Wells Fargo (WFC) will offer tokenized deposits for select corporate and commercial clients later this year, starting with enabling round-the-clock U.S. dollar-to-British pound transactions on its proprietary blockchain. The bank frames round-the-clock settlement, programmable payments […]
BNY, which has more than $59 trillion in assets under custody and administration, is moving one of its core record-keeping businesses onto blockchain as Wall Street builds the infrastructure for tokenized funds, the Financial Times […]
Readiness matters because quantum computing poses a real long-term risk to the cryptography that underpins modern finance. Banks are especially vulnerable to “harvest now, decrypt later” attacks, which the Bank for International Settlements’ Project Leap […]
Russia’s largest bank, Sberbank, plans to build cryptocurrency trading infrastructure and launch a digital depository by Dec. 1 as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. The depository, […]
Federal authorities are accusing eight people of orchestrating a scheme that used fake checks to steal $500,000 from New York banks. The group deposited falsified checks totaling $3 million into accounts, though only half a […]
BNY, the world’s largest custody bank, plans to support round-the-clock settlement of conventional and tokenized U.S. Treasuries in 2027, after completing an after-hours trade involving the reserves of 2 stablecoin issuers. The bank will test […]
Crypto-friendly digital bank Revolut has been valued at $115 billion in a secondary share sale, lifting the company’s valuation by 53% in less than a year. The company priced shares at $2,017 each, according to […]
U.K. politicians want to know the extent to which the country’s banks have choked-off cryptocurrency firms by refusing them bank accounts and introducing restrictions on crypto-related payments in a cross-party inquiry kicked off on Tuesday. […]
Jan said many Binance employees, including himself, already keep most of their assets on the exchange. “I could make payments, I could use my debit card to spend whatever I need wherever I want,” he […]
Newly discovered malware is secretly hijacking Android phones and stealing banking credentials by turning the device’s own developer tools against users. The Cybersecurity firm Group-IB says a dangerous new version of the RedHook malware is […]
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