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Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
10.3.2023
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell was told
Finance Is Headed Toward Bank-Free, Decentralized Future: Bernstein
10.3.2023
Bank-free decentralized finance will be a trillion-dollar asset pool with over $40 billion in revenue by 2028, the report said
Crypto industry braces for impact with Silvergate exit
9.3.2023
Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
9.3.2023
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the...
4 Potential Winners of the Silvergate Unwind
9.3.2023
The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial services providers
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
9.3.2023
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s...
SWIFT moves to next phase of CBDC testing after positive results
9.3.2023
According to SWIFT, 24% of central banks will introduce a CBDC within the next couple of years
Banks with crypto services require new Anti-Money Laundering capabilities
9.3.2023
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions
Ukraine’s central bank sees both promises and threats in Bitcoin
9.3.2023
The central bank of Ukraine sees crypto as a threat to macro-financial stability and a promising opportunity for better payments at the same time
Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank
8.3.2023
The company claimed that the bank's voluntary liquidation is its best path forward due to recent industry and regulatory developments
Gemini's banking relationship with JPMorgan 'remains intact'
8.3.2023
In a brief and straightforward message, crypto exchange Gemini denied reports and said its banking relationship with JPMorgan remains intact
White House Is 'Aware of' Silvergate Situation, Spokeswoman Says
6.3.2023
White House Press Secretary Karine Jean-Pierre said the presidential administration is monitoring Silvergate Bank's situation, and said Congress must act
Today in Crypto: ByBit Announces Card, PancakeSwap to Launch V3 on BNB Chain, Egypt Arrests 29 Scammers, Pakistan Banks' Association to Develop a Blockchain-based KYC Platform
6.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________...
Read More: Today in Crypto: ByBit Announces Card, PancakeSwap to Launch V3 on BNB Chain, Egypt Arrests 29 Scammers, Pakistan Banks'...
Pakistan banks agree on blockchain-based KYC system development
6.3.2023
The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing
Pakistan Banks to Use Blockchain Technology for KYC
6.3.2023
Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated...
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report
5.3.2023
Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash...
Bybit halts USD bank transfers citing partner outages
4.3.2023
Dubai-based Bybit is the latest crypto exchange to suspend USD wire transfers claiming partner disruptions
Silvergate closes Exchange Network, releases $9.9M to BlockFi
4.3.2023
The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision
Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ
3.3.2023
Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says
Regulator Warnings Prompt HSBC and Nationwide Banks to Limit Crypto Transactions
3.3.2023
HSBC Holdings Plc and Nationwide Building Society imposed limits on retail customers' access to cryptoassets in another episode of UK banks reacting to the recent crypto industry legal and regulatory issues.
HSBC said that, in February, it restricted customers from buying crypto with its credit...