Hana Bank makes $670M Upbit parent bet as Korea crypto shifts
Hana Bank will buy 2.28 million shares in Dunamu, the parent company of Upbit, from Kakao Investments for about 1.003 trillion won, or nearly $670...
Tag : Bank
Bank of England Softens ‘Overly Conservative’ Stablecoin Plans Amid Industry Pressure
In brief The Bank of England is reportedly reconsidering parts of its stablecoin plan. A 40% reserve floor could cost issuers £11.2 million per £1...
The Bank of Japan Just Triggered $635 Million in Bitcoin ETF Outflows in a Single Day: Is the Rally Over?
U.S. spot Bitcoin ETF products shed $635 million in a single trading session on Wednesday, the largest single-day outflow since January 29, as hawkish signals...
Bank of England Treating Stablecoins as 'New Form of Money', Says Exec
In brief The U.K.’s central bank is treating stablecoins as “a new form of money” in the debate between tokenized deposits and stablecoins. The Bank...
Arkham maps Iran central bank wallets after $344M USDT freeze
Blockchain analytics platform Arkham has published what it says is a public, onchain map of crypto wallets attributed to Iran’s central bank, making a pair...
Singapore Gulf Bank taps Standard Chartered for digital asset payment corridors
Singapore Gulf Bank has entered a strategic banking partnership with Standard Chartered to strengthen cross-border settlement and multi-currency payment services across emerging digital asset markets....
Bank of England Chief Flags ‘Coming Wrestle' With US on Stablecoin Oversight
In brief Bank of England Governor Andrew Bailey warned that U.S. dollar tokens could flood Britain in a crisis. The GENIUS Act lets issuers redeem...
Payward charter targets federal crypto bank status
Kraken’s parent Payward has filed a Payward charter application with the OCC to establish a federally regulated national trust company. Summary Payward filed for an...
Augustus gets conditional OCC approval for AI and stablecoin bank
Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank...
Kraken Parent Payward Applies for OCC National Trust Bank Charter
In brief Payward, which operates crypto exchange Kraken, filed for a national trust company charter with the Office of the Comptroller of the Currency. The...