banks


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Goldman Sachs Said to Have Sidelined Plans for Crypto Trading Desk

Investment bank Goldman Sachs has reportedly dropped plans to launch a cryptocurrency trading desk, for now at least.

Red traffic lights

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GMO's New Internet Bank Will Settle Payments With Blockchain

Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments.

GMO

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What Crypto Really Thinks About Litecoin's Banking Ambitions

A much-talked-about deal between a cryptocurrency non-profit and a bank saw cheers and jeers this week, and all sorts of reactions in between.

Litecoin founder Charlie Lee, right, poses with a fan

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Binance Exchange Backs First-Ever Decentralized Bank in Malta

Binance is reportedly among a number of investors backing a decentralized, blockchain-based bank to be launched in Malta.

Malta flag

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Litecoin Foundation Acquires 9.9% of Bank in Payments Partnership

Litecoin Foundation, the non-profit behind the popular cryptocurrency, says it now owns part of a German bank thanks to a new deal with TokenPay.

Litecoins

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Banks Conduct Cross-Border Trades on IBM-Powered Blockchain

We.trade, the blockchain-based financial trade platform jointly developed by nine European banks, has completed first live cross-border transactions.

Euro

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UK's Financial Watchdog Issues Letter to Banks on Crypto Risks

The U.K.'s Financial Conduct Authority has written to bank CEOs over the risks of "facilitating financial crimes which are enabled by cryptoassets."

London

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Hackers Demand $1 Million in XRP After Bank Data Theft

Hackers who stole personal information on 90,000 Canadian bank users have demanded $1 million in Ripple's XRP to not release the data trove.

Hackers, data

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Korea to Inspect 3 Banks Over Crypto Exchange Connections

Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.

korea won bitcoin

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Bank of Montreal Expands Crypto Purchase Ban

Canada's Bank of Montreal will prohibit customers from purchasing cryptocurrencies using Interac debit cards, on top of an existing Mastercard ban.

bmo