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Shares of Deutsche Bank, Other Euro Lenders Tumble
24.3.2023
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank...
European banks head into another weekend of uncertainty as default risks surge
24.3.2023
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system
Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says
24.3.2023
The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during...
Bitcoin, Ethereum Technical Analysis: ETH Drops From 7-Month High, as Market Volatility Heightens
24.3.2023
Ethereum fell from a 7-month high March 24, as traders reacted to further uncertainty within the European banking sector. Shares in Deutsche Bank fell by as much as 13% in today’s session, following a spike in the cost of credit default swaps. Bitcoin briefly moved above $28,000 on the news....
European Crypto Startups Raised Record $5.7B in VC Funding in 2022
22.3.2023
A new report from crypto VC firm RockawayX and startup data provider Dealroom showed strength in the region despite the crypto winter
EU Banking Authority to Hire Crypto Experts as it Prepares for New MiCA Law
22.3.2023
The Paris-based agency will have to supervise large stablecoins and make rules under the landmark licensing legislation
EU Crypto Banking License Procedures Are too Inconsistent, ECB Says
21.3.2023
The eurozone supervisor is seeking to smooth out a process dominated by German and Luxembourgish banks
Circle Seeks to Register in France, Ramping Up European Play
21.3.2023
The stablecoin issuer wants to expand European operations and prepare for new reserve requirements under the EU’s MiCA law
In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.
20.3.2023
A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down
Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis
20.3.2023
On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision...
Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCA
19.3.2023
The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial...
Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil
19.3.2023
A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban...
Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps
17.3.2023
The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that...
‘If a government bans drugs, it should also ban crypto’ — Belgium’s former finance minister
17.3.2023
Members of the European Parliament have been discussing the impact of the failure of Silicon Valley Bank, Signature Bank and Silvergate Bank on markets in their jurisdictions
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks
17.3.2023
Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert” to events as they unfold, European Commissioner Mairead McGuinness has said. Despite McGuinness’ reassuring remarks, stocks of Europe’s largest...
Bitcoin Holds Steady Above $24.5K as European Banking Crisis Eases
16.3.2023
BTC has remained in a range between $24,200 and $25,200 over the past 24 hours. Investors are hoping the Federal Reserve relaxes its recent monetary hawkishness
Biggest Movers: DOGE, SHIB Slip Following ECB Rate Hike
16.3.2023
Dogecoin and shiba inu fell by as much as 5% in today’s session, as markets reacted to the European Central Bank (ECB) rate hike. The bank moved to increase rates by 50 basis points, despite the recent banking crisis. As a result of this many now expect that the Federal Reserve will continue...
European Parliament votes to form final law on EU digital wallet
16.3.2023
Introduced in 2021, the European Digital Identity framework aims to enable and protect digital identity of EU citizens
Exploring the possibilities of Web3 with super apps
16.3.2023
Because Web3 applications are decentralized and often owned by their users, who retain full control of the information they share, they could be fertile ground for the next super apps.
Bitcoin Slides Below $24.5K as European Banking Woes Spook Investors
15.3.2023
BTC dropped as low as $23,946 Wednesday midday before pulling back above the $24,000 mark. Equity markets also struggled on the Swiss banking giant news