BankingNews
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Reserve Bank of Australia (RBA) Governor dismisses crypto’s financial role, sparking concerns Australia may fall behind in global innovation.
#BankOfJapan #BankingFailures #BankFraud #BankingNews #bankcrashes
#BankOfJapan #BankingFailures #BankFraud #BankingNews #bankcrashes
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Goldman Sachs CEO Solomon:
I do not see an interest rate cut in 2024…
Why would a bank CEO say that interest rates will be cut? He wants to convince people that there will be no interest rate decrease in 2024 and give loans at high interest rates...????
What are your thoughts…??
#BinanceLaunchpool #btc #BankingNews
I do not see an interest rate cut in 2024…
Why would a bank CEO say that interest rates will be cut? He wants to convince people that there will be no interest rate decrease in 2024 and give loans at high interest rates...????
What are your thoughts…??
#BinanceLaunchpool #btc #BankingNews
🌐 **State Street Explores Blockchain Innovations**
- 💵 **Initiative**: State Street, a $4 trillion banking giant, is considering stablecoins and tokenized deposits for blockchain transfers.
- 🤝 **Partnerships**: Collaborating with Fnality International for settlement options and Galaxy Digital for crypto trading products.
- 🔧 **Development**: Rebuilding its digital asset division to offer crypto custody services.
- 📈 **Expansion**: Increasing involvement in digital-cash consortium efforts.l
#BankingNews
- 💵 **Initiative**: State Street, a $4 trillion banking giant, is considering stablecoins and tokenized deposits for blockchain transfers.
- 🤝 **Partnerships**: Collaborating with Fnality International for settlement options and Galaxy Digital for crypto trading products.
- 🔧 **Development**: Rebuilding its digital asset division to offer crypto custody services.
- 📈 **Expansion**: Increasing involvement in digital-cash consortium efforts.l
#BankingNews
🌐 **State Street Explores Blockchain Innovations**- 💵 **Initiative**: The $4 trillion banking giant is investigating the use of stablecoins and tokenized deposits for blockchain-based transfers.- 🤝 **Partnerships**: Teaming up with Fnality International for settlement solutions and Galaxy Digital for crypto trading products.- 🔧 **Development**: Revamping their digital asset division to provide crypto custody services.- 📈 **Expansion**: Enhancing participation in digital-cash consortium projects.#BankingNews #Bitcoin
Switzerland's fourth largest bank, Zurich Cantonal Bank, launches $BTC & $ETH trading.
#Binance #Bitcoin #Ethereum #BankingNews #TrendingTopic
#Binance #Bitcoin #Ethereum #BankingNews #TrendingTopic
DBS Bank to Launch Crypto Options & Structured Notes for Institutional Clients – A Major Step Toward Crypto Adoption in Singapore
Exciting news in the world of institutional crypto! 🌐 Singapore's DBS Bank is set to launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. Starting in Q4 2024, the bank will offer financial products tied to Bitcoin (BTC) and Ether (ETH), giving clients more ways to hedge against market volatility and manage digital asset portfolios.
By allowing professional investors to use options and structured notes, DBS is expanding the horizon for crypto asset exposure. Institutional clients can now invest with confidence using advanced investment strategies, backed by DBS' robust banking infrastructure.
This move aligns with DBS' broader push into Web3 technology. Recent projects include launching blockchain-based Treasury Tokens and integrating blockchain into grant distribution systems.
Singapore’s supportive banking environment continues to put it at the forefront of crypto adoption, outpacing other jurisdictions like Hong Kong and the UAE. 🇸🇬
Disclaimer: This post is for informational purposes only and should not be taken as financial or investment advice. Please consult with a financial advisor before making any investment decisions.
#DBS #BankingNews #CryptoNewss #BinanceSquareFamily #adoption $BTC
$ETH
Exciting news in the world of institutional crypto! 🌐 Singapore's DBS Bank is set to launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. Starting in Q4 2024, the bank will offer financial products tied to Bitcoin (BTC) and Ether (ETH), giving clients more ways to hedge against market volatility and manage digital asset portfolios.
By allowing professional investors to use options and structured notes, DBS is expanding the horizon for crypto asset exposure. Institutional clients can now invest with confidence using advanced investment strategies, backed by DBS' robust banking infrastructure.
This move aligns with DBS' broader push into Web3 technology. Recent projects include launching blockchain-based Treasury Tokens and integrating blockchain into grant distribution systems.
Singapore’s supportive banking environment continues to put it at the forefront of crypto adoption, outpacing other jurisdictions like Hong Kong and the UAE. 🇸🇬
Disclaimer: This post is for informational purposes only and should not be taken as financial or investment advice. Please consult with a financial advisor before making any investment decisions.
#DBS #BankingNews #CryptoNewss #BinanceSquareFamily #adoption $BTC
$ETH
🌐 State Street Explores Blockchain Innovations
- 💵 Initiative: State Street, a $4 trillion banking giant, considers stablecoins and tokenized deposits for blockchain transfers.
- 🤝 Partnerships: Collaborates with Fnality International for settlement options and Galaxy Digital for crypto trading products.
- 🔧 Development: Rebuilding digital asset division to offer crypto custody services.
- 📈 Expansion: Increasing involvement in digital-cash consortium efforts.
#BankingNews #Bitcoin
- 💵 Initiative: State Street, a $4 trillion banking giant, considers stablecoins and tokenized deposits for blockchain transfers.
- 🤝 Partnerships: Collaborates with Fnality International for settlement options and Galaxy Digital for crypto trading products.
- 🔧 Development: Rebuilding digital asset division to offer crypto custody services.
- 📈 Expansion: Increasing involvement in digital-cash consortium efforts.
#BankingNews #Bitcoin
📉 Breaking News: New York Community Bank plunges 42%, prompting trading halt.
🏦 Crisis Unfolding? 🤔
#BankingNews #FinancialMarkets #bankcrashes #BankruptcyUpdate #BTC
🏦 Crisis Unfolding? 🤔
#BankingNews #FinancialMarkets #bankcrashes #BankruptcyUpdate #BTC
$XRP - chart analyses:
-The weekly price remain bearish but reacted on the 4$ & uptrend key support.
-The daily view is neutral now and showing some bullish reversal signs📈
-The current price is bullish and broken nicely an ascending triangle! On the H4 view there is good chances to also see a a breakout of the bearish channel! 📈
In case of successfull breakout, we could target the 0.500$ - 0.5200$ resistance zone!
➡️I therefore see a bullish scenario as the price corrects on the long-term view📈
The price is currently under very strong resistance and will probably retest the $0.450 - 0.440$ support zone of the triangle before ❗️
[possible bullish setup shared in the chart]
#XRP #TradingShot #Ripple💰 #BankingNews #bullrun2024📈📈
-The weekly price remain bearish but reacted on the 4$ & uptrend key support.
-The daily view is neutral now and showing some bullish reversal signs📈
-The current price is bullish and broken nicely an ascending triangle! On the H4 view there is good chances to also see a a breakout of the bearish channel! 📈
In case of successfull breakout, we could target the 0.500$ - 0.5200$ resistance zone!
➡️I therefore see a bullish scenario as the price corrects on the long-term view📈
The price is currently under very strong resistance and will probably retest the $0.450 - 0.440$ support zone of the triangle before ❗️
[possible bullish setup shared in the chart]
#XRP #TradingShot #Ripple💰 #BankingNews #bullrun2024📈📈
US SEC Eases Crypto Reporting For Banks And Brokerages 🚨
accounting rule, the U.S. Securities and Exchange Commission (SEC) is now offering some relaxation on crypto reporting for banks and brokerages.
SEC Allows Banks to Exclude Crypto Holdings from Balance Sheets
The U.S. securities regulator has now opened up a new pathway for banks and brokerages to avoid reporting their customers’ crypto holdings on their balance sheets. However, the banks need to make sure that they mitigate all associated risks. This is a welcome move in response to the controversial crypto-accounting guidance turning into a matter of strong debate in Congress.
The SEC staff has already started offering guidance on certain arrangements that don’t make it mandatory to report a liability of crypto holdings on the balance sheets, said an SEC source familiar with the matter.
Several top banking players have been in consultation with the US SEC over the last year. They have also received the approval to bypass the balance sheet reporting while making sure about the protection of customers’ assets in the case of bankruptcy.
The SEC has demanded additional measures from the bank, including internal safeguards to enhance the protection of these holdings, the source told Bloomberg.
Other Crypto Firms Likely to Benefit From the Rules The SEC’s stand on crypto accounting could be applicable to several other crypto companies in the US offering similar services to crypto holders. Lenders have been arguing that the strict accounting rules prevented them from offering crypto services since bigger balance sheets would trigger capital requirements from the banks, not the SEC.
Bank and financial industry trade groups have been advocating for Congress to rescind the staff guidance, which functions as an agency rule. On Thursday, the House failed to override a presidential veto of a measure that sought to revoke Staff Accounting Bulletin 121, thereby leaving the accounting rule as it is.
#CPI_BTC_Watch #BankingNews #Megadrop
accounting rule, the U.S. Securities and Exchange Commission (SEC) is now offering some relaxation on crypto reporting for banks and brokerages.
SEC Allows Banks to Exclude Crypto Holdings from Balance Sheets
The U.S. securities regulator has now opened up a new pathway for banks and brokerages to avoid reporting their customers’ crypto holdings on their balance sheets. However, the banks need to make sure that they mitigate all associated risks. This is a welcome move in response to the controversial crypto-accounting guidance turning into a matter of strong debate in Congress.
The SEC staff has already started offering guidance on certain arrangements that don’t make it mandatory to report a liability of crypto holdings on the balance sheets, said an SEC source familiar with the matter.
Several top banking players have been in consultation with the US SEC over the last year. They have also received the approval to bypass the balance sheet reporting while making sure about the protection of customers’ assets in the case of bankruptcy.
The SEC has demanded additional measures from the bank, including internal safeguards to enhance the protection of these holdings, the source told Bloomberg.
Other Crypto Firms Likely to Benefit From the Rules The SEC’s stand on crypto accounting could be applicable to several other crypto companies in the US offering similar services to crypto holders. Lenders have been arguing that the strict accounting rules prevented them from offering crypto services since bigger balance sheets would trigger capital requirements from the banks, not the SEC.
Bank and financial industry trade groups have been advocating for Congress to rescind the staff guidance, which functions as an agency rule. On Thursday, the House failed to override a presidential veto of a measure that sought to revoke Staff Accounting Bulletin 121, thereby leaving the accounting rule as it is.
#CPI_BTC_Watch #BankingNews #Megadrop
Crypto Banking Trends: Factors Fueling the Sector in 2024
#CryptoCommunty #BankingNews #ETF✅ #HOTNEWSTODAY #Hotternds
Crypto banking in 2024 sees significant developments with regulatory frameworks and global crypto adoption driving the industry forward. More companies adopt crypto banking solutions to offer new services and stay competitive. Coincub's analysis reveals key trends:
The US and UK lead in crypto banking companies due to regulatory clarity and customer interest.Europe boasts the largest number of crypto banks, with major institutions like Standard Chartered UK and Barclays UK investing heavily.Ukraine showcases growing crypto adoption, with increasing community involvement and cryptocurrency payment platforms.ETFs, particularly Bitcoin ETFs like BlackRock's iShares, gain traction, boosting confidence in crypto as a mainstream investment.Recognition of Ether as a security by the SEC could impact various sectors, potentially benefiting Bitcoin.Stablecoins play a crucial role, with 35% of banks supporting their issuance, although regulatory concerns persist.Security remains a primary concern, with measures like regular security checks and cold storage employed to protect assets.Regulatory uncertainty, legal discrepancies, and market volatility pose challenges, but efforts to address these issues are underway.Despite hurdles, the crypto banking sector is evolving, driven by increased transparency and customer interest, though security, regulatory clarity, and market stability remain focal points for improvement.
Crypto banking in 2024 sees significant developments with regulatory frameworks and global crypto adoption driving the industry forward. More companies adopt crypto banking solutions to offer new services and stay competitive. Coincub's analysis reveals key trends:
The US and UK lead in crypto banking companies due to regulatory clarity and customer interest.Europe boasts the largest number of crypto banks, with major institutions like Standard Chartered UK and Barclays UK investing heavily.Ukraine showcases growing crypto adoption, with increasing community involvement and cryptocurrency payment platforms.ETFs, particularly Bitcoin ETFs like BlackRock's iShares, gain traction, boosting confidence in crypto as a mainstream investment.Recognition of Ether as a security by the SEC could impact various sectors, potentially benefiting Bitcoin.Stablecoins play a crucial role, with 35% of banks supporting their issuance, although regulatory concerns persist.Security remains a primary concern, with measures like regular security checks and cold storage employed to protect assets.Regulatory uncertainty, legal discrepancies, and market volatility pose challenges, but efforts to address these issues are underway.Despite hurdles, the crypto banking sector is evolving, driven by increased transparency and customer interest, though security, regulatory clarity, and market stability remain focal points for improvement.
$GCB is ready to roar in the whole world due to its powerful supporting projects and incredible burning strategies which will burn 2 billion $GCB out of 2.5 billion. It will result in skyrocketing it's price.
#BTC #BankingNews #FinancialTransparency
#BTC #BankingNews #FinancialTransparency
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Goldman Sachs Alumni Establish Cryptocurrency Investment Firm
According to PANews, Michael Bucella and Steve Lee, both alumni of Goldman Sachs Group and BlockTower Capital, have founded a new cryptocurrency investment firm named Neoclassic Capital. The firm focuses on derivatives, tokenization of real-world assets, entertainment, gaming, and social sectors.
In an interview, they revealed plans to invest in both private and public cryptocurrency markets. Since its establishment in January, the firm has received investments from venture capitalists such as Marc Andreessen, Chris Dixon, and Tampa Bay Lightning owner Jeff Vinik. The company has also secured investments from global investors including Zurich investment advisor L1 Digital AG and SBI Holdings executive Genki Od.
However, both Bucella and Lee have declined to disclose the assets they manage, citing confidentiality reasons.
In an interview, they revealed plans to invest in both private and public cryptocurrency markets. Since its establishment in January, the firm has received investments from venture capitalists such as Marc Andreessen, Chris Dixon, and Tampa Bay Lightning owner Jeff Vinik. The company has also secured investments from global investors including Zurich investment advisor L1 Digital AG and SBI Holdings executive Genki Od.
However, both Bucella and Lee have declined to disclose the assets they manage, citing confidentiality reasons.
China is pumping $145 billion into its banks, similar to what happened back in 2008 when markets shot up by 1,200%! Now, with China focusing on AI, altcoins are set to see huge growth, potentially rising by up to 12,000%. After reviewing tons of tokens, I’ve found one that could truly change the game.
Meet MoonPrime Games ($LUNAR), a project centered around an AI-driven, play-to-earn gaming ecosystem. Imagine AI-powered characters (NPCs) that can trade, communicate, and create virtual economies where players like you can earn real money. With a small market cap of just $600K, the potential for growth is enormous. Experts even believe $LUNAR could reach $900 by 2025, which makes it an exciting investment opportunity.
This isn’t just about gaming—it’s about combining blockchain and AI to create something entirely new. If you want to be part of the future of gaming and digital economies, this is a project you won’t want to miss! It’s a chance to get in early and ride the wave as AI transforms the gaming world.
#ChinaCrypto #China #BankingNews #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC
Meet MoonPrime Games ($LUNAR), a project centered around an AI-driven, play-to-earn gaming ecosystem. Imagine AI-powered characters (NPCs) that can trade, communicate, and create virtual economies where players like you can earn real money. With a small market cap of just $600K, the potential for growth is enormous. Experts even believe $LUNAR could reach $900 by 2025, which makes it an exciting investment opportunity.
This isn’t just about gaming—it’s about combining blockchain and AI to create something entirely new. If you want to be part of the future of gaming and digital economies, this is a project you won’t want to miss! It’s a chance to get in early and ride the wave as AI transforms the gaming world.
#ChinaCrypto #China #BankingNews #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC