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Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts

6.8.2022
Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash...

Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Million in Cash Deposits

5.8.2022
The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege...

Voyager received better buy-out offers than FTX’s, set to return $270M to customers

5.8.2022
The crypto lender will be allowed to return a portion of customer funds locked up at the Metropolitan Commercial Bank which have been frozen until now

Tether says it holds zero Chinese commercial paper, denies 85% exposure

27.7.2022
Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago

Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules

22.7.2022
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones...

US Treasury study finds CBDCs a plus for commercial bank stability

13.7.2022
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study

South Korea Ready to Test its CBDC with Commercial Banks, But Says Launch Is ‘a Long Way off’

12.7.2022
South Korea’s central Bank of Korea (BOK) says it is now ready to commence “real-world” testing for its prototype digital won – but is refusing to say whether or not it actually intends to roll out the token.... Read More: South Korea Ready to Test its CBDC with Commercial Banks, But Says Launch...

US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance

9.7.2022
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC...

Tether continues to reduce commercial paper in sharp reduction since March

1.7.2022
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far

Celsius' Options, Tether's Commercial Paper, Blockchain.com vs. Three Arrows + More News

1.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: Celsius' Options, Tether's Commercial Paper, Blockchain.com vs. Three Arrows + More News

Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns

1.7.2022
Stablecoin issuer Tether has cut its commercial paper holdings to $8.5 billion, with a further reduction to $3.5 billion planned for the end of the month

Russia to Trial Digital Ruble Settlements for Real Estate Deals

23.6.2022
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart...

Tether aims to decrease commercial paper backing of USDT to zero

15.6.2022
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it

Tether Denies Claims of Asian Commercial Paper Backing, Exposure to Three Arrows Capital

15.6.2022
Stablecoin issuer Tether has denied that its commercial paper portfolio is 85% backed by Chinese or Asian commercial papers

Accuweather Collaborates With API3 in Order to Provide Blockchain-Powered Weather Data

1.6.2022
On June 1, the American media company that provides commercial weather forecasts, Accuweather, announced it is tethering weather data to blockchain technology by hosting an API3 Airnode. The company revealed that it is collaborating with blockchain oracle provider API3 and Web API operators will...

Siam Commercial Bank Is Chasing DeFi Yield Through Compound

27.5.2022
The bank’s venture arm, SCB 10X, is using Compound Treasury’s 4% yield service via the Fireblocks custody platform

TCG World Announces $5,000,000 Purchase of Virtual Estate in the Largest Open World Metaverse Platform

26.5.2022
TCG World recently announced an exciting new strategic partnership with Curzio Research Inc, which has acquired 19 commercial real estate properties inside TCG World Metaverse for $5,000,000. The acquisition will mark one of the largest real estate purchases for virtual property inside...