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Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens

29.7.2023
Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control

US banking advocacy group support Sen. Warren’s reintroduced crypto bill

29.7.2023
According to the Bank Policy Institute, the inclusion of digital assets in the anti-money laundering framework is essential to safeguard the United States' financial system and protect it from illicit finance

Russian President Vladimir Putin Criticizes the ‘Use of the Dollar as a Political Weapon’

29.7.2023
Russian President Vladimir Putin has railed against using the dollar as a political weapon in a meeting with the New Development Bank’s president, Dilma Rousseff. Putin stated that this weaponization and the recent developments in global finance complicated the institution’s growth...

Ex-Fed Policy Analyst's Paper: Stablecoins Present Lower Risk Than Traditional Bank Deposits

28.7.2023
Dollar-pegged stablecoins may actually be less risky to hold than traditional bank deposits, according to Brendan Malone – a former Federal Reserve Board analyst. Now writing on behalf of technology research and investment firm, Paradigm, Malone argued on Wednesday that stablecoins are inherently...

SEC Case Had 'Almost No Impact' on Ripple's Talks With Central Banks, Says Exec

28.7.2023
James Wallis said the decision that Ripple's sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry

Indian supreme court raps Union government on crypto rules delay: report

28.7.2023
The Supreme Court bench asked the union government to file a report on whether they are capable of setting up a federal agency to investigate crypto-related crimes

Crypto.com Receives Registration Approval From The Dutch Central Bank – Here’s the Latest

28.7.2023
Cryptocurrency platform Crypto.com acquired a registration approval with De Nederlandsche Bank (DNB), the Dutch central bank, as a crypto services provider. Contributing to Crypto.com’s regulatory license momentum, the approval follows a “comprehensive review of Crypto.com’s business...

NFT-styled debit cards the future of Web3 - Animoca founder on $30M hi investment

28.7.2023
Animoca Brands partners with hi, a Web3 app that features cryptocurrency exchange services, conventional digital banking and customized NFT-styled debit cards

Crypto.com registers in the Netherlands, cleared to advertise services

28.7.2023
The company received the green light from De Nederlandsche Bank to offer its services in the country

Bolivian Central Bank Using Chinese Yuan for International Settlements

28.7.2023
Economy Minister Marcelo Montenegro acknowledged that the Bolivian Central Bank is harnessing the Chinese yuan in its commercial settlements. The switch to using the Chinese currency has to do with the dollar scarcity that the country is facing, having to approve a law to sell part of its gold...

ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns

27.7.2023
The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by reporters, Lagard insisted the central bank was “not going...

Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst

27.7.2023
Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm

Bank of Italy's Innovation Hub to Work with Polygon and Fireblocks on DeFi Project

27.7.2023
The Bank of Italy announced a partnership with the Ethereum scaling team Polygon and crypto infrastructure provider Fireblocks to initiate a pilot program aimed at establishing a regulated platform for "institutional DeFi." This collaboration sets a landmark as it involves a G7 Central Bank...

Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity

27.7.2023
The Nigerian central bank has said it is amending the model of its central bank digital currency and is hopeful that such an exercise will result in “an increase in the volume and activity of wallet holders.” According to the acting governor, the central bank is also working towards...

Bitcoin Volatility Expected on Friday's Bank of Japan Rate Decision. Here's Why

27.7.2023
The BOJ is predicted to soften its grip on the country's bond markets, potentially influencing global bond markets, exchanges rates and liquidity conditions. Bitcoin and cryptocurrencies, in general, are sensitive to changes in global liquidity conditions

Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth

26.7.2023
In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation. Fed Raises Benchmark Bank...