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Paxos Trust Company, the cryptocurrency firm behind Paypal’s stablecoin PYUSD, is seeking a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), Reuters reported.…
The Wall Street Journal reports that President Donald Trump has allegedly prepared a draft executive order warning banking regulators and financial institutions that they could face disciplinary action if they…
PNC Bank has formed a strategic partnership with cryptocurrency exchange Coinbase to expand digital asset services for its clients. The collaboration will leverage Coinbase’s institutional-grade Crypto-as-a-Service platform to enable PNC’s…
Safello has signed a strategic framework agreement with Marginalen Bank, allowing Safello’s over 400,000 customers to access a range of banking services through its platform. This partnership introduces Banking-as-a-Service (BaaS),…
Bitcoin Magazine German Bank Sparkassen-Finanzgruppe Plans to Offer Bitcoin For Private Customers Germany’s largest savings bank financial group, known as the Sparkassen-Finanzgruppe, have announced their plan to offer Bitcoin and…
America’s leading financial institutions are eyeing stablecoins, and a recent report reveals that multiple banks are quietly collaborating on ventures to debut crypto assets tethered to the U.S. dollar. WSJ:…
Bitcoin Magazine ruya Becomes First Islamic Bank to Offer Bitcoin and Virtual Asset Investments In a landmark development for Islamic finance and digital banking, ruya (رويا), the UAE’s digital-first Islamic…
Dutch banking giant ING is quietly laying the groundwork for a new stablecoin project, teaming up with players from both traditional finance and the crypto space to carve out a…
Wall Street bleeds, US Banks cleared for crypto, SEC commissioner calls for 7 crypto reforms, and more in this Week in Review. Week in Review Wall Street shed $2.85 trillion…
$81 trillion was erroneously credited by Citigroup, as the customer was only meant to receive $280. The payment bypassed all Citigroup controls and had to be reversed several hours after…