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
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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
Another Digital Asset Issuer Registered by Bank of Russia
The Central Bank of Russia has added a new entity to its register of approved issuers of digital financial assets. The platform, known as ‘Masterchain,’
Your Crypto Transactions Are Seen Says The Australian Tax Authority (ATO)
The growing popularity of cryptocurrencies has increased their use for transactions and investments, which has caught the attention of tax authorities. The Australian Tax Authority
Signature Bank Has Been Closed Down; Placed Under FDIC Control
On March 12, 2023, the New York-based bank Signature Bank was closed down by state regulators, as announced by the Federal Reserve. This comes as
Coinbase, Binance Suspend USDC Conversions As Dollar Peg Wobbles
Top cryptocurrency exchanges Binance and Coinbase both said on Friday night that they would temporarily suspend USDC conversions as the contagion from the collapse of Silicon