FDIC Urged Banks to ‘Pause’ Crypto Activities, Court Documents Reveal
Court filings from a Freedom of Information Act (FOIA) lawsuit indicate the Federal Deposit Insurance Corporation (FDIC) requested banks to halt activities related to digital assets. These “pause letters,” dated 2022, were disclosed as part of legal proceedings in the U.S. District Court for the District of Columbia.
U.S. Banks Instructed to Halt Crypto Services, Coinbase Uncovers Evidence
Confidential letters from the Federal Deposit Insurance Corporation (FDIC) reveal a systematic effort to block crypto businesses from accessing U.S. banking services, according to documents obtained by Coinbase.
Is it Bitcoin’s time to Shine, as the Banking System Falters?
Bitcoin's price action this week provides a clear market signal that Bitcoin is decoupling from other assets. Is Bitcoin, for the first time, acting as a safe haven asset in response to the traditional banking system and in response to a globally fraught central bank monetary policy?
Will millennials be a cashless generation?
Millennials are driving the change and shaping the future of money. By 2025, millennials (those born after 1980) will comprise three quarters of the global workforce and according to Pew Research, in the US, they will overtake the baby boomer generation by 2019.
Leading the pack in blockchain banking:Trailblazers set the pace
Banking organizations across the globe are investing resources in exploring how blockchains can impact their businesses. The IBM Institute for Business Value with the support of the Economist Intelligence Unit surveyed 200 banks in 16 countries on their experiences and expectations with blockchains. This executive report outlines what differentiates the early adopters and what we can learn from them.
Making blockchain a reality
A radical change in culture is required to re-think banks' business models in order to prosper in the future. So banks must devote adequate focus and manpower if they are to keep up pace with the market, but, once established, focus must be on the true benefit rather than just exploratory. So which areas do banks see the most opportunity?
5 Major Banks That Are Looking Into Blockchain
The relationship between bitcoin and the global financial market, particularly banking institutions, has been tense historically. It appears that the tides may be changing from a distant and acrimonious attitude, to buzzing about blockchain technology.
Bitcoin in Numbers: The Year of Blockchains for Banks
This week in numbers, our mid-week Bitcoin Markets Report is published & we dive into 2015: a year when 'Blockchains for Banks' became a common news theme.
The Digital Bitcoin And The Coming Revolution In Financial Transactions
Bitcoin transactions require no banks and no clearing houseâplus they execute in real time. What does this mean for the banking industry? Ignore this virtual currency system, and others like it, at your own peril.
