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Certain Banks' Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS
28.2.2023
Banks across the globe lowered their exposure to certain crypto by 43.6% in a year, a report by the Basel Committee on Banking Supervision (BCBS) said on Tuesday
SEC Plans to Restrict Hedge Funds Exposure to Crypto With New Proposal
15.2.2023
The U.S. Securities and Exchange Commission (SEC) has proposed a draft that would make it harder for hedge funds, private equity firms, and pension funds to work with crypto companies.
The proposal would make it difficult for crypto firms to hold digital assets on their client’s behalf...
IMF wants El Salvador to reconsider Bitcoin exposure: Community reaction
15.2.2023
One community member interpreted the IMF’s move as a way to “scare other countries away” from adopting Bitcoin as a legal tender
Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure
13.2.2023
The proposed rule change, putting crypto at one of the highest risk ratings at financial institutions, could go into effect until December 2024
AI Token Search Traffic Spikes as Crypto Traders Seek Exposure
8.2.2023
As artificial intelligence captures the tech zeitgeist, traders are searching for ways to invest
US financial regulators warn against crypto exposure in retirement accounts
7.2.2023
The financial watchdogs targeted self-directed individual retirement accounts with potential exposure to crypto in a warning to investors
Binance Halting US Dollar Deposits and Withdrawals via Bank Accounts
7.2.2023
Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and more banking institutions try to reduce their exposure to the crypto market. “We are working hard to restart service as soon as possible,” Binance said....
FTX creditors list, BlockFi $1.2B exposure and new Celsius token: Hodler’s Digest, Jan. 22-28
28.1.2023
FTX will be the subject of a U.S. Senate hearing, authorities take HashFlare founders into custody and New York finalizes its PoW ban
How a Crypto Quant Firm Shook Off the Bear Market – And FTX Exposure
25.1.2023
The two funds from Pythagoras Investment finished the turbulent year up 8%
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research
25.1.2023
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what...
Breaking: BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX exposure
25.1.2023
The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K
22.1.2023
Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With...
Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
20.1.2023
The Chicago-based firm was listed among Genesis' creditors in the amount of $18 million, but Cumberland said that's too high. The document includes "misleading and incorrect information," Cumberland tweeted
Bybit CEO offers clarity on exposure to Genesis, but community demands more
20.1.2023
The community questioned Bybit’s timing in revealing their exposure now and many demanded proof to back up the reassurance from the CEO
Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong
14.1.2023
Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide economic exposure to the value of bitcoin,” Samsung detailed. Samsung’s Bitcoin...
Bitcoin's 'Volatility Smile' Shows Increased Demand for Bullish Exposure
13.1.2023
Bitcoin's volatility smile is a graphical representation of implied volatility or demand for options at different strike levels
Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York
10.1.2023
U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met with federal prosecutors at an alleged proffer session...
Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets
19.12.2022
The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies...
Central Banks to set standards on banks’ crypto exposure - BIS
17.12.2022
The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025
FalconX says exposure to FTX represented 18% of its 'unencumbered cash equivalents'
9.12.2022
According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.”