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“# Avanti launches crypto-friendly bank in Wyoming ” According to an Oct. 28 announcement from Avanti, The Wyoming State Banking Board voted 8-0 to grant the financial institution a bank charter. The approval will allow Avanti to operate the new crypto-friendly bank under the name Avanti Bank & Trust as well as its “tokenized U.S….
“# Loan refinancer and BitLicensee SoFi is clear to launch a national bank in the US ” In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States. The OCC is the office of the U.S. Treasury…
“#Deutsche Bank eyes bonus hikes after third-quarter profit” Deutsche Bank plans to reward its top-performing bankers with higher bonuses this year after its investment arm helped it post a surprise third-quarter profit. The German megabank has piled up a larger amount of money for bonuses thanks to its stronger-than-expected performance so far this year amid…
“# DBS Digital Exchange shows crypto has gone mainstream in Asia: JST Capital ” A now-deleted webpage announcing that Singapore’s largest bank is planning to launch a “digital exchange” supporting crypto asset trading is the latest sign of increasing institutional adoption of virtual currencies. The document, which appeared briefly on the DBS website, announced the…
“#Goldman Sachs covered up sexual misconduct of top lawyer: lawsuit” Goldman Sachs staged a sham investigation to cover up a top lawyer’s steamy office affair — and then pushed out an attorney who tried to blow the whistle, an explosive lawsuit claims. Former vice president Marla Crawford alleged in a Monday lawsuit that the Wall…
“# Bitcoin price nears $13.5K as CEO eyes new all-time highs in 3 months ” Bitcoin (BTC) hit new highs of $13,480 on Oct. 27 as fresh news that a bank was entering the cryptocurrency space fuelled already bullish markets. Cryptocurrency market daily overview from Coin360 Bank news drives BTC price to $13,480 Data from…
“# JPMorgan’s stablecoin finally sees commercial light of day ” A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase’s in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments. According to a report on Oct. 27, this real-world proof that the technology is increasing efficiency and…
“# Singapore’s largest commercial bank reportedly launching crypto trading ” DBS, Singapore’s largest retail and commercial bank, seems to be entering the cryptocurrency space with three new offerings. According to a description of the platform shared with Cointelegraph, DBS’s upcoming crypto service — the DBS Digital Exchange — will support four major cryptocurrencies including Bitcoin…
“# British fintech firm opening physical crypto bank branches in India ” According to an Oct. 26 announcement from Cashaa, the fintech firm will be partnering with India’s United Multistate Credit Cooperative Society to build a crypto-friendly financial institution called UNICAS. This new venture will reportedly include 34 “physical branches and operations” in northern India,…
“# Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos ” The Central Bank of Kenya, or CBK, has reportedly started discussions with international central banks to explore the possibility of entering the central bank digital currency space. CBK governor Dr. Patrick Njoroge told reporters during Georgetown’s DC Fintech week that: ““We [the…