UK Bank Barclays Takes Precautionary Measure by Limiting Crypto Transactions on Cards In a bold move to address growing concerns over consumer risks, UK-based banking giant Barclays has announced its decision to block cryptocurrency transactions on its cards effective June 2025. The decision comes amid escalating worries surrounding the volatile nature of digital currencies and […]
Major South Korean banks plan won-based stablecoin
Major South Korean Banks Poised to Introduce Won-Based Stablecoin In a groundbreaking move set to revolutionize the financial landscape of South Korea, major banks in the country are gearing up to launch a won-based stablecoin by the year 2026. This joint initiative holds the potential to significantly transform the way payments are made, remittances are […]
Banks and tech firms create open-source AI standards
Bridging the Gap: Banks and Tech Firms Collaborate on Open-Source AI Standards In a groundbreaking move towards innovation and collaboration, banks and tech firms have joined forces to establish open-source AI standards. This new initiative is poised to revolutionize the financial industry by focusing on regulatory compliance and providing real-time validation tools and peer-reviewed frameworks […]
GENIUS Act clears path for bank-run blockchains
GENIUS Act Clears Path for Bank-Run Blockchains In a groundbreaking move, the United States has passed the GENIUS Act, a law that paves the way for banks to issue stablecoins and operate blockchain networks. This significant development holds the potential to revolutionize the financial industry by offering clients faster and more regulated payment options. The […]
JPMorgan moves deeper into crypto with new JPMD trademark
JPMorgan Pushing Further into Blockchain with JPMD Trademark and Kinexys Developments In a surprising turn of events, JPMorgan, despite CEO Jamie Dimon’s well-known skepticism towards cryptocurrencies, is making bold strides into the world of blockchain technology. The banking giant recently made headlines with the announcement of its new JPMD trademark and Kinexys developments, signaling a […]
Bank of America prepares for dollar stablecoin
Bank of America Prepares for Dollar Stablecoin Regulatory clarity is shaping the next steps for major banks entering the stablecoin market. As one of the largest financial institutions in the United States, Bank of America is gearing up to launch its own dollar-pegged stablecoin. This move comes as no surprise, considering the increasing interest in […]
Deutsche Bank explores stablecoin options
Exploring the Future of Banking: Deutsche Bank Considers Stablecoin Options In the ever-changing landscape of finance, traditional banks are constantly seeking ways to streamline their operations and provide more efficient services to their customers. One of the latest trends in the banking industry is the adoption of tokenised deposits and stablecoins, with Deutsche Bank at […]
Sberbank launches Bitcoin-linked bond
Sberbank Launches Bitcoin-Linked Bond: A Game-Changer for Investors Sberbank, one of the largest and most reputable banks in Russia, has made a groundbreaking move in the world of finance by launching a Bitcoin-linked bond. This innovative financial instrument allows investors to gain exposure to Bitcoin in rubles without actually holding the digital asset themselves. This […]
JPMorgan to allow clients to buy Bitcoin
JPMorgan to Allow Clients to Buy Bitcoin In a surprising turn of events, JPMorgan Chase, one of the largest and most influential financial institutions in the world, has made a groundbreaking decision to allow its clients to buy Bitcoin. This move comes as a significant shift in the traditional banking sector’s stance on cryptocurrencies, especially […]
NatWest hit by 100 million cyber attacks every month
NatWest hit by 100 million cyber attacks every month In today’s digital age, cybercrime is becoming increasingly prevalent, with financial institutions being a prime target for malicious actors. Recently, it was revealed that NatWest, one of the leading banks in the UK, is facing a staggering 100 million cyber attacks every month. This alarming number […]