Tag: Bank

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

boss

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

boss

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

boss

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

SoFi Bank Introduces Crypto Trading for Customers

boss

US bank SoFi Technologies has launched crypto trading services to its customers, as clearer rules have allowed the crypto market to court greater interest from traditional finance. SoFi said on Tuesday that its crypto service will aim to offer dozens of cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), and started in a phased rollout on Monday, with more customers able to gain access in the coming weeks.  SoFi CEO Anthony Noto told CNBC’s Squawk Box on Tuesday that his bank is the first and only nationally chartered bank to launch…

JPMorgan Partners Singapore’s Largest Bank, DBS, for Tokenized Deposit Transfers

Key Notes The framework creates interoperability standards allowing banks to issue and move blockchain-based deposit representations instantly. Tokenized deposits maintain full regulatory oversight while delivering programmability and settlement speed of blockchain technology. DBS previously executed the first interbank crypto options trade with Goldman Sachs involving Bitcoin and Ethereum last month. Singapore’s largest bank, DBS, has teamed up with JPMorgan’s Kinexys division to design a framework enabling real-time interbank transfers of tokenized deposits across multiple blockchains. The initiative represents a significant step toward merging traditional finance with decentralized settlement architecture. According…

SoFi Bank Relaunches Crypto Trading as First FDIC-Insured US Bank

Key Notes The platform combines conventional banking products with digital asset trading under a single nationally chartered institution. Early users completing three qualifying trades by January 2026 can enter a Bitcoin giveaway promotion worth significant value. Traditional banks are increasingly adopting cryptocurrency services as regulatory clarity improves following recent political changes. SoFi Bank relaunched crypto trading on Nov. 11, becoming the first and only nationally chartered, FDIC-insured US bank to integrate banking, borrowing, investing, and crypto trading in a single application, the company said. The bank will support Bitcoin BTC…

Why Tether Looks More Like a Central Bank Than a Stablecoin Issuer

boss

Key takeaways Tether operates a Treasury- and repo-heavy balance sheet, holding $181.2 billion in reserves against $174.5 billion in liabilities, leaving $6.8 billion in excess. High interest rates have turned those reserves into profit, generating more than $10 billion in interest income so far in 2025, which is uncommon for a typical crypto issuer. It exercises policy-style levers by freezing sanctioned wallets, shifting supported blockchains and allocating up to 15% of profits to Bitcoin. The central bank comparison has limits. Tether has no public mandate or backstop, relies on attestations…