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
Category: News
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,
Bank of America Still Forecasting 2023 Recession
Bank of America CEO still sees U.S. technical recession in 3rd quarter. Bank of America Chief Executive Officer Brian Moynihan said on Tuesday the U.S.
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
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