Tag: Bank

XRP Could Hit $50 If Ripple Gets Bank License: Crypto Pundit

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Vincent Van Code, a software engineer and long-time XRP advocate, ignited fresh debate across the crypto community by outlining what he believes to be the transformative implications of Ripple’s bid for a US banking charter and…

XRP Bullish Pattern And Bank License Trigger Rally

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Key point: Ripple Labs CEO Brad Garlinghouse said in a post on X that the company “is applying for a national bank charter” from the Office of the Comptroller of the Currency (OCC).  Garlinghouse added that the firm would come under federal and state oversight if the license is approved. That would create a “new (and unique!) benchmark for trust in the stablecoin market.” Could XRP (XRP) benefit from the news and break out of its overhead resistance? Let’s analyze the charts to find out. XRP price prediction XRP rebounded…

Peter Thiel and Billionaire Consortium To Launch New Bank Serving Cryptocurrency Startups: Report

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PayPal co-founder Peter Thiel and a handful of other tech billionaires are reportedly launching a new bank partially dedicated to serving crypto startups. According to a new report from Financial Times, Thiel and other investors – such as the CEO of military contracting company Anduril – to create a bank called Erebor, which references to popular fantasy series The Lord of the Rings. FT says the billionaires intend for the bank to serve crypto startups and take the place of Silicon Valley Bank (SVB), a crypto-friendly bank that ended up…

Belgium Bank KBC To Debut Bitcoin Via Bolero: Report

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KBC Bank, one of Belgium’s largest financial institutions, is reportedly preparing to allow its customers to invest in cryptocurrencies through its Bolero subsidiary. Bolero, an online investment platform operated by KBC, will roll out access to Bitcoin (BTC) and Ether (ETH) investments on its platform later this year, local newspaper L’Echo reported on Wednesday. KBC expects to secure regulatory approval for the product by autumn. A spokesperson for KBC confirmed the bank’s plans to L’Echo. “Individual investors could then invest directly in Bitcoin and Ether in a secure environment, with…

ECB Approves Pontes, Appia to Settle DLT in Central Bank Money

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The European Central Bank (ECB) has approved a two-track plan to settle distributed ledger technology (DLT) transactions using central bank money, which could pave the way to modernizing Europe’s financial system. The first track, dubbed Pontes, will focus on a short-term solution by linking blockchain-based DLT platforms with TARGET Services, a suite of financial services developed and operated by the Eurosystem designed to facilitate the flow of payments and securities within the eurozone. A pilot for Pontes is expected to launch by the end of the third quarter of 2026,…

Powell Backs Stablecoin Regulation as Circle Pursues US Bank Charter After $18B IPO

Key Notes Powell described stablecoins as positive financial innovation requiring clear regulatory oversight and integration rules. Circle’s trust charter application would enable direct USDC reserve management and tokenized asset custody services. Legislative momentum builds with GENIUS Act potentially arriving mid-July to link stablecoins with Treasury securities. Federal Reserve Chair Jerome Powell stated on July 1 that the United States is “well on the way” to developing a regulatory framework for stablecoins, calling the asset class a “positive step” for the financial system. He emphasized the need for clear, consistent rules…

National Bank of Kazakhstan to Establish Cryptocurrency Reserve

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Timur Suleimenov, chairman of the National Bank of Kazakhstan, noted that the institution was considering the creation of such a reserve based on international practices, starting with expropriated cryptocurrency and mined assets from companies with state participation. Kazakhstan Will Have a Cryptocurrency Reserve, According to the National Bank Another country has decided to set up […] Source

Circle Applies To Launch National Trust Bank

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Stablecoin issuer Circle has applied to establish a national trust bank in the United States that, among other duties, would oversee the firm’s USDC reserve on behalf of its US issuer.  If the application is approved by the US Office of the Comptroller of the Currency (OCC), Circle’s First National Digital Currency Bank would be authorized to operate as a federally regulated trust institution, Circle said in a statement on Monday. Circles Digital Bank also hopes to strengthen the infrastructure that “supports the issuance and circulation” of USDC (USDC) and…

Germany’s Largest Bank Group Sparkassen to Offer Bitcoin Trading to 50M Clients

Key Notes Sparkassen will offer Bitcoin and crypto trading to 50 million retail clients via DekaBank starting in summer 2026. Bitcoin is forming a cup and handle pattern near $110K, with a breakout potentially targeting $125K–$130K. Regulatory clarity under MiCA and rising retail demand are accelerating crypto adoption in the European banking sector. Sparkassen, Germany’s largest banking group, plans to offer Bitcoin BTC $107 230 24h volatility: 0.6% Market cap: $2.13 T Vol. 24h: $23.40 B and crypto trading to its 50 million retail clients by summer 2026. The move…

Sparkassen, the German bank that said ‘Nein’ to Bitcoin is now building a gateway

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Three years after shutting down the idea, Germany’s largest banking group is making a U-turn. Sparkassen plans to let retail clients trade Bitcoin and other digital assets by 2026, signaling a seismic shift in traditional finance’s stance on crypto. On June 30, Bloomberg reported that Sparkassen, the German sprawling network of savings banks with roughly 50 million clients, will roll out cryptocurrency trading for retail customers by summer 2026, marking a stark reversal from its 2023 decision to block such services. The move, confirmed by the German Savings Banks and…