After Friday’s stunning collapse of Silicon Valley Bank, questions swirled around the exposure of one of crypto’s top firms, Circle, the issuer of the second-largest
Author: Shree Edwards
California’s Silicon Valley Bank Collapses
California banking regulators on Friday moved quickly to close startup-focused lender Silicon Valley Banks Financial Group , the largest bank failure since the financial crisis,
Silvergate Crypto Bank Is Going Out of Business
It is the first U.S. bank to go out of business since 2020. It’s a new thunderclap that falls on the crypto industry. A disaster
SWIFT Sets Out Blueprint for Next Phase of a Central Bank Digital Currency (CBDC) Network
Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network after receiving positive testing results. According to
Chairperson, Gary Gensler US SEC Warns Crypto Investors Again, But Separates Bitcoin
Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), has recently made some comments on the legal status of Bitcoin that investors
BRICS Countries Launching New Currency Resulting in a Tsunami of Inflation
The currency wars are getting hot and it’s looking increasingly likely that the world is going to start moving away from the US dollar as
US FED Issued Joint Statement on Liquidity Risks to Banking Organizations Resulting From Crypto-Asset Market Vulnerabilities
The United States Federal Reserve and banking regulators warned banking organizations Thursday about liquidity risks associated with crypto-asset-related entities. The agencies said the stability of
The International Monetary Fund Issues Action Plan; No Legal Tender For Crypto
The International Monetary Fund (IMF) is recommending that countries not give cryptocurrencies like Bitcoin status as legal tender The global lender of last resort said
Paxos Consulting With SEC Regarding The Binance Stablecoin
The firm behind Binance’s stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it
Hong Kong Seeks The Public’s Advice On Crypto Regulations
Hong Kong’s Securities and Futures Commission (SFC) has launched a public consultation on regulating virtual asset trading platforms in Hong Kong. Hong Kong’s Securities and