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Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto

12.6.2024
President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?

Australia’s peak crypto lobby group drops ‘blockchain’ from name

11.6.2024
Blockchain Australia is now the Digital Economic Council of Australia (DECA) with a membership category for banks, most of which have blocked crypto exchanges

6 US Banks Face Moody’s Downgrade

10.6.2024
Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the “Big Three” credit rating agencies along with...

Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin’ as G7 Central Banks May Slash Rates

8.6.2024
Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex...

Central Banks Boost Gold Reserves by 33 Tonnes in April

8.6.2024
Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central bank’s year-to-date acquisitions to...

Startups can hedge bank risk with Bitcoin — Tim Draper

6.6.2024
The fall of Silicon Valley Bank prompted Venture Capitalist Tim Draper to tell the firms he’d invested in to buy Bitcoin

63 US banks on the brink of insolvency: Why Bitcoin's next target is $100K

5.6.2024
Bitcoin price may be closer to the big milestone $100,000 mark than many realize as a looming banking crisis could see BTC become the new "safe haven asset."

Private firms to join global central bank CBDC project

5.6.2024
As Project mBridge enters its MVP phase, BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform's potential

US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged

4.6.2024
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses...

EU watchdog urges banks to prioritize clients in AI usage

31.5.2024
The EU's top financial regulator, ESMA, mandates that banks and investment firms ensure AI tools prioritize client interests, reinforcing accountability under MiFID

Central banks turn to generative AI for enhanced cybersecurity: BIS

28.5.2024
Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow

U.S. Credit Unions Adopt Tokenization of Real World Assets

24.5.2024
Credit Unions in the U.S. are starting to use blockchain and tokenization to automate business processes, but regulatory challenges remain. The post U.S. Credit Unions Adopt Tokenization of Real World Assets appeared first on Cryptonews

Resolution overturning SEC crypto rule is on Biden’s desk — Now what?

24.5.2024
President Joe Biden has ten days, excluding Sundays, to decide whether he wants to follow through on his threat to veto H.J.Res.109

‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto

20.5.2024
Russian President Vladimir Putin charged against the U.S. actions seeking to block Russian payments to China and other countries. During a two-day trip to China, the Russian leader emphasized that this strategy was “really stupid and a huge mistake,” considering that these actions...

Western Banks Face Major Asset Seizure in Russia Amid Gazprom Subsidiary Dispute

19.5.2024
In a significant move against western banks, a St Petersburg court has seized over $763 million of assets from Unicredit, Deutsche Bank, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million...

Economist Jim Rickards Predicts Gold Price Exceeding $27,000 — Says: ‘It’s Not a Guess. It’s Rigorous Analysis’

19.5.2024
Economist Jim Rickards forecasts that gold prices could surpass $27,000, emphasizing that this projection is not made for attention or shock value. “It’s the result of rigorous analysis,” he clarified. This represents a significant increase from his previous estimate of $15,000 by 2026....

DTCC, Chainlink pilot accelerates fund tokenization with major banks on board; LINK soars 7%

17.5.2024
The Depository Trust and Clearing Corporation (DTCC), recognized as the world’s largest securities settlement system, has successfully completed a pilot project in collaboration with the blockchain oracle Chainlink and multiple major U.S. financial institutions. The term “Smart NAV” given...