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Nalezeno "FV Bank": 7767

Crypto acted as safe haven amid SVB and Signature bank run: Cathie Wood

16.3.2023
Cathie Wood said the ongoing baking crisis is a total Fed policy failure and could have been averted with crypto’s decentralized solutions

Signature Bank’s Prospective Buyers Must Agree to Give Up All Crypto Business: Report

16.3.2023
The Federal Deposit Insurance Corporation (FDIC) has reportedly asked banks interested in acquiring the shuttered New York institution to submit bids by Friday

India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions

16.3.2023
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency...

Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’

16.3.2023
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday...

Blame traditional finance for the collapse of Silicon Valley Bank

16.3.2023
Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency

Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White

15.3.2023
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

15.3.2023
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos...

Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures

15.3.2023
Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve's supervision and regulatory activities following Silicon Valley Bank's closure

Swiss National Bank says it would support credit Suisse if necessary

15.3.2023
Swiss regulators reaffirm the soundness of the Swiss financial system, following recent concerns about Credit Suisse

Bitfury CEO: U.S. Government Using Crisis to Choke Off Crypto Access to Banks

15.3.2023
Brian Brooks, former head of the OCC and now board member of blockchain technology company Bitfury, says the recent crackdown by regulators on three crypto-friendly banks appears to be a coordinated effort and what some are dubbing "Operation Choke Point 2.0"

Why isn't the Federal Reserve requiring banks to hold depositors' cash?

15.3.2023
The fact that most banks aren’t required to keep your money on hand makes it likely that more bank failures will occur in the months ahead

British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

15.3.2023
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious...

US lawmaker accuses FDIC of using banking instability to attack crypto

15.3.2023
The collapse of Signature Bank, Silicon Valley Bank, and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to "choke off digital assets”?

Silvergate Was Not Cut Off From Loans, FHLB Says

15.3.2023
The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate late last year, did not force Silvergate to repay the advances which have been rumored to be the reason why the crypto-friendly bank had to go into voluntary liquidation, it said

Don’t Get Your Hopes Up: SVB's Demise Won't Bring Interest Rates Down

15.3.2023
The Federal Reserve’s new Bank Term Funding Program is a backstop for banks – but also a license to let interest rates rip

NatWest Bank Imposes Monthly Crypto Exchange Payment Limit of $6K, Citing Fraud Concerns – Here's the Latest

15.3.2023
Consumer-focused UK bank NatWest is putting a limit on the amount of money customers can transfer to cryptocurrency exchanges in a move that shows deteriorating relationships between digital asset firms and financial institutions. Users of the bank will be limited to payments of 1,000 British...

Today in Crypto: Europol Closes ChipMixer & Seizes BTC 1909, 'Surge in Cold Storage & ETH Layer 2 Usage' Post-FTX, Synalcom & Qori Enable Crypto Transactions for 20K Businesses in 'One Action'

15.3.2023
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: Europol Closes ChipMixer & Seizes BTC 1909, 'Surge in Cold Storage & ETH Layer 2 Usage' Post-FTX, Synalcom...