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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...

First Mover Asia: Bitcoin Dips Below $25K as Market Debates Liquidity

16.3.2023
ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week

Circle clears 'substantially all' minting and redemption backlog for USDC

16.3.2023
The stablecoin issuer said as at U.S. banking close on Wednesday, it redeemed $3.8 billion USDC and minted $0.8 billion USDC

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...

Payments Processor Stripe Secures $6.5B in Funding at $50B Valuation

16.3.2023
Stripe's valuation has fallen about 47% from its 2021 fund raise of $95 billion

Bitcoin Takes the Lead, Dominance Surges as BTC Outperforms Altcoins

16.3.2023
A growing narrative amongst crypto and traditional asset class investors that Bitcoin might actually be a viable safe haven against potential turmoil in the traditional fiat-based fractional reserve banking system has helped propel the BTC to fresh multi-month highs versus its major altcoin peers...

Art Trading Platform LiveArt Announces NFT Membership Card Linked to Exclusive Drops

16.3.2023
The platform says its LiveArt X Card is meant to "put an end to NFT flipping and speculation" by encouraging collectors to hold onto their art long-term

1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX

16.3.2023
Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is reportedly hiding in Serbia

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

OpenAI co-founder’s 'World ID' project launches, along with SDK waitlist

16.3.2023
The new IDs will allow users to prove they are unique humans without revealing personal information on websites

Further Bitcoin Volatility Ahead? Here’s What Options Markets Say About the BTC Price Outlook

16.3.2023
Bitcoin looks set to finish Wednesday’s session broadly unchanged in the mid-$24,000, handing market participants some much-needed time to catch their breath after a hectic seven days of price action. This time last week, Bitcoin had just dropped back under $22,000 for the first time in over three...

Gensler suggests staking token operators should 'seek to come into compliance’

15.3.2023
The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made by the CFTC chair

U.S. Federal Reserve’s Real-Time Payments System Coming In July

15.3.2023
The U.S. Federal Reserve is activating its long-awaited real-time payments system in July, the central bank said in a Wednesday statement, marking a transition that some have seen as a government challenge of the crypto sector’s instant-transaction advantages

Best Crypto to Buy Today 15 March – LHINU, AGIX, FGHT, STX, METRO, TARO

15.3.2023
Global banking turmoil continues to mount as Credit Suisse, one of the world's largest financial institutions, faces possible collapse. The bank's shares have plunged more than 24% in a day--and Saudi National Bank, the largest shareholder in Credit Suisse, has declared that it won't provide...

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

15.3.2023
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made...