Category: Financial
Anchorage Digital offers non-U.S. banks a stablecoin stand-in for correspondent banking
Anchorage Digital, the first crypto firm to get a U.S. banking charter, wants international banks to swap out correspondent banking…
Fed’s Neel Kashkari calls crypto ‘utterly useless,’ dismisses stablecoins as ‘buzzword salad’
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, offered a blunt take on digital assets, arguing that cryptocurrencies,…
Susquehanna-backed Blockfills up for sale after $75 million lending loss
Blockfills, the crypto lender backed by trading giant Susquehanna, has incurred losses of around $75 million during the recent market…
US Stocks Slip Late as Oil Rises, Fed Signals and PCE Data Loom
U.S. equities traded modestly lower late Thursday as rising oil prices, geopolitical tensions, and cautious Federal Reserve signals tempered momentum…
Fed’s Kashkari: Crypto “Utterly Useless,” Stablecoins No Match for Venmo
Fed’s Kashkari: Crypto “Utterly Useless,” Stablecoins No Match for Venmo Federal Reserve Bank of Minneapolis President Neel Kashkari delivered another…
Surprising Statements from the Most Dovish FED Member – “Aggressive Interest Rate Cuts May No Longer Be Appropriate”
Federal Reserve member Stephen Miran has withdrawn his previous expectations regarding the depth of interest rate cuts this year. Miran…
Community banks see net deposit outflows to Coinbase: Study
New analysis from banking data company KlariVis found that 90% of community banks in its sample had customers transacting with…