Banks News

While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways. 

Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today. 

Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy. 

As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.

Market Analysis
FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly do marke...
Crypto conspiracy theories abound, but prop traders are just doing their job
Marcel Pechman
2022-06-26T22:00:00+01:00
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News
Deloitte wants to enable blockchain and digital asset-based services across many areas involving Bitcoin products like banking, rewards programs and others.
Deloitte and NYDIG set up alliance to help businesses adopt Bitcoin
Helen Partz
2022-06-21T14:30:42+01:00
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Explained
A DAO-based financial industry means lower fees across the board, accessibility, and transparency. Would it be possible?
How a DAO for a bank or financial institution will look like
Marcel Deer
2022-06-19T14:56:00+01:00
News
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it.
Tether aims to decrease commercial paper backing of USDT to zero
Helen Partz
2022-06-15T10:50:00+01:00
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Analysis
Bitcoin mining’s climate impact has been heavily criticized, but the emissions of corporate cash and investments have often flown under the radar.
Bitcoin and banking’s differing energy narratives are a matter of perspective
Richard Mason
2022-06-11T15:13:00+01:00
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News
Custodia wants to compel the Federal Reserve Board and its Kansas City branch to approve its application for a Fed master account within 30 days.
Crypto bank Custodia sues the Fed over 19 month delay on account approval
Jesse Coghlan
2022-06-08T02:50:40+01:00
3083
Analysis
As DeFi projects offering insane returns continue to infiltrate the market, experts believe that investors need to better equip themselves to avoid such scams....
Is education the key to curbing the rise of scammy, high-APY projects?
Shiraz Jagati
2022-06-04T14:38:00+01:00
4186
News
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse.
Japan passes bill to limit stablecoin issuance to banks and trust companies
Helen Partz
2022-06-03T11:07:07+01:00
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