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“Woman loses $3,500 to Zelle scammer – this sign can help you protect your money” A woman is warning other Zelle users after she said she was scammed out of thousands of dollars. The woman, Denise, remains concerned that she’ll be targeted again after the incident in January. The saga began when Denise received a…
” HSBC enters The Sandbox to offer educational finance games “ HSBC, one of the largest European banks, with total assets of $2.4 trillion, announced its intention to buy a virtual plot of LAND within The Sandbox for an undisclosed amount. The new partners will develop opportunities for users to engage with sports, esports and gaming…
” Dedicated crypto teams booming within traditional financial firms “ Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total…
” Citi’s digital asset co-heads resign with plans to create crypto startup “ Alex Kriete, Co-Head of Digital Assets at Citi, announced his resignation from the banking giant after 11 years at the firm on March 10 via LinkedIn. He stated in his post that he intends to devote himself full-time to developing a new cryptocurrency…
” Global council adds DeFi banking firm Scallop to help secure payment data “ A council formed by traditional finance conglomerates American Express, Discover, Visa and Mastercard welcomes a decentralized finance (DeFi) banking firm to a forum of participating organizations that help toimprove payment data security worldwide. Scallop, a regulated DeFi banking app recently announced…
” Clear regulations will accelerate crypto adoption, says SEBA Bank exec “ With crypto being in the sights of many regulators, many have wondered if regulation is good or bad for crypto. However, Christian Borel, Senior Executive Officer at SEBA Bank, says that if the laws are clear, it may push crypto adoption forward. In…
“#Why wasn’t Russia ejected from SWIFT bank system? And what happens if it is?” Initial economic sanctions against Russia over its invasion of Ukraine did not include a move to sever the Kremlin’s access to the SWIFT international banking system – an omission that has sparked debate among world leaders. When pressed to explain why…
“# BNY Mellon partners with Chainalysis to track users’ crypto transactions ” The Bank of New York (BNY) Mellon has announced a partnership with blockchain-data platform Chainalysis to help track and analyze cryptocurrency products. BNY Mellon is the world’s largest custodian bank, currently overseeing $46.7 trillion in assets. Chainalysis is a blockchain-data analysis platform that…
“# Future of finance: US banks partner with crypto custodians ” Grayscale Investments’ latest report “Reimagining the Future of Finance” defines the digital economy as “the intersection of technology and finance that’s increasingly defined by digital spaces, experiences, and transactions.” With this in mind, it shouldn’t come as a surprise that many financial institutions have…
“# Ethereum dominance may dwindle as competitors emerge: Morgan Stanley ” Morgan Stanley’s wealth management global investment office has published a report on Ethereum (ETH) arguing that the blockchain’s dominance could dwindle if strong market competition emerges. The investment banking giant’s report is titled “Cryptocurrency 201: What Is Ethereum?” and it provides a detailed rundown…