The United States Federal Reserve has confirmed that it will launch its instant payment system, FedNow, in July. This move is a significant step for
Category: News
The IMF Release Report On Central Bank Transparency Code Findings
The Executive Board of the International Monetary Fund (IMF) recently discussed a policy paper titled “The Central Bank Transparency Code- Findings of the Pilot Reviews.”
Swiss Banking Giant Credit Suisse Struggling To Survive
Credit Suisse, a 166-year-old institution that was once a symbol of Swiss pride, is struggling to survive as investors, fearing that the bank could run
Anchorage Digital Asset Bank Announces 20 % Reduction In Force
Anchorage Digital, a federally chartered digital asset bank, announced on March 14 that it will be reducing its headcount by approximately 20%, or 75 employees,
According To Juniper Research: CBDC Transactions to Exceed $213 Billion by 2030 Globally
According to a new report by Juniper Research, payments made through central bank digital currencies (CBDCs) are expected to reach $213 billion per year by
Silicon Valley Bank Facing Multiple Investigations By SEC & DOJ
The United States Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating Silicon Valley Bank (SVB), which was taken over
An Amicus Brief Has Been Filed By Coinbase in Insider Trading Case
Coinbase, the popular digital currency exchange, has stated that it is interested in listing securities if given the appropriate guidance and rules from the Securities
HSBC Rescues The British Arm of Silicon Valley Bank
In a dramatic turn of events, HSBC has come to the rescue of the British arm of Silicon Valley Bank (SVB), which had been struggling
The Crypto Banking Trifecta: Silvergate, Signature, and Silicon Valley Bank Debacle
The Crypto Banking Trifecta: Silvergate, Signature, and Silicon Valley Bank, experienced a major failure last weekend, sending shockwaves throughout the stablecoin market. These three banks
The Value of US Banks’ Bonds Drops, Resulting in Unrealized Losses of $620 Billion
Silicon Valley Bank (SVB) was hit by a decline in the value of its bonds, which were purchased during boom times when the company had