banking

Federal Reserve official set to lead U.S. banking regulator: reports

Federal Reserve official set to lead U.S. banking regulator: reports

Treasury Secretary Janet Yellen is reportedly set to name a Federal Reserve official to take over at the U.S. Office of the Comptroller of the Currency on an acting basis, according to reports from the Wall Street Journal and Politico.  Yellen has reportedly tapped Michael Hsu, who currently serves as an assistant director at the …

Federal Reserve official set to lead U.S. banking regulator: reports Read More »

Spanish banking giant BBVA is said to be launching crypto trading and custody services

Spanish banking giant BBVA is said to be launching crypto trading and custody services

BBVA, Spain’s second-largest bank, is reportedly launching cryptocurrency trading and custody services in the coming months. CoinDesk reported the news on Monday, citing “two people familiar with the plans.” BBVA will reportedly offer the services from Switzerland and is awaiting regulatory approvals. “There are still some compliance hurdles so this will not be in December, …

Spanish banking giant BBVA is said to be launching crypto trading and custody services Read More »

Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid

Blockchain Bites: Bitcoin’s Run, Uniswap’s Hemorrhaging Value, Anchorage’s Banking Bid

Bitcoin is nearing all-time highs in price and market cap last set three years ago. Anchorage has applied with the OCC for a national bank charter. Community members have proposed a vote to reinstate Unsiwap’s liquidity mining program. Top shelf 15% belowBitcoin traded above $17,000 Tuesday at 12:00 UTC for the first time since Jan. …

Blockchain Bites: Bitcoin’s Run, Uniswap’s Hemorrhaging Value, Anchorage’s Banking Bid Read More »

Galaxy posts Q2 results, reporting uptick in trading and banking activity despite slump in net income

Galaxy posts Q2 results, reporting uptick in trading and banking activity despite slump in net income

Mike Novogratz’s Galaxy Digital posted financials for the second quarter of the year Friday, posting comprehensive net income figures that fall short of the year prior despite progress in trading and investment banking.  Galaxy, which bills itself as a merchant bank for the digital asset world, trades on Canada’s Toronto Stock Exchange after recently joining …

Galaxy posts Q2 results, reporting uptick in trading and banking activity despite slump in net income Read More »

The number of blockchain investment deals has declined for seven consecutive months

U.S. regulator seeks public input as it reviews crypto, DLT activities in the banking sector

The Office of the Comptroller of the Currency – which regulates banks in the U.S. – is seeking feedback from the public on the digital activities of national banks and federal savings associations, which includes actions related to cryptocurrencies and digital assets. The OCC published two notices on Thursday, a Notice of Proposed Rulemaking and …

U.S. regulator seeks public input as it reviews crypto, DLT activities in the banking sector Read More »