Billionaire Warren Buffett Pours $7,800,000,000 Into ‘High-Flying’ Asset After Dumping Bank of America, JPMorgan Chase and Wells Fargo: Report

Billionaire Warren Buffett is buying a “high flying” asset after significantly reducing his exposure to the US banking industry, according to a new report. The renowned investor has sold $10.5 billion of Berkshire Hathaway’s stake in Bank of America since the summer, after selling all of the firm’s …

Daily Hodl Staff 2024-11-03 16:53:36

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Dutch central bank Imposes $2.4m fine on Bybit for service violations

De Nederlandsche Bank fined Bybit $2.4m for offering crypto services in the Netherlands without mandatory registration. The Netherlands‘ central bank, De Nederlandsche Bank, has fined Bybit €2.2 million ($2.4 million) for offering crypto services in the country without the required…

Denis Omelchenko 2024-11-01 08:32:14

bank

JPMorgan Chase Suing Customer Who Allegedly Pulled $290,939 From Bank Using Illegal ATM ‘Glitch’: Report

JPMorgan Chase is now taking legal action against customers who extracted money from the bank’s ATMs using an illicit banking “glitch.” The bank is suing people who allegedly pulled thousands of dollars from the banks’ ATMs over the summer using a check fraud scheme that went viral. The scheme cente…

Daily Hodl Staff 2024-10-29 23:01:27

bank

Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services

Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments. Firs…

Sergio Goschenko 2024-10-29 05:32:07

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Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds

Ripple’s CEO has revealed that his 25-year-old bank account was closed due to his role leading a crypto company, underscoring rising regulatory pressures and uncertain U.S. policies. Ripple CEO Brad Garlinghouse’s Bank Account Closed by Major Institution After 25 Years Ripple CEO Brad Garlinghouse h…

Kevin Helms 2024-10-29 02:31:48

bank

UK central bank leader reassures cash’s place with rising Britcoin

Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.” Bailey was speaking at the Group of Thirty’s 39th Annual Inte…

Monika Ghosh 2024-10-28 01:12:50

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Central Bank of Brazil Highlights Tokenization Potential Before IMF and World Bank

The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central Bank of Brazil Considers…

Sergio Goschenko 2024-10-27 16:42:25

bank

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global fi…

Kevin Helms 2024-10-25 03:32:05

bank

Russian banking sector concerned CBDC entry cost too high for small lenders: report

Experts warn that the high investment required to join the digital ruble platform could be prohibitive for small Russian banks, as it exceeds their annual tech budgets by several times. The entry cost for Russian banks to join the Bank…

Denis Omelchenko 2024-10-24 10:51:17

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Norway Central Bank to decide on digital currency recommendation next year

Norway’s Central Bank, Norges Bank, will make a decision regarding whether or not it will introduce a digital currency next year, says Deputy Central Bank Governor Pal Longva. In an interview with Bloomberg on Oct. 22, Norges’ Deputy Central Bank…

Trisha Husada 2024-10-24 07:11:11

bank

Silicon Valley Bank Collapse Triggers Customer Withdrawals in U.S. Banks

The collapse of SVB caused panic-induced withdrawals from U.S. banks. Continue Reading:Silicon Valley Bank Collapse Triggers Customer Withdrawals in U.S. Banks The post Silicon Valley Bank Collapse Triggers Customer Withdrawals in U.S. Banks appeared first on COINTURK NEWS.

İlayda Peker 2024-10-20 02:10:09

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Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank

Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist Indermit Gill. The decision to float the naira and remove fuel subsidies helped prevent fiscal collapse. While the naira’s devaluation has ex…

Terence Zimwara 2024-10-19 07:32:37

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