Banking
Chokepoint 3.0? a16z Says Big Banks Are Quietly Strangling Crypto and Fintech Rivals
Andreessen Horowitz (a16z) partner Alex Rampell is sounding the alarm on what he’s calling “Operation Chokepoint 3.0” for the crypto industry. This is a new wave of anti-competition tactics allegedly...
JPMorgan Teams with Coinbase; Eric Balchunas Slams 1.4% Crypto Fees
JPMorgan Chase partnered with Coinbase to enable Chase customers to buy crypto, redeem rewards points for stablecoins, and link bank accounts directly to Coinbase. Coinbase announced on Wednesday that starting...
RAKBANK Partners With Bitpanda to Offer First In-App Crypto Trading in UAE
RAKBANK has officially become the first conventional bank in the UAE to offer crypto brokerage services directly through its mobile banking app. This development marks a notable step forward in...
Goldman Sachs, BNY Mellon Team Up on Blockchain for Money-Market Funds
Wall Street giants Goldman Sachs and BNY Mellon have introduced a new blockchain-based platform for institutional investors to access tokenized money market funds. The system, announced on July 23, allows...
Banks Say No to Ripple, but a Rare Fed Clause Could Force a Yes
Ripple’s quest for a national trust charter reveals intriguing details in Federal Reserve documents. Namely, under the section 12 CFR § 262.3, it’s stated that the Fed must publicize the application and generally...
XRP Whale’s $3.7 Billion Vote of Confidence in Ripple’s Push for a US Bank License
In a bold stride toward mainstream finance, Ripple has officially applied for a national banking license from the U.S. Office of the Comptroller of the Currency (OCC). This application represents...
Deutsche Bank to Establish Bitcoin and Crypto Custody Service
Germany’s Deutsche Bank AG is preparing to establish its crypto asset custody service in 2026, according to Bloomberg. The service will provide secure storage for cryptocurrencies, such as Bitcoin, and...
Wall Street Firm Recommends 40% Crypto Allocation – Biggest Endorsement Since Larry Fink
Ric Edelman, founder of Edelman Financial Engines, has issued one of the strongest endorsements of crypto from the traditional finance world since BlackRock’s Larry Fink. In a new message to...
A Top Citi Exec’s Warning and Barclays’ Ban Reveal a Stark Divide On Crypto
The battle between innovation and regulation took center stage at TheCityUK’s annual conference this week, where Citigroup UK CEO Tiina Lee made an urgent appeal: let regulated banks back into...
In Major Policy Clarification, Fed Chair Says Banks Are ‘Free to Engage’ With Crypto
Federal Reserve Chair Jerome Powell delivered a message to two very different audiences on Tuesday, June 24. For the broader economy, he signaled the central bank’s tough fight against inflation...
OCC Expands Crypto Activities for Banks, Allowing Buy and Sell of Assets
The U.S. Office of the Comptroller of the Currency (OCC) has expanded the role of banks in cryptocurrency-related activities. In a clarification released on Wednesday, OCC stated that national banks...
Deutsche Bank and Standard Chartered Expands Into U.S. Crypto Market
Leading financial institutions, such as Deutsche Bank and Standard Chartered, are eyeing the possibility of venturing into the U.S crypto market. This comes at a time when these financial giants...
Blackstone, Vanguard Plan New Funds Giving You Private Market Access
Three heavyweights in the investment world – Blackstone, Vanguard, and Wellington Management – announced a major team-up aimed at opening up private market investments, usually off-limits to everyday people, for...
Singapore Gulf Bank Now Lets Personal Clients Use Crypto Alongside Forex in Bahrain
Singapore Gulf Bank (SGB) launched their personal banking services, notably allowing integrated crypto transactions alongside advanced foreign exchange (forex) services. With this expansion, SGB aims to bridge traditional banking with...
Ripple XRP and Bank of America: Big Claims, Fewer Answers
Recent claims about Bank of America (BoA) using Ripple’s XRP for internal transactions have sparked heated debate within the financial and cryptocurrency sectors. While the bank’s potential use of XRP...
