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.

Markets News
BTC volatility is at a record low, inflows to spot markets remain muted and this week’s economic calendar suggests that volatility is set to rock the crypto mar...
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7090
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According to recent research, major financial institutions tied to the Federal Reserve see the U.S. facing a “shallow” or “mild” recession in 2023.
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The asset class volatility still poses a challenge to money managers, noted JPMorgan’s head of institutional portfolio strategy.
Crypto is a nonexistent asset for big institutional investors — JPMorgan exec
Ana Paula Pereira
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13617
News
One of the biggest banks in America has once again paid a billion-dollar fine for the illegal treatment of its customers.
Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse
David Attlee
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Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.
Crypto could spark the next financial crisis, says India’s RBI head
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An end-of-the-year report from Accenture showed that despite traditional payment methods dominating many markets, consumers are curious about crypto.
Consumers are crypto-curious — One in five own digital currency: Accenture
Savannah Fortis
2022-12-21T10:00:00+00:00
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The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ crypto activities — and some licensed banks may have t...
New York State issues guidance for banks seeking to engage in activities with crypto
Derek Andersen
2022-12-15T20:15:00+00:00
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Opinion
Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.
What Goldman Sachs' CEO misunderstands about private blockchains
Omid Malekan
2022-12-13T22:38:12+00:00
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