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Cryptocurrency News Articles
BNY Mellon's Conditional Exemption From the SEC's SAB 121 Guidance Could Give MicroStrategy Access to Large Institutional Counterparties for Lending Its Bitcoin, Says Benchmark's Mark Palmer
Sep 25, 2024 at 01:07 am
MicroStrategy Executive Chairman Michael Saylor has occasionally mentioned the idea of lending part of MicroStrategy's bitcoin to generate yield
Block (NYSE:SQ) subsidiary Cash App has reportedly applied for a banking charter in the U.K.
The move would allow Cash App to offer a wider range of financial services in the country, including lending and savings accounts.
Cash App currently operates in the U.K. as an e-money institution, which limits the types of financial services it can offer.
With a banking charter, Cash App would be able to offer a full suite of banking services, including checking and savings accounts, loans, mortgages, and credit cards.
The application was filed with the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), according to a report from The Block.
The PRA is responsible for regulating banks, insurers, and investment firms in the U.K., while the FCA regulates a wider range of financial services firms, including e-money institutions.
Cash App is one of the most popular mobile payment apps in the U.K., with over 5 million users.
The app allows users to send and receive money, buy and sell stocks and bitcoin, and get paid early for their work.
Cash App is also expanding rapidly in other markets.
Earlier this year, the company launched its services in Canada and France.
And in May, Cash App announced that it would be rolling out its services in Spain and the Netherlands.
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- GALA Rallies to 1-Month High, CEL Corrects After 300% Surge
- Sep 25, 2024 at 06:25 am
- Gala (GALA), the native token of the gaming blockchain Gala Games, rose slightly as the crypto held onto gains after a positive flip for the top coins.
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- Trump Adds 'True Symbol of American Greatness' Coin to His Merchandise Array
- Sep 25, 2024 at 06:25 am
- Dubbed "Trump Coins," the limited-edition silver medallions were designed by Trump and minted in the United States, the 2024 Republican presidential nominee said Saturday in a video message posted to Truth Social.
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- AkzoNobel to cut more than 5% of global workforce by end of 2025
- Sep 25, 2024 at 06:15 am
- The Dutch group, which has operations in 150 countries including the UK, said it will “streamline” its management structure through the cuts.
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- EasyA x Polkadot University Launches to Educate the Next Generation of Blockchain Developers
- Sep 25, 2024 at 06:15 am
- EasyA, the world's leading blockchain education platform, proudly announces the launch of its EasyA x Polkadot University. This will be the world's first university focused on educating the next generation of blockchain developers.
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- Fantom (FTM), ImmutableX (IMX), Helium (HNT) Price Analysis for the Upcoming Week
- Sep 25, 2024 at 06:15 am
- With the BTC price stabilizing above the $63,000 level, top cryptocurrencies have regained momentum with major altcoins breaking out of their respective resistance levels.
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- Valhalla Partners with Alliance to Introduce Web3 Gaming to Esports Audience
- Sep 25, 2024 at 06:15 am
- Floki is proud to announce that Valhalla, an innovative Web3 play-to-earn game, is in a groundbreaking partnership with Alliance, a leading global esports organization.
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- Valhalla Partners with Alliance to Introduce Web3 Gaming to Esports Audience
- Sep 25, 2024 at 06:15 am
- Floki is proud to announce that Valhalla, an innovative Web3 play-to-earn game, is in a groundbreaking partnership with Alliance, a leading global esports organization.
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- FLOKI Price Prediction: Can It Double From Here?
- Sep 25, 2024 at 06:15 am
- FLOKI's price has surged 287.29% over the past year and nearly 15% in the past seven days, making it the fifth-largest meme coin on the market.
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- Bitcoin (BTC) Price Pushes Past $64K as Monetary Ease Expectations Grow
- Sep 25, 2024 at 06:15 am
- Traders Tuesday pushed the chances of a second consecutive 50 basis point rate Fed rate cut up to 61%.