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Sam Bankman-Fried Loses $17 Billion Fortune, Now Down to Just $100,000 in the Bank

30.11.2022
Sam Bankman-Fried, former CEO and founder of collapsed crypto exchange FTX, is down to $100,000 from the approximately $17 billion he was worth in early November. In a recent interview with Axios, Bankman-Fried claimed that he currently has around $100,000 in his bank accounts, down by 99% from...

RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks

30.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then expand to cover nine more cities across India. RBI Picks 8 Banks, 13 Cities to Test Retail...

SBF reveals what was behind FTX's reopening of Bahamian withdrawals

30.11.2022
The former FTX CEO has explained why the exchange only reopened withdrawals for Bahamian citizens shortly after it filed for bankruptcy on Nov. 10

President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality

29.11.2022
Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open finance,” showing a “super app”...

FTX reportedly used Alameda's bank accounts to process customer funds

29.11.2022
Former FTX CEO Sam Bankman-Fried, in a conversation with Vox admitted to using Alameda’s banking facilities for FTX user deposits

First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28

29.11.2022
New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy

National Bank of Ukraine releases draft concept for digital hryvnia

29.11.2022
One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations

European Central Bank President Christine Lagarde Calls For Crypto Regulation in EU Following FTX Collapse, Says It is ‘Very Much Needed’

29.11.2022
Christine Lagarde, head of the European Central Bank (ECB), has once again reiterated the need for bringing crypto under regulatory oversight in the European Union (EU) amid the collapse of cryptocurrency exchange FTX.... Read More: European Central Bank President Christine Lagarde Calls For Crypto...

Silvergate denies recent FUD, confirms minimal exposure to BlockFi

29.11.2022
Silvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi

JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse

29.11.2022
JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan...

Crypto Bank Silvergate Says Its BlockFi Digital Asset Deposit Exposure Totals Less Than $20M

29.11.2022
The bank's shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing

New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor

27.11.2022
The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System According to...

Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation

27.11.2022
According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian...

‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange

26.11.2022
Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto entities it accused...

Bank of Japan to Launch Digital Yen Pilot Program Next Year

26.11.2022
The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the currency via several transactions,...

UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes

26.11.2022
Starling Bank has informed its customers that the bank no longer supports fund transfers to cryptocurrency platforms, including crypto exchanges. The bank stated that cryptocurrencies “are high risk and heavily used for criminal purposes and, as such, we no longer support them.”...

Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail

26.11.2022
The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost...