Bank

Fed’s Powell Says He’s Also Worried About Debanking That Strained U.S. Crypto

As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he’ll address.

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ConsenSys Twice Hit by Operation Chokepoint, CEO Lubin Credits Bank for Fighting Back

The MetaMask creator survived by having redundant backup accounts, said Lubin, who was also personally targeted.

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UBS Tests ZKSync’s Layer-2 Tech, Showing Deeper TradFi Interest in Crypto

The Swiss banking giant, which has been experimenting with blockchain, tapped the layer-2 firm to test whether it could scale its current Key4 Gold program.

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State of Crypto: Trump’s Second First Week

Donald Trump and the GOP hit the ground running in his first week as the new U.S. president.

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Binance.US Chief: The SEC Called Us a Cauldron of Fraud, Without Any Evidence

The debanking of Binance.US is Operation Chokepoint in action, said the exchange’s interim CEO Norman Reed.

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U.S. Fed’s Michael Barr to Step Down as Vice Chair for Supervision

Barr will continue to serve as a member of the Federal Reserve Board of Governors.

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Bank Clients Just Dipped Their Toes Into Bitcoin ETFs, but Q4 Could See a FOMO Spike

The most recent batch of 13F reports filed by institutional investors was uneventful alongside bitcoin’s price action during the third quarter.

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Money Launderer Who Moved Scam Victims’ Funds Faces Up to Two Decades in U.S. Prison

Daren Li oversaw the transfer of more than $73 million from crypto scam victims to wallets he and his co-conspirators controlled.

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Central Bank Group BIS Names Hernández de Cos as Next General Manager

ES Pablo Hernández de Cos has called for digital euro implementation and helped put in place küresel crypto banking rules.

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JPMorgan Renames Blockchain Platform to Kynexis, to Add On-Chain FX Settlement for USD, EUR

The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities, executing over $1.5 trillion of transactions since its inception.

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