative to regain USD ramps

After having its banking ties slashed, crypto exchange Binance.US has revived its United States dollar on-ramp through a new partnership with MoonPay. дальше »

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Binance.US Teams Up With MoonPay Amid Banking Challenges And SEC Woes

Crypto exchange Binance. US has recently encountered many legal and financial obstacles amid heightened regulatory scrutiny. However, to restore a reliable influx of dollars, the exchange has allied with MoonPay, a payment startup renowned for its partnerships in the non-fungible token (NFT) sector, as reported by Bloomberg. дальше »

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Unraveling the Web Between Tether and Deltec: The Bank Behind FTX & Alameda Research

Amid heightened regulatory scrutiny, Deltec Bank & Trust faces investigation linked to cryptocurrency giant Tether, highlighting the complexities between traditional banking and evolving crypto platforms. дальше »

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Bitcoin’s flat trend amid surging treasury yields signals potential price upheaval

Quick Take A striking parallel is observed in the price behavior of Bitcoin during the banking collapse in March 2023 and the current market conditions. Before the banking downfall, Bitcoin’s price remained relatively dormant, oscillating in the narrow band of $23,000 to $25,000. дальше »

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Uzbekistan banks to issue crypto cards merging TradFi and DeFi

Private banks Kapital Bank and Ravnaq Bank gained approval to issue crypto cards. The crypto cards are meant to integrate traditional banking services with direct crypto exchange access. UzbThe post Uzbekistan banks to issue crypto cards merging TradFi and DeFi appeared first on AMBCrypto. дальше »

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FDIC highlights potential banking risks from crypto activities

In this year’s review, the FDIC evaluates the potential implications and challenges of integrating crypto activities into the traditional US banking framework. In its 2023 annual risk review, the US Federal Deposit Insurance Corporation (FDIC) dedicated a comprehensive section to… дальше »

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Ripple v. SEC: New Insights to Be Heard From Approved Investment Banker Declarant

New investment banking declarant set to appear in Ripple v. SEC case дальше »

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FDIC Crypto Warning Underlines U.S. Banking Agencies' Arm’s-Length Policy

The U.S. Federal Deposit Insurance Corp. added crypto as one of five broad categories this year in its annual risk report, a snapshot of the dangers the banking regulator considers a top priority at the moment. дальше »

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Artificial Intelligence Trend is Accelerating With ‘Lion’s Share’ in the U.S.: Morgan Stanley

The banking giant said in a report that around 15% of companies quantified a revenue or cost-benefit from applying machine learning in the first half of the year. дальше »

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How MakerDAO's strategies have galvanized demand for DAI, MKR

Over the last two months, MKR supply sent to exchanges has steadily pushed higher DAI's circulating supply registered the highest growth since March's banking crisis MakerDAO [MKR], popularlThe post How MakerDAO's strategies have galvanized demand for DAI, MKR appeared first on AMBCrypto. дальше »

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Global access to Web3: Understanding cultural differences

While crypto was invented to provide an alternative to the traditional banking system, converting to and from fiat currency is still necessary in many cases. дальше »

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How Paypal USD may affect Ethereum as first ‘stern warning’ appears

PYUSD's launch on the Ethereum blockchain could positively influence ETH, an analyst opined. The U.S. banking agency has cautioned banks from using the stablecoin. The entry of PayPal USD [PThe post How Paypal USD may affect Ethereum as first ‘stern warning’ appears appeared first on AMBCrypto. дальше »

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US bank reveals $166M in crypto holdings: Q2 earnings report

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

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Ripple’s XRP is Corruptible and Doesn’t Have Real Adoption, Claims Mark Yusko

Mark Yusko, founder of Morgan Creek Capital Management, debates the adoption and centralization of Ripple's XRP, highlighting its potential in the banking world but questioning its genuine market hold. дальше »

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