In a stunning turn of events, the U.K. Supreme Court has overturned the conviction of Tom Hayes in the infamous Libor scandal, citing trial misdirection. This landmark decision sends shockwaves through the financial world and raises critical questions about justice in post-crisis banking. Libor Scandal: A Brief Overview The Libor scandal rocked global finance after […]
In a groundbreaking move, FIS and Circle have teamed up to bring blockchain payments to U.S. banks through the integration of USDC stablecoin. This collaboration leverages FIS’s Money Movement Hub to enable seamless, real-time transactions, marking a significant step forward in the adoption of digital assets in traditional finance. How FIS and Circle Are Transforming […]
For Nigerian students studying abroad, the struggle to pay tuition fees in foreign currencies has been a major hurdle. But now, a groundbreaking policy allows them to pay UK and US tuition fees directly with naira cards, thanks to improved FX liquidity. This development is a game-changer for thousands of students and their families. How […]
The financial world faces a critical juncture. Recently, the **Bank Policy Institute** (BPI), a prominent voice for the U.S. banking sector, issued a stark warning to Congress. They urged lawmakers to address a significant loophole within the proposed GENIUS Act. This legislative gap, they contend, could allow stablecoin issuers to pay **stablecoin interest** through various […]
SoFi is revolutionizing the crypto space by leveraging its national banking charter to offer staking, asset-backed borrowing, and a potential stablecoin. Discover how this fintech giant is bridging traditional finance with digital assets. SoFi Crypto Expansion: What’s New? SoFi is rolling out three major crypto services under CEO Anthony Noto’s leadership: Staking: Earn passive income […]
The financial world is witnessing a groundbreaking shift as Circle, the issuer of USDC, teams up with FIS to bring stablecoin payments into traditional banking. This collaboration, enabled by the GENIUS Act, promises faster, cheaper, and more transparent transactions for banks and their customers. USDC Meets Traditional Banking: A Game-Changer The Circle-FIS partnership marks a […]
In a bold move signaling its entry into the digital currency space, iMBank (formerly Daegu Bank) has filed for trademarks related to Korean won-based stablecoins. This development places iMBank alongside major financial players exploring the potential of blockchain-based financial solutions. But what does this mean for the future of banking and cryptocurrency in South Korea? […]
In a groundbreaking move, PayPal co-founder Peter Thiel has launched Erebor, a commercial bank dedicated to supporting crypto startups, AI, and manufacturing sectors. This comes as a lifeline for innovators left stranded after the collapse of Silicon Valley Bank (SVB). Why Did Peter Thiel Launch Erebor? Peter Thiel, alongside other tech billionaires, identified a critical […]
In a groundbreaking development, Ripple (XRP) has officially applied for a banking license in the United States, as reported by Watcher.Guru. This move could redefine the future of cryptocurrency regulation and financial services. Here’s what you need to know. Why is Ripple Applying for a U.S. Banking License? Ripple’s application for a banking license marks […]
Revolut, the London-based neobank, is making waves with its bold strategy to acquire a U.S. bank. This move could secure a national banking license, unlocking new opportunities in the competitive fintech landscape. But what does this mean for digital banking and cryptocurrency enthusiasts? Let’s dive in. Why Revolut’s U.S. Bank Acquisition Matters Revolut’s potential acquisition […]
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