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
Category: News
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
The Crypto Lawsuit; Bankrupt FTX Affiliate Alameda Sues Grayscale
According to Reuters News Reports, FTX said on Monday its affiliate Alameda Research had sued asset manager Grayscale Investments for imposing a “redemption ban” that
Robinhood Received Investigative Subpoena From The SEC
Robinhood is facing a US SEC Subpoena for their crypto operations a month after FTX filed for bankruptcy. The SEC wants to look into their
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
The European Union Urges Expeditious Implementation of Digital Asset Guidelines For Banking
The European Union is calling for banks to quickly implement tough capital rules for holding digital assets, in line with a global deadline, or risk missing out on the
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