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Top Blockhead News

Two Fed Governors, One Trump Tried to Oust and Her Replacement, Both Show up for Key Meeting

Central Bank · Pennsylvania

Two Fed Governors, One Trump Tried to Oust and Her Replacement, Both Show up for Key Meeting

78% Center coverage: 28 sources

After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.See the Story

Binance Nears Deal to End $4.3B DOJ Settlement Monitor Requirement: Report

Cristiano Ronaldo · United States

Binance Nears Deal to End $4.3B DOJ Settlement Monitor Requirement: Report

Coverage: 2 sources

Binance is negotiating with the U.S. Department of Justice (DOJ) to end the three-year independent compliance monitor imposed in its settlement with regulators, according to a report from Bloomberg on Tuesday. In November 2023, Binance agreed to a $4.3 billion settlement with the DOJ after admitting to violations of anti-money laundering laws, the Bank Secrecy Act, and regulatory failures. Part of the settlement included a requirement to underg…See the Story

UBS, PostFinance and Sygnum Conduct Cross-Bank Payments on Ethereum

Blockchain · Switzerland

UBS, PostFinance and Sygnum Conduct Cross-Bank Payments on Ethereum

Coverage: 2 sources

Swiss banking powerhouse UBS, crypto banking specialist Sygnum and PostFinance, a subsidiary company of the state-owned Swiss Post, successfully tested payments between institutions on Ethereum, according to a press release on Tuesday.The proof of concept, run under the Swiss Bankers Association, saw UBS, PostFinance, and Sygnum Bank carry out transactions using deposit tokens — digital representations of bank deposits that can move on a public …See the Story

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