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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
'Surgical removal' of crypto will only weaken USD dominance, commentators say
24.3.2023
A day after Coinbase received an SEC Wells notice, industry commentators weighed in on what recent regulator actions mean for America's crypto future
Banking turmoil pushes crypto to ‘no oversight’, says Circle CEO
23.3.2023
Crypto firms who have had the strongest position with U.S. regulation are now considered “unsafe,” Circle CEO Jeremy Allaire stated
Crypto reform coming to US in 2023, says former White House chief of staff
23.3.2023
SVB’s epic failure occurred “at a bank that happened to deal with crypto customers” but “was not a crypto-induced problem,” said Mick Mulvaney
SEC promotes self-custody and DeFi staking
23.3.2023
By taking control of one's own digital assets and private keys, individuals and institutions can ensure the security and flexibility of their assets
Coinbase could face SEC enforcement action for 'potential violations of securities law'
22.3.2023
The crypto exchange claimed that none of its listed assets were considered securities, and any potential targeting of its wallet was based on a “misunderstanding" by SEC officials
Adopting CBDC could destabilize banks, help households, US Treasury study says
22.3.2023
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis
US lawmakers reiterate concerns about 'sham' crypto firm audits to PCAOB
22.3.2023
Two U.S. senators cited the collapse of FTX when writing to the PCAOB chair Erica Williams in January, but now suggest improper auditing could have affected three banks as well
Seized exchange Bitzlato allows users to withdraw 50% of Bitcoin
22.3.2023
Bitzlato is yet to resolve the issue with the remaining 50% of user funds and may eventually compensate using its own funds
IRS calls for public feedback on taxing NFTs as collectibles
21.3.2023
Those wishing to offer feedback to the IRS on having NFTs treated as collectibles such as coins or works of art have until June 19 to submit comments
Yellen defends government intervention to avoid another SVB
21.3.2023
The Treasury Secretary of the U.S. Janet Yellen said the federal government will intervene if it is necessary to protect other small lenders
Florida gov and US presidential hopeful calls for CBDC ban
20.3.2023
"What the central bank digital currency is all about is surveilling Americans and controlling behavior of Americans," said Ron DeSantis at a 'Big Brother’s Digital Dollar' podium
Signature Bank deposits, branches sold to Flagstar, crypto not included
20.3.2023
The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20
SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
19.3.2023
The invitation was mediated by former CFTC Commissioner Mark Wetjen, who joined FTX US as the Head of Policy and Regulatory Strategy in Nov. 2021
Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis
19.3.2023
Finding the right balance between regulations and banking institutions is important for Schiff, considering that Puerto Rico regulators closed down Schiff’s bank due to non-compliance
Former Coinbase CTO makes $2M bet on Bitcoin's performance
18.3.2023
Balaji Srinivasan has predicted Bitcoin will reach $1 million within 90 days as a consequence of hyperinflation in the United States
Binance's response to U.S. Senators lacks financial information: Report
18.3.2023
Binance's Patrick Hillman answered a letter from United States Senators requesting information on Binance's operations in the country and its relationship with Binance.US
Sam Bankman-Fried to propose revised bail package ‘by next week’
18.3.2023
The move comes after a judge expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network services while on bail
Coinbase is planning to set up crypto trading platform outside US: Report
17.3.2023
The reported move came amid many U.S. lawmakers and regulators taking aim at crypto firms for their perceived role in the failure of three major banks
Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US
16.3.2023
On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal...