Cryptocurrency Analysis and News Portal
The future of AI in finance is exciting, with the potential to improve efficiency, accuracy and customer experience. However, it will be essential for financial institutions to carefully manage the risks and challenges associated with the use of AI. The use of AI in financial services has the potential
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to a SEC filing, Metropolitan Commercial Bank is almost done terminating its crypto-related services. The bank currently has $278.5 million in deposits tied to cryptos. The bank reported that its withdrawal from the crypto industry was
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Danish startup Januar announced April 19 that it has received a Payment Institution License from the country’s Financial Supervisory Authority (DFSA). The license will allow Januar to conduct business in the 30 European Economic Area markets, whereas it only served Danish companies under its previous limited permission. Januar provides International
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Another section calls for a study on “the potential impact” of a central bank digital currency (CBDC), or digital dollar, on the Fed’s monetary policy tools, U.S. financial sector, banking sector and financial stability, as well as to payment services. The Treasury Department, alongside the various regulators, would have to
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The United States House of Representatives Committee on Financial Services will hold a hearing on stablecoin regulation on April 19. The hearing follows the announcement of a new draft bill in the House to provide a framework for stablecoins regulation. Some of the speakers invited have released advance transcripts of
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“In the midst of market chaos, Unchained has emerged as a highly trusted provider of bitcoin custody and financial services through superior technology, risk management, regulatory compliance, and client service,” said Valor partner Vivek Pattipati, who will be joining the Unchained board of directors. “Particularly in lending, the company has
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The bear market grind has not deterred a $60 million raise from a Bitcoin-only company. Unchained, a financial services provider for Bitcoin (BTC) holders, has announced a $60 million Series B funding round led by Valor Equity Partners. NYDIG, Trammell Venture Partners, Ecliptic Capital and Highland Capital Partners also participated.Unchained Capital
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ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong
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Subject to regulatory approval, LCH has partnered with GFO-ax to offer the clearing of Bitcoin index derivatives. As the Bitcoin and broader cryptocurrency market gain global recognition amid banking crisis, the United Kingdom institutional investors can rest assured the Rishi Sunak government is pro-digit assets. In a stunning move, the London
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Leadership in the United States House of Representatives Financial Services Committee was not satisfied with Securities and Exchange Commission head Gary Gensler’s response to their request for documents. They have reached out to the SEC chairman again in a sharply worded letter. Committee chair Patrick McHenry and chair of the Oversight
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