VALT Bank received conditional OCC contract
The bank must raise $25 million before opening and maintain a tier 1 leverage ratio of 9% for the first three years thereafter. Source link
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Private Stablecoin Platform Payy Network Raises $6 Million Seed Round
Payy Network According to the company’s statement, it raised $6 million in Seed funding. The financing was led by FirstMark Capital with participation from Robot Ventures and DBA Crypto. Payy is a stablecoin blockchain that states it is private by…
Bittensor (TAO) explodes 90% as AI narrative draws capital from Bitcoin
Once an asset starts to outperform the rest of the market, you can bet the frenzy isn’t far behind. This is exactly what we are seeing right now. But this isn’t your typical short-term capital rotation. There is something more…
Minnesota bank strengthens C-suite with Climate First graduates
B2 Bank, owned by fintech entrepreneur Brian Barnes, has appointed a new CEO, president and chief credit officer, all from Climate First Bank in Florida, as the lender pursues a national digital banking strategy. Source link
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House Financial Services Committee Hearing Today on Tokenization
House Financial Services Committee is holding a hearing today on securities tokenization. As everyone knows, securities are becoming digital. This will bring significant improvements to all component parties, including issuers, investors and the platforms that enable these transactions. The hearing…
‘Roles reversed?’ – Bitcoin outperforms gold on ETF inflows
The Bitcoin and gold debate is on the agenda again. Since the West Asian crisis began, Bitcoin has gained 8.5%, strengthening its protection against geopolitical tensions. By contrast, gold fell 12 percent, defying expectations that it would recover during the…
HSBC offers AI role to senior executives
The bank cited productive artificial intelligence as an important investment area this year, stating that 85% of employees have access to the technology. Source link
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