News
Crypto markets reel from a crash, Binance pledges relief, JP Morgan to offer crypto, and corporations are stacking BTC as Elon Musk praises it.
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Banks News
While one of the goals of cryptocurrencies is to render traditional banking obsolete, banks as a financial institution still play a critical role in the advent and adoption of the emerging crypto economy in two ways.
Firstly, outside of a physical cash exchange for cryptocurrency, banks provide the fiat bridges to cryptocurrency markets. Without them, the influx of capital and interest in the blockchain industry would be nowhere near the magnitude it is today.
Secondly, many of the world’s leading banks are researching and, in some cases, developing their own central bank digital currencies, or CBDCs, which aim to secure hegemony in the digital asset space largely in response to the growth of the crypto economy.
As digital finance evolves before our eyes, banks as a commonplace financial organization may change drastically in their role and purpose in society — even if it leads to obsolescence.
- Analysis
A quantum computer powerful enough to break Bitcoin could steal coins while the network runs as usual.
2273 - News
Regional banks faced renewed stress despite 2023 crisis reforms, with Zions and Western Alliance stocks plunging as Bitcoin fell to a four-month low.
5898 - Market Analysis
Ether’s price rebound potential hinges on improving US credit and labor data, as traders show caution after recent liquidations and volatility in derivatives markets.
2560 - Markets News
Bitcoin fell below $105,000 as US banking stress rattled risk markets, but stronger-than-expected regional bank earnings helped ease investor fears. Will the BTC uptrend resume any time soon?
3441 - Price Analysis
Odds for the resumption of "Uptober" dwindle as Bitcoin, Ether and most altcoins continue toward new lows. Will next week’s US economic calendar events help restore the uptrend?
4550 - News
Japan’s top banks plan to launch a joint yen-based stablecoin using MUFG’s Progmat platform to modernize payments and corporate settlements.
3492 - Market Analysis
Bitcoin’s repeat drop to $107,600 reflects broader market caution as miner outflows and macroeconomic pressures mount, but analysts still say dips are for buying.
4943 - News
GTreasury is Ripple’s third business acquisition in 2025, part of an expansion strategy that includes traditional financial companies and digital asset projects.
3540 - News
October’s crypto crash has reignited the “Wild West” narrative, but OKX and Standard Chartered are here to prove it’s not the case, OKX Europe’s Erald Ghoos said.
2445 - News
Fat finger errors happen all the time, especially in traditional banking. The difference is that blockchain makes it transparent and immediately identifiable.
3138 - News
Brad Garlinghouse has asked that Ripple be “held to the same regulatory standards as a bank” as the company awaits a decision on a national charter from the OCC.
4176 - News
Erebor’s green light from US regulators is among the most significant bank charter approvals tied to digital assets since the 2023 regional banking crisis.
7950 - News
Ripple has partnered with South Africa’s Absa Bank to provide digital asset custody services, expanding its institutional custody network across Africa.
3548 - News
JPMorgan executive Scott Lucas confirms crypto trading services are in development, but his firm is hesitant to handle crypto custody at the moment.
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