Tag: Bank

Ex-Signature Bank Executives Launch Blockchain Bank N3XT

A group of former executives from the collapsed crypto-friendly Signature Bank has launched a new blockchain-based, state-chartered bank called N3XT, with the goal of enabling instant 24-hour payments. N3XT said on Thursday that it aims to settle payments instantly at any time using a private blockchain and offers programmable payments through smart contracts. The company added that its systems have been designed for interoperability with stablecoins, utility tokens, and other digital assets. Signature Bank founder ​​Scott Shay founded N3XT, which will operate under a Wyoming Special Purpose Depository Institution (SPDI)…

Chinese Bank Tokenizes $600M in Yuan-Backed Government Bonds

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Hua Xia Bank, a publicly traded financial institution linked to China’s government, issued 4.5 billion yuan ($600 million) in tokenized bonds on Wednesday, aiming to reduce clearing friction by removing intermediaries from the auction process. According to Sina, the onchain government bonds were issued by Hua Xia Financial Leasing, a subsidiary of Hua Xia Bank, a state-controlled commercial bank in China. The bonds offered a three-year fixed yield of 1.84% to holders. The $600 million bond tranche was auctioned off exclusively to holders of China’s digital renminbi, also known as…

Bank of America Recommends 1-4% Crypto Portfolio Allocation

Key Notes Bank of America will begin coverage of four Bitcoin ETFs in 2026 as institutional interest grows. Crypto ETPs attracted $1.07 billion in final November week driven by US rate cut expectations. JPMorgan warns Bitcoin-Gold divergence signals increased market risk ahead of year-end volatility. Bank of America has advised its clients to allocate up to 4% of their portfolios in cryptocurrency, according to a Yahoo Finance report on Dec. 2. The guidance follows a turbulent November in which Bitcoin BTC $91 330 24h volatility: 6.8% Market cap: $1.82 T…

$300 Million Crypto Bet: Kazakhstan’s Central Bank Gears Up

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Kazakhstan’s central bank has signaled plans to place up to $300 million into crypto and crypto-linked assets, a move that would mark one of the clearest examples yet of a sovereign institution putting reserve money into this market. Based on reports, the funds would come from the country’s gold and foreign-exchange reserves rather than its social or oil wealth funds. Central Bank Moves Cautiously According to central bank briefings and market reporting, the investment will not be made all at once. Initial tranches could be modest — figures discussed publicly…

South Africa’s Central Bank Flags Crypto, Stablecoins as Financial Risk

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The South African Reserve Bank issued its second financial stability report for 2025, identifying digital assets and stablecoins as a new risk as the number of users in the country continues to grow. In a report released on Tuesday, South Africa’s central bank identified “crypto assets and stablecoins” as a new risk for technology-enabled financial innovation. The bank reported that the number of combined users on the country’s three largest crypto exchanges reached 7.8 million as of July, with about $1.5 billion held in custody at the end of 2024.…

2,000+ Bank Advisors Crowd Bitcoin Briefing Fueling Mainstream Adoption

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Exploding institutional appetite for bitcoin is igniting a new wave of market momentum, with major banks, advisory giants, and survey data all signaling that crypto demand is accelerating toward mainstream adoption. 2,000+ Advisors Probe Bitcoin Strategies With Traditional Finance Racing Into Crypto Bitwise Asset Management CEO Hunter Horsley shared on Nov. 24 on social media […] Original

LevelField Financial Receives Approval to Buy Chicago Bank

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Digital asset-focused fintech firm LevelField Financial said it has secured conditional regulatory approval to acquire Chicago-based Burling Bank, marking one of the most notable crypto-banking acquisitions in recent months. The move could see LevelField become the first Federal Deposit Insurance Corporation-insured chartered bank to offer certain crypto-integrated banking services across all US states and territories, LevelField said in a statement on Monday. Details of the deal weren’t disclosed. The approval from the Illinois Department of Financial and Professional Regulation puts Burling Bank one step closer to being renamed LevelField Bank.…

Czech National Bank Buys Bitcoin in $1M Test Portfolio

Key Notes The CNB Bank Board approved the $1 million portfolio on Oct. 30, holding it outside international reserves with no plans to expand its volume. Governor Aleš Michl initiated the project in January 2025 to evaluate decentralized assets, future payments, and tokenization technologies. The portfolio represents 0.0006% of CNB’s total assets and will be evaluated over 2-3 years. The Czech National Bank created a $1 million test portfolio of digital assets, including Bitcoin BTC $101 343 24h volatility: 1.2% Market cap: $2.02 T Vol. 24h: $76.40 B , a…

Binance Listing Sends BANK Soaring as MET Crashes

Key Notes Binance is listing Lorenzo Protocol (BANK) and Meteora (MET) with Seed Tag. BANK price surges over 80% in minutes before stabilizing. MET has recorded an 8% price drop post-announcement. Leading cryptocurrency exchange Binance has announced the listing of Lorenzo Protocol (BANK) and Meteora (MET) on Nov. 13 at 2:00 PM UTC. The tokens will be available for spot trading across USDT, USDC, and TRY pairs. Deposits for both BANK and MET will open an hour before trading begins. However, withdrawals are set to start on November 14 at…

Bank of England Proposes £20,000 Limit in Landmark Stablecoin Framework

The Bank of England proposed rigorous rules for sterling stablecoins, including allowing up to 60% of reserves in short-term UK debt and setting £20,000 limits per individual, aiming to protect consumers while securely expanding digital money adoption. Bank of England Proposes Sweeping Rules to Regulate Sterling Stablecoins The Bank of England moved to strengthen oversight […] Source CryptoX Portal