Cryptocurrency Analysis and News Portal
Meanwhile, Tesco plans to expand its rapid delivery series Whoosh to 800 stores by the end of the month. British multinational grocery and general merchandise retailer Tesco (LON: TSCO) is considering selling its banking business arm. This comes as the retailer plans to review its presence in the banking sector
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Binance, the world's leading crypto exchange by trading volume, will temporarily suspend bank transfers in U.S. dollars. The exchange stated in a tweet on Feb. 6 that no other trading methods would be affected. The announcement came with no explanation. However, exchange CEO Changpeng Zhao noted in a tweet that
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Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market fall in 2022 won’t waver institutional interest in digital assets. At a conference run by Afore Consulting on Feb. 8, Demissie said the digital asset industry is “here to stay”
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Without Custodia in this mix of bank-related crypto news, I’m not sure this piece of the news cycle would have anything worth paying close attention to for long. A lot of crypto is predicated on trading, gambling and “number-go-up technology” butting up against nebulous financial securities laws – so skittishness
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The panel is calling the Valentine’s Day hearing “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets,” according to a hearing schedule released Friday, and its position as one of the first issues to be addressed by the lawmakers demonstrates the urgency of crypto issues in Congress. Source
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South Carolina Senator Tim Scott, the Republican ranking member on the United States Senate Banking Committee, reportedly plans to develop “a bipartisan regulatory framework" for cryptocurrencies.According to a Feb. 2 report from Politico, Scott included the crypto framework as one of his priorities for the 118th Congress. He reportedly was
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Senator Tim Scott, the top Republican on the Senate Banking Committee, will release his priorities for a bipartisan regulatory framework for cryptocurrency on Thursday, according to Politico. Source
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Although LevelField may become the first FDIC-insured bank to offer crypto services, that does not mean the bank will necessarily offer a safer way to invest in volatile digital assets. FDIC insurance protects bank depositors against losses of up to $250,000 in case of a bank failure, but cryptocurrencies are
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How Policy Shaped Crypto’s Banking Prospects Source
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Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With Binance Sets $100,000 Transaction
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