Customers Bank Said to Debank Some Digital Asset Hedge Funds
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
Saudi Arabia Joins BIS’ CBDC Project mBridge as a Full Participant
The Saudi Central Bank joins the central banks of China, Thailand, Hong Kong and the United Arab Emirates in the project.
Bitcoin Falls Back After Attempt at $72K, but Fed, U.S. Data and Global Rate Cuts May Bring New All-Time Highs
Upcoming consumer price index and labor market veri releases in the next few days could be key for what's next for bitcoin's price.
U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
Bank of Canada Begins G-7 Monetary Easing Cycle, Trimming Benchmark Rate 25 Basis Points
Bitcoin prices could receive a tailwind from lower interest rates in developed economies.
First Mover Americas: Bitcoin Drops From $70K as Bullish Signal Strengthens
The latest price moves in crypto markets in context for June 4, 2024.
Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany
This is Bitpanda's second major partnership in Germany this year after it was enlisted by LBBW to offer crypto custody services in the country.
Israel to Start Digital Shekel Challenge to Develop Payment Use Cases
The Bank of Israel has not deciding on issuing a digital shekel, even as it continues its yearslong effort to explore its issuance.
MoonPay Users Can Now Buy Crypto Via PayPal
The partnership means MoonPay users in the U.S. can seamlessly buy crypto with PayPal through wallet transfer, bank transfer, and debit card transactions, according to a press release.
Bitcoin Could Drop Further to as Low as $50K, Standard Chartered Says
The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the bank said in a report.