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A collection of 14 posts

Barclays Halts Bitcoin and Crypto Credit Card Transactions as Global Mainstream Push Grows

Barclays Halts Bitcoin and Crypto Credit Card Transactions as Global Mainstream Push Grows

British banking giant Barclays announced it will cease processing Bitcoin and cryptocurrency transactions on its credit cards starting June 27, 2025, according to a notice on its official website. The decision aligns with similar moves by other major lenders but contrasts with the growing global acceptance of cryptocurrencies, particularly in

Major Guatemalan Bank Adds Stablecoin for Cross Border Payments

Major Guatemalan Bank Adds Stablecoin for Cross Border Payments

In a significant step forward for financial tech in Latin America, SukuPay, a fintech innovator specializing in seamless cross border payments, has fully integrated its stablecoin remittance engine into Zigi, the mobile banking app of Banco Industrial, Guatemala’s largest bank. This collaboration marks a milestone as the first instance

JPMorgan, Bank of America, Citigroup, Wells Fargo, Explore Issuing Joint Stablecoin

JPMorgan, Bank of America, Citigroup, Wells Fargo, Explore Issuing Joint Stablecoin

In a move signaling the convergence of traditional finance and the rapidly evolving cryptocurrency landscape, some of the nation’s largest banks are in early discussions to collaborate on issuing a joint stablecoin. Industry banking giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are among those

Morgan Stanley to Launch Crypto Trading on E*Trade Platform Next Year

Morgan Stanley to Launch Crypto Trading on E*Trade Platform Next Year

Morgan Stanley is set to introduce crypto trading on its E*Trade platform, marking a pivotal step for a major U.S. bank to bring digital assets to retail investors. The initiative, slated for launch in 2026, follows a significant easing of regulatory restrictions under the Trump administration, which has

Eric Trump Warns Banks Face Extinction Without Crypto in a Decade

Eric Trump Warns Banks Face Extinction Without Crypto in a Decade

Eric Trump, executive vice president of the Trump Organization, has issued a stark warning to traditional banks: adapt to the rise of Bitcoin and cryptocurrencies or risk obsolescence within a decade. Speaking to CNBC’s Dan Murphy in Dubai, Trump criticized the inefficiencies of the current financial system, describing it

Federal Reserve Shifts Stance on Crypto Activities for Banks in Major Policy Update

Federal Reserve Shifts Stance on Crypto Activities for Banks in Major Policy Update

On April 24, 2025, the Federal Reserve Board announced a significant change in its approach to banks engaging with crypto assets and stablecoins, marking a pivotal moment for the financial sector. The decision to withdraw previous guidance on these activities reflects a broader push toward deregulation, aiming to encourage banks

Coinbase, Circle, BitGo, Explore Banking Charters for Mainstream Integration

Coinbase, Circle, BitGo, Explore Banking Charters for Mainstream Integration

The crypto industry is making a big step toward deeper integration with traditional banking, spurred by a shifting regulatory landscape and political support. Two years after a regulatory crackdown following the collapse of FTX and the failure of crypto-friendly banks like Silvergate Capital and Signature Bank, crypto firms are eyeing

FDIC Lifts Crypto Restrictions for Banks A Step Toward Financial Innovation

FDIC Lifts Crypto Restrictions for Banks A Step Toward Financial Innovation

On March 28, 2025, the Federal Deposit Insurance Corporation announced a significant policy shift that could reshape the relationship between traditional banking and the crypto sector. The FDIC has officially reversed its 2022 rule, which previously required banks to obtain prior approval before engaging in crypto related activities. This decision,

FDIC Set to Revise Guidelines Allowing Banks into the Crypto Market

FDIC Set to Revise Guidelines Allowing Banks into the Crypto Market

In what might be considered a significant shift for the crypto industry, the U.S. Federal Deposit Insurance Corporation (FDIC) is on the brink of revising its guidelines to permit banks to engage actively in crypto-related activities. This policy change comes amidst a broader transformation in the U.S. governmental

Jerome Powell Says Federal Reserve Allows Banks to Serve Crypto Clients

Jerome Powell Says Federal Reserve Allows Banks to Serve Crypto Clients

In an interesting development, Bitcoin and crypto markets experienced a notable uptick today following comments from U.S. Federal Reserve Chair Jerome Powell during the latest Federal Open Market Committee (FOMC) meeting. The conference saw the Fed decided to maintain the federal funds rate at a steady 4.25% to

Senate Hearing to Investigate Crypto Debanking Claims Amid Trump Deregulation

Senate Hearing to Investigate Crypto Debanking Claims Amid Trump Deregulation

The U.S. Senate Banking Committee, under the leadership of Chairman Tim Scott, is set to delve into the contentious issue of debanking with a scheduled hearing on February 5, 2025. This session will scrutinize allegations that financial regulators have unjustly pressured banks to cut ties with cryptocurrency firms, political

Bank of America CEO Signals Crypto Adoption if Regulatory Green Light Given

Bank of America CEO Signals Crypto Adoption if Regulatory Green Light Given

In a candid discussion at the World Economic Forum in Davos, Switzerland, Bank of America CEO Brian Moynihan revealed a potential shift in the banking sector's stance on cryptocurrencies. Speaking to CNBC's Andrew Ross Sorkin, Moynihan expressed that the U.S. banking industry is poised to

Fidelity Predicts Governments Will Invest in Bitcoin Next Year

Fidelity Predicts Governments Will Invest in Bitcoin Next Year

Fidelity Investments, a firm managing assets worth $5.4 trillion, has declared that 2025 might see significant government involvement in Bitcoin. The financial giant suggests that nation-states and central banks are on the brink of becoming the next major investors in this cryptocurrency, reflecting a shift towards recognizing Bitcoin as

France Threatens to Freeze Elon Musk’s Funds, Unless He Moves Them to Bitcoin

France Threatens to Freeze Elon Musk’s Funds, Unless He Moves Them to Bitcoin

In a recent wave of political controversy, French President Emmanuel Macron has accused tech mogul Elon Musk of interfering in European elections, spotlighting a growing concern among European leaders about the sway of influential figures on democratic processes. This accusation against Musk, known for his leadership roles at Tesla, SpaceX,