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Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard
6.4.2023
On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should...
Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble
6.4.2023
Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins
New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto Activities – Bullish for the Industry?
6.4.2023
The idea that the closure of Signature Bank was in any way an attempt to target the crypto sector is “ludicrous,” the Superintendent of the New York Department of Financial Services (NYDFS) has said....
Read More: New York Finance Regulator Clarifies: Signature Bank Shutdown Unrelated to Crypto...
Saxo Bank’s March 2023 Report Shatters Records: Best Month Since 2020!
6.4.2023
Saxo Bank has published its report for March 2023, revealing that it has been the best month since March 2020. Not just March 2020, but it turns out that the numbers have been good in comparison to the previous few months as well. Foreign exchange volume was on the lower side till February 2023....
South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’
6.4.2023
The United States’ attempts to “assassinate crypto” are illegal and unlikely to succeed because “crypto is global,” Steven Boykey Sidley, a South African professor and author, has argued. According to Sidley, many formerly U.S.-based companies and innovators have...
Nigerian crypto foreign investment is at a record low: Study
6.4.2023
Foreign direct investment (FDI) in Nigeria fell by 33% last year due to a severe shortage of dollars, which discouraged crypto companies from expanding into the country
Singapore to introduce uniform screening standards for crypto bank accounts
6.4.2023
Potential guidelines reportedly won’t have a binding force over banks, who could rely on their own risk assessment
ANZ Bank Completes Carbon Credits Trading as Part of Australia's CBDC Pilot
6.4.2023
Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia's central bank digital currency (CBDC) pilot
Central Bank of Sri Lanka Warns of ‘Significant Risks’ in Using and Investing in Crypto
6.4.2023
Sri Lanka’s central bank has issued a warning about “the significant risks associated with using and investing in cryptocurrency.” The central bank reminded the public that “cryptocurrencies are unregulated investment instruments which are not recognized as an asset class...
Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’
6.4.2023
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely...
'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head
5.4.2023
The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement ‘Operation Choke Point 2.0’
ANZ bank completes Australian CBDC use case for carbon credit trading
5.4.2023
The first Australian dollar-backed stablecoin was used with Australian CBDC support to trade carbon credits with Grollo Carbon Ventures
USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble
5.4.2023
The stablecoin offers greater transparency than competitors like Tether, but, unfortunately, that proved of little value as it was de-pegged during the recent banking crisis, says JP Koning
NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'
5.4.2023
Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Point 2.0,” according to Adrienne Harris, superintendent of the New York Department of Financial Services (NYDFS), who called the idea “ludicrous.”
Majitel Zásilkovny investuje do rozvoje miliardu korun, peníze získal od tří bank
5.4.2023
Skupina Packeta, která vlastní logistickou společnost Zásilkovna, oznámila zisk úvěru ve výši jedné miliardy korun. Peníze poskytly tři banky: Citibank, Česká spořitelna a UniCredit Bank. Packeta to oznámila v tiskové zprávě
Tether 'unequivocally reiterates' no exposure to Signature Bank
5.4.2023
The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank
Russians Spend More on Crypto than Gold, Says Central Bank – Crypto Bull Market Incoming?
5.4.2023
Russians are now spending more per household on crypto than gold and other precious metals, a Central Bank report has discovered.
The bank’s findings were compiled in a report named “A Nationwide Survey of Consumer Finance Households” (literal translation).
The report compiled a range of data...
Brazilian Investment Bank BTG Pactual Brings Out Dollar-Backed Stablecoin
5.4.2023
BTG Pactual, one of Latin America's largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt
Swiss Government-Owned Bank to Grant 2.5 Million Users Crypto Capabilities via New Partnership – Crypto Adoption on the Rise?
5.4.2023
Major Swiss bank PostFinance has partnered with digital asset services provider Sygnum Bank to offer cryptocurrency trading and storage services for its customers.
As part of the partnership, the Swiss state-owned bank will provide its 2.5 million customers access to buy, sell, and store Bitcoin...
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...