3 hours ago | 2 mins read Altcoin News The selected use cases were picked from several proposals made by industry members. Jones claims that the pilot and larger studies would run simultaneously. Rece...
Tag: Bank
Reserve Bank of Australia Unveils Proposed CBDC Use Cases – Featured Bitcoin News
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor ...
Binance Temporary Ban’s Ukraine’s Hryvnia Currency Bank Cards
Both exchanges validated the existence of the issues related to such trades. The limits imposed by the central bank towards the end of December had gotten stricter. Binance, the biggest cryptocurrency...
Here’s what could happen next to crypto-friendly bank Silvergate Capital
Once a crucial banking partner for the crypto firms, Silvergate Capital (SI), is now on the cusp of failure. The La Jolla, California-based company said Friday evening that it’s suspending its S...
Crypto Exchange Bybit Halts USD Deposits Via Bank Transfer
12 hours ago | 2 mins read Exchange News Many crypto exchanges have severed connections with Silvergate Bank. Users of Bybit may no longer make new deposits in US dollars. Bybit, one of the leading cr...
Tether denies WSJ allegations of falsified bank documents
Ad Tether has denied reports on March 3 suggesting that it was involved in external attempts to obtain bank accounts through falsified documents. WSJ claims Tether exec signed false documents On March...
Silvergate Bank Shutters SEN Network to Reduce Risk
Silvergate Capital has shuttered its Silvergate Exchange Network (SEN) as a “risk-based” decision following a second downgrade by rating agency Moody’s. The firm added that its deposit services remain...
Bybit suspends USD bank transfers amid service outages
Bybit, a Dubai-based cryptocurrency exchange, has announced that it is temporarily suspending United States dollar (USD) deposits via bank transfers in response to “service outages from a partne...
Bybit halts deposits via USD bank transfer, citing partner ‘service outages’
Crypto exchange Bybit stopped USD deposits via bank transfer, citing “service outages” from a partner. “Effective immediately, USD deposits via wire transfer (SWIFT) and wire ...
Tether Used Fake Documents to Open Bank Accounts: WSJ
Tether’s troubles continue. According to a Friday WSJ report, companies backing the world’s biggest stablecoin used fake documents and shell companies to help its parent company get into the banking s...
Xapo Bank Becomes 1st Lender To Enable Near-Instant Bitcoin Payments
Xapo Bank announced it has integrated the Lightning Network and formed a partnership with Lightspark. This collaboration will make the organization the first private bank to accept Lightning payments ...
Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand – Economics Bitcoin News
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to...
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low – Featured Bitcoin News
Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurr...
Silvergate Bank to release nearly $9.9 million to BlockFi
A bankruptcy judge has ordered Silvergate Bank to release nearly $9.9 million to crypto lender BlockFi, days after the bank said it was “reevaluating its business” and could be “less than well-c...
Pakistan Banking Association To Create Blockchain-Based System To Exchange Bank Data
Mar 04, 2023 at 10:10 // News In March 2023, the Pakistan Banking Association (PBA) announced its plans to create a government-owned blockchain-based eKYC platform for the exchange of banking data, wh...
Coinbase, Paxos halt business with Silvergate Bank
Coinbase (NASDAQ: COIN) has announced it is discontinuing its business relationship with Silvergate (NYSE: SI), a crypto-friendly bank that is looking increasingly in trouble following the crypto wint...
Crypto’s favorite bank is on the brink. What happens if Silvergate fails?
After FTX’s collapse in November, experts warned of contagion, or the systemic damage that the crypto exchange’s failure could have on the broader sector. The biggest loser after FTX itself may be Sil...
Depegging, bank runs and other risks loom – Cointelegraph Magazine
Stablecoins are entering a period of great uncertainty following the U.S. Securities and Exchange Commission labeling BUSD an “unregistered security” and ordering Paxos to stop minting new tokens. Do ...
Kraken Pulling Back From Using Signature Bank: Bloomberg
Join the most important conversation in crypto and web3! Secure your seat today Crypto exchange Kraken is pulling back from using crypto-focused bank Signature Bank for some significant financial tran...
Australia’s Reserve Bank launches CBDC pilot.
Central Bank Digital Currencies (CBDCs) continue to grow. The Reserve Bank of Australia (RBA) is the latest entrant to delve into CBDCs’ real-life utility. Central banks worldwide have explored the p...
Australia’s Central Bank Selects CBDC Use Cases As It Prepares For Pilot Study
The Reserve Bank of Australia (RBA) published a report on Wednesday outlining its selected use case proposals of a central bank digital currency (CBDC) alongside their respective providers. This repor...
Robert Kiyosaki Says World Economy on the Verge of Collapse — Warns of Bank Runs, Frozen Savings, Bail-Ins – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the world economy is on the verge of collapse. He warned investors about the risks of bank runs, frozen savings, and...
Crypto bank Silvergate evaluating ability to survive as going concern
Shares of crypto-focused bank Silvergate plunged in after-hours trading on Wednesday after the lender said it was evaluating its ability to survive as a going concern. California-based Silvergate, one...
Crypto Bank Silvergate Plunges After It Says Examining Viability, Delays Annual Report
(Bloomberg) — Cryptocurrency-friendly bank Silvergate Capital Corp. is studying whether it’s still viable and reviewing its financial controls, following the collapse of Sam Bankman-Fried’s FTX....
Best AI Stocks: Bank Of America Weighs In On ChatGPT Phenomenon
Some surprise chip equipment makers as well as cloud software analytics companies are potentially among the best AI stocks, along with Nvidia (NVDA), says Bank of America in a report on the ChatGPT ph...
Crypto Firm LedgerX Tells Clients to Send Funds to Signature Bank, Not Silvergate
(Bloomberg) — Crypto derivatives platform LedgerX, one of the few solvent pieces of the bankrupt FTX empire, will no longer use embattled Silvergate Bank to receive domestic wire transfers begin...
Bank of America warns the Fed will hike rates to the ‘point of pain’ as experts say there’s no ‘serious signs’ the economy is under control
It seems the bullish confidence in America’s economy may take another hit after analysts warned the Fed could hike rates up to 5.5%—despite the fact they’re already sitting at a 16-year hi...
Citizens Trust Bank Holds $65 Million in USD Coin reserves
Citizens Trust Bank, a financial institution that is regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coi...
The IMF Releases a Report on Jordan Preparations for a Central Bank
After the International Monetary Fund (IMF) has finished its technical assessment on the country’s markets, the Central Bank of Jordan is one step closer to taking the next step that is necessar...
Stocks Poised For Losing February As Bank Of America Warns Fed Could Raise Rates To Nearly 6%
Topline Major stock indexes fell in February as Wall Street digested the latest round of corporate earnings and reacted to growing expectations the Federal Reserve may hike interest rates higher than ...
Bank of America double downgraded a satellite TV provider today
Dish Network Corp (NASDAQ: DISH) is already down more than 20% versus its year-to-date high but a Bank of America analyst says the pain is far from over just yet. Dish stock could tumble further to $1...
BoE governor argues a digital pound could protect against bank runs
A new digital version of the pound might help safeguard customers in the event of a banking system collapse, according to Bank of England (BoE) Deputy Governor Jon Cunliffe, adding to the case for a p...