The European Parliament adopted legislation under the Data Act on March 14, which includes provisions on smart contracts and the internet of things (IoT). The legislation was passed with 500 votes in ...
Tag: Regulation
Coinbase Takes On SEC’s ‘Regulation by Enforcement’ Amid Crypto Market Rebound
The popular crypto exchange Coinbase has risen to challenge the US Securities and Exchange Commission (SEC) over its sporadic enforcement actions against crucial industry players. The firm believes th...
EU Parliament passes smart contract regulation under Data Act
Smart contracts are one step closer to falling under European Union-wide regulation within a broader strategy on data markets, an issue that continues to raise concerns within the crypto industry. ...
Coinbase Confronts SEC Over Enforcement by Regulation Approach
6 seconds ago | 2 mins read Exchange News As Paul Grewal points out, the current laws don’t apply to digital assets. Coinbase petitioned the SEC to adopt rules on digital asset securities last year. S...
Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam – Regulation Bitcoin News
The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the ...
Credit Suisse publishes delayed 2022 report after SEC talks end
Credit Suisse Group AG on Tuesday published its annual report for last year, and confirmed previous years’ financial results, after a delay amid discussions requested by the U.S. Securities and Exchan...
Coinbase Challenges US SEC “Regulation By Enforcement” As Crypto Recovers
Coinbase has filed an amicus brief in the SEC v. Wahi insider trading case asking the court to dismiss the lawsuit as the U.S. Securities and Exchange Commission needs to prioritize working on proper ...
Bank Deposits Over the FDIC Limit Are Risky. How to Protect Yourself.
Government regulators took the extraordinary step over the weekend of making whole uninsured depositors at two failed banks, but savers shouldn’t count on similar treatment if other banks fail in the ...
Justice Department investigating collapse of TerraUSD, WSJ says
The Justice Department is investigating the collapse of the TerraUSD stablecoin, The Wall Street Journal reported, citing sources. Terraform Labs and its CEO Do Hyeong Kwon are already facing ci...
Regional banks are seeing flight of deposits to too-big-to-fail megabanks
The unexpected demise of Signature Bank over the weekend, on the heels of the failure of Silicon Valley Bank, ignited a shoot-first-and-ask-questions-later reaction among regional-bank investors as cu...
Stocks of multiple banks get halted for volatility, more than once, to start the trading day
To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group’s SIVB, Silicon Valley Bank and Signature Bank SBNY, -22.87%, investors can check out the N...
Western Alliance Bancorp stock set to suffer record selloff of over 60% to 10-year low in wake of SVB collapse
Shares of Western Alliance Bancorp WAL, -74.87% took a 62.4% plunge toward a 10-year low in premarket trading Monday, adding to last week’s tumble in the wake of the collapse of SVB Financial Group’s ...
Binance converting $1 billion in BUSD to bitcoin, ether and BNB
Binance CEO Changpeng Zhao announced on Twitter that the foremost crypto exchange would convert the approximately $1 billion remaining from its Industry Recovery Initiative funds to native crypto asse...
Did the Fed plant the seeds of destruction of Silicon Valley Bank?
Were the seeds of Silicon Valley Bank’s collapse planted by the Federal Reserve’s rapid rate increases? That is one of the debates ranging online over the weekend. Michael Green, chief strategist and ...
BCB Group pauses US dollar payments pilot after Signature Bank closure
BCB Group, a London-based provider of payment services and business accounts for crypto firms, halted a planned U.S. dollar payments program after regulators shut down Signature Bank earlier today. &#...
The Block: Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire
Circle USDC reserves are “safe and secure” and liquidity operations will resume when U.S. banks open Monday, CEO Jeremy Allaire said on Twitter. “We were heartened to see the U...
State regulator takes control of Signature Bank, federal regulators guarantee deposits
Policy • March 12, 2023, 7:29PM EDT The New York Department of Financial Services seized crypto-friendly Signature Bank in order “to protect depositors,” the state banking regulator said i...
Treasury, Fed and FDIC joint statement on SVB and Signature Bank: full text
U.S. financial regulators on Sunday said Silicon Valley Bank SIVB, -60.41% depositors would have access to “all their money” starting Monday and that no losses associated with the bank’s resolution wo...
First Republic Says Everything Is Fine. Why the Stock Market Is Worried.
First Republic Bank worked to reassure clients about the safety of its business Sunday evening after the collapse of Silicon Valley Bank last week sparked fears of contagion in the banking industry. “...
SVB collapse means more stock-market volatility: What investors need to know
It’s all eyes on federal banking regulators as investors sift through the aftermath of last week’s market-rattling collapse of Silicon Valley Bank. The name of the game — and the key to a near-term ma...
No Bailout for SVB. Here’s What to Expect.
The sudden collapse of Silicon Valley Bank last week segued into an anxious weekend for depositors, as start-ups and Wall Street fretted about the regulatory response to the largest bank failure since...
Yellen says no government bailout while FDIC auctions SVB assets. Final bids due end of Sunday.
Silicon Valley Bank will not get a government bailout, Treasury Secretary Janet Yellen said on the news program Face the Nation Sunday. The tech industry-driven bank was shut down by regulators ...
As Silicon Valley Bank concerns grow, Yellen says she has been ‘working all weekend with our banking regulators to design appropriate policies’ to address depositors
“‘I’ve been working all weekend with our banking regulators to design appropriate policies to address the situation.’” — Treasury Secretary Janet Yellen That is Treasury Secretary Janet Yellen, speaki...
Why The Feds Should Tread Lightly On Hydrogen Regulation
A view shows one of the worlds’s first plants for the production of green hydrogen on the site of … [+] the “Shell Energy an Chemicals Park Rheinland” of Anglo-Dutch oil giant ...
Italy and crypto regulation over marketing
Crypto regulation in terms of influencer marketing Steph Curry, Tom Brady, and Kim Kardashian are just some of the celebrities who have recently advertised crypto, NFT, or exchanges on their social pr...
Regulators rush to sell SVB assets to make uninsured accounts partly available on Monday: Bloomberg
Regulators are scurrying to sell assets of the failed Silicon Valley Bank this weekend and hope to make between 30% to 50% of uninsured deposits available for withdrawal Monday, Bloomberg reported. &#...
Opinion: The only market forecast that should matter to stock investors: When does the Fed decide that higher inflation is OK?
By this time last year, every stock market forecast made for 2022 was wrong. The U.S. stock market peaked on the first trading day of 2022 and went downhill from there. This year, every forecast made ...
What happened to Silvergate Capital? And why does it matter?
Silvergate Capital SI, -11.27% served as one of the main banks for the crypto industry, prior to its collapse earlier this week. The news came just a week after the firm delayed its annual report to t...
USDC will remain redeemable 1 for 1 with U.S. dollar, Circle says
USDC issuer Circle said it will resume normal operations Monday and that USDC will remain redeemable one-for-one with the U.S. dollar after Silicon Valley Bank collapsed. Circle said that in th...
KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks
On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks and other financial services companies, but Keefe, Bruyette ...