#financial-institutions
#financial-institutions

Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto

Senate passed legislation to overturn SEC's SAB 121, enabling highly regulated financial firms to custody cryptocurrencies despite potential veto by President Biden. [ more ]

Coindesk

1 day ago

Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains

Bitcoin price reaches $67,000, experiencing positive movement after weeks of stagnation. [ more ]

Coindesk

Bitcoin Record High Would've Happened Without ETFs, Just Much Later

Bitcoin hit new all-time high thanks to spot bitcoin ETFs

Experts believe ETFs accelerated Bitcoin's rally [ more ]

Ars Technica

Bitcoin price hits record $69K after SEC approvals fueled $7B in investments

Bitcoin's price hit a record high above $69,000, attributed to the approval of spot-bitcoin ETFs by the SEC.

Traditional financial institutions like BlackRock and Fidelity are now major players in the crypto bull market. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Wells Fargo and Bank of America's Merrill Are Now Offering Spot Bitcoin ETFs To Clients

Mainstream financial institutions like Merrill Lynch and Wells Fargo are now offering access to Bitcoin ETFs due to increased investor interest.

The decision to offer Bitcoin ETFs reflects the growing demand for cryptocurrency investment options among affluent clients. [ more ]

morebitcoin

bitcoin-etfs

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Wells Fargo, America's Third Largest Bank, Owns Spot Bitcoin ETFs: SEC Filing

Wells Fargo disclosed exposure to spot Bitcoin ETFs, indicating institutional interest in Bitcoin market. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

1 day ago

$1.5 Trillion Wall Street Giant Morgan Stanley Buys Bitcoin ETF Exposure

Major US financial institutions significantly investing in Bitcoin via spot ETFs, led by firms like Morgan Stanley with $269.9 million in GBTC. [ more ]

Coindesk

What Happens if Bitcoin Reaches an All-Time High?

Spot bitcoin ETFs attracting billions in net inflows from reputable financial institutions like BlackRock and Fidelity.

Crypto lending sector evolving with programs like Securitize's offering over-collateralized loans and tokenized funds. [ more ]

Coindesk

Bitcoin ETFs: What to Expect on Day One

Spot bitcoin ETFs have been approved in the US and will debut on US markets run by NYSE, Cboe Global Markets, and Nasdaq.

The ETFs will allow retail customers to gain exposure to bitcoin's price and let traditional financial institutions invest without going through crypto exchanges. [ more ]

WIRED

Bitcoin ETFs Have Arrived. Here's Who Stands to Get Rich

The US has approved spot bitcoin ETFs, allowing investors to track the price of bitcoin through their brokerage.

BlackRock and Fidelity, among other financial institutions, have been given permission to launch these ETFs. [ more ]

morebitcoin-etfs

sec

Ars Technica

1 day ago

Privacy professionals

New SEC requirements give institutions 30 days to disclose security incidents

SEC mandates disclosure of security breaches by financial institutions within 30 days to protect customer data. [ more ]

Coindesk

ETF Euphoria Shows Bitcoin Needs Wall Street After All

The SEC has approved the first spot Bitcoin ETF in the US.

The crypto industry sees the ETF as necessary for mainstream adoption despite contradicting Bitcoin's original goal. [ more ]

Coindesk

The Protocol: Is Ethereum's Dencun Update All It's Cracked Up To Be?

Ethereum's Dencun upgrade aims to reduce fees for users through 'proto-danksharding.'

Debates arise on potential fragmentation and competitive edge risks within Ethereum ecosystem. [ more ]

Coindesk

Ben Franklin's Laser Eyes Suggest a Tough - and Quirky - Battle for Bitcoin ETFs

Companies issuing bitcoin ETFs are finding creative ways to distinguish themselves from competitors

Laser eyes and embracing crypto culture are some of the strategies being used [ more ]

morecryptocurrency

WIRED

Why Crypto Idealogues Won't Touch Bitcoin ETFs

US regulators have approved the launch of spot bitcoin exchange-traded funds (ETFs), allowing people to invest in bitcoin through a brokerage.

The approval of ETFs is seen as a victory by bitcoin investors, but it goes against the original vision of bitcoin as a decentralized currency not controlled by financial institutions.

Investors in spot bitcoin ETFs will not actually own or possess bitcoin; they will only hold representations of it. [ more ]

Coindesk

BlackRock, Ondo, Superstate: The Biggest Movers in the RWA Sector in Q1

RWAs are traditional financial assets tokenized for DeFi, enabling broader liquidity and innovative products. [ more ]

Coindesk

3 weeks ago

Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance

Nigeria's Central Bank directs financial institutions to identify and cease transactions with Bitmex, KuCoin, OKX, and Binance. [ more ]

Coindesk

1 month ago

Crypto Market Setup Looks Positive for Second Quarter: Coinbase

Bitcoin halving in mid-April is a key supply-side event.

Institutional interest in crypto space is high according to Coinbase.

Approval of spot bitcoin ETFs by wirehouses may be imminent. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Bitcoin Hits New Heights Between BlackRock Success and London Approval

Bitcoin's market value surpassing silver is a significant milestone.

Large financial institutions like BlackRock are increasingly investing in Bitcoin. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

London Stock Exchange To Accept Bitcoin Exchange Traded Note Applications

The London Stock Exchange (LSE) is accepting applications for Bitcoin exchange-traded notes (ETNs).

Bitcoin ETNs provide investors with regulated exposure to Bitcoin through traditional stock exchanges. [ more ]

Coindesk

3 months ago

Germany Banking Giant DZ to Pilot Crypto Trading This Year: Bloomberg

DZ Bank is planning to launch a cryptocurrency trading pilot later this year

The offering will be for customers who can invest 'without advice' [ more ]

Entrepreneur

Information security

JPMorgan Fixes Security Flaw, Affects 450K Retirement Plans | Entrepreneur

JPMorgan fixed a software issue that allowed unauthorized access to retirement plan records. [ more ]

english.elpais.com

Business

BBVA-Sabadell merger plans aided by ECB's policy of creating European champions

The ECB encourages bank consolidation to ensure the solvency of financial institutions. [ more ]

Harvard Business Review

Business

How an Automation Platform Can Help Banks Streamline Digital Customer Journeys - SPONSOR CONTENT FROM NEWGEN

Banks need to prioritize digital onboarding for seamless customer experience.

Automating and integrating operations is crucial for transforming complex lending and trade finance processes. [ more ]

www.cbc.ca

4 weeks ago

Canada news

Ottawa to force banks to use carbon rebate label for direct deposits | CBC News

Canadian banks must identify carbon rebates accurately in deposits; government amending laws to enforce this. [ more ]

www.cbc.ca

1 month ago

Canada news

U.S. investors successfully demand RBC change how it reports on green, fossil fuel investments | CBC News

RBC reverses decision on disclosing green energy vs. fossil fuel investments after pressure from public pension funds.

Financial giants in North America, including JPMorgan Chase and Citi, agree to disclose clean energy vs. fossil fuel investment ratios. [ more ]

Nextgov.com

1 month ago

Privacy professionals

Some banks moving too slow to address AI-powered cyberthreats, Treasury says

Financial institutions slow to adopt AI-driven cybersecurity frameworks

AI chatbots enhancing cybercriminal capabilities [ more ]

www.housingwire.com

Privacy professionals

AlphV/BlackCat claims credit for loanDepot cyberattack

Ransomware gang AlphV/BlackCat claimed responsibility for cyberattacks on loanDepot and other financial firms.

LoanDepot experienced a cyberattack compromising sensitive personal information of 16.6 million individuals. [ more ]

Forbes