Generative Data Intelligence

Tag: Reserve system

Custodia Bank’s Application to Join Federal Reserve Rejected

The application that Custodia Bank submitted to join the Federal Reserve System was denied by the Board of Governors of the Federal Reserve System...

White House cryptocurrency ‘roadmap’ recommends against pension funds

The White House released a statement on Jan. 27 that provided United States President Joe Biden’s administration a roadmap for mitigating risks associated with...

Custodia Bank Denied Federal Reserve System Membership

“Custodia offered a safe, federally regulated, solvent alternative to the reckless speculators and grifters of crypto that penetrated the U.S. banking system with disastrous...

Fed denies Custodia Bank application to join the Federal Reserve System

The Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated...

Signature Bank Halts crypto transactions under $100,000: Binance

Binance, revealed that Signature Bank would only accept transactions over $100,000. The service interruption would affect SWIFT users who buy or sell cryptocurrencies...

Republican Lawmakers Push Crypto Regulation With New House Subcommittee

After assuming control of the House of Representatives, Republicans are forming what they are calling a first-of-its-kind congressional group focused on digital assets.The new...

The Fed Will Keep Focusing on Crypto — Fed Governor Says ‘We Do Not Want to Hinder Innovation’

Federal Reserve Governor Michelle Bowman says while “cryptocurrency activities can pose significant risks,” the Fed does not want to “hinder innovation.” She added:...

Metropolitan Bank Holding Corp. to Exit Crypto-Asset Related Vertical

NEW YORK–(BUSINESS WIRE)–Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced that it will fully exit...

To Become Money, Bitcoin Requires Integration With New Social System Technology

This is an opinion editorial by Frank Nuessle, a publishing entrepreneur, former university professor and social system architect.In this essay, I argue that Bitcoin...

As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created

109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped...

Bitcoin Hits $17,700 as November CPI Data Shows Cool Down in Inflation

Bitcoin prices increased by more than 5% on Dec. 13, 2022, after the Bureau of Labor Statistics reported that the Consumer Price Index (CPI)...

The Future of Instant Payments: Our Conversation with Bernadette Ksepka of FedNow

What innovations are making their way to the payments space in the U.S.? How will the new FedNow Service impact the current payments...

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