The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsis...
Tag: Reserve
U.S Federal Reserve Rejects Custodia Bank’s Membership Application
60 mins ago | 2 mins read Bitcoin News Custodia, formerly known as Avanti Bank has been waiting almost 18 months. The Wyoming-based bank sued the Federal Reserve in June 2022. Custodia Bank’s applicat...
Fed denies Custodia Bank Federal Reserve System access
Custodia Bank has expressed its disappointment with the dismissal of its request to join the Federal Reserve System. The Fed denied the institution’s application citing that the application did not co...
Federal Reserve denies membership to crypto adjacent bank Custodia
The Federal Reserve Board on Jan. 27 denied an application by Custodia Bank Inc. to become a member of the Federal Reserve System. The move comes amidst increasing regulatory scrutiny from the highest...
Custodia Bank’s Application to Join Federal Reserve Rejected
The application that Custodia Bank submitted to join the Federal Reserve System was denied by the Board of Governors of the Federal Reserve System in the United States. The Federal Reserve noted in it...
U.S. Federal Reserve Denies Crypto Bank’s Membership Application
Custodia had sued the Fed last June for delaying the master account process. Custodia Bank – a leading digital asset banking institution based in Cheyenne, Wyoming – has faced a roadblock in its appli...
Binance Commingled Customer Funds With Reserve Assets
Binance admitted that it keeps collateral for its BNB Smart Chain and BNB Beacon Chain versions of 94 crypto assets in the same wallet as customer funds amid uncertainty around its recent audit. Accor...
The Federal Reserve and Other Agencies Are Warning Banks About Crypto
U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the wor...
Goldman Sachs Reportedly Being Investigated by Federal Reserve
8 hours ago | 2 mins read Bitcoin News The Fed is concerned that it didn’t have sufficient monitoring and control mechanisms. The inquiry would encompass “Goldman’s compliance functions, as well as au...
MakerDAO supports holding GUSD Stablecoin as a part of reserve in early voting
77.72% of the votes are in favor to keep the GUSD ceiling stuck at $500 million. 22.28% of votes are for decreasing it to zero The fluctuating votes The community of MakerDAO, a decentrali...
The organizational system of the Federal Reserve
Over time, the Central Bank of the United States of America (Federal Reserve) has changed its organizational system towards a greater ability to make decisions quickly and effectively To date, the Fe...
Will MakerDAO hold Gemini’s GUSD in its reserve? Early voting numbers suggest…
MakerDAO’s community is voting to decide if Gemini’s GUSD should be maintained in its reserves. Early poll stats suggest that the stablecoin will be retained by the DeFi lender. Leading DeFi platform ...
MakerDAO Community Debates Holding GUSD As Part Of Reserve
The MakerDAO community is voting on keeping Gemini’s GUSD stablecoin as part of the protocol’s reserves amidst insolvency concerns. MakerDAO and its community are concerned about DAI’s exposure to Ge...
Federal Reserve Chairman Jerome Powell tests positive for Covid
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Buildi...
Only Half Of Wall Street Disagrees With The Federal Reserve
Fed Chair Jerome Powell gives news conference as traders work at NYSE (Photo by Spencer Platt) Getty Images The Federal Reserve’s current interest-rate-raising policy focuses on conquering too-h...
Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates – Economics Bitcoin News
The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes th...
Reserve Bank of India Governor Criticizes Cryptocurrencies
54 mins ago | 2 mins read Bitcoin News Das stressed that cryptocurrency is “nothing but 100 percent speculation.” The RBI Governor was speaking at a Business Today event. When it comes to Bitcoin and ...
Spot And Derivative Reserve Shoot Up
On-chain data shows the Bitcoin spot and derivative exchange reserves have both shot up recently, a sign that could be bearish for the price. Bitcoin Spot And Derivative Reserves Register Growth As po...
Reserve Bank of India wants cryptocurrencies treated as gambling
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, has once again reiterated his stand calling for the ban of cryptocurrencies on the grounds that they are speculative and similar to gambling....
FET becomes reserve asset for Binance as AI token popularity rises
Fetch.ai (FET)has become a listed token on Proof of Reserves (PoR) for several exchanges, including Binance, Huobi and Bitfinex, according to Glassnode data. Artificial Intelligence (AI) token popular...
What Republicans Must Do To Rein In The Federal Reserve
With the House of Representatives finally organized, the GOP should set up a group to examine and get a real grasp of the Federal Reserve. Otherwise, if Republicans win the White House and Senate in 2...
Decoding Proof of Reserve Report and How it can Build Trust
The role of “Proof of reserves” is to ascertain that a financial institution has a 1:1 ratio backing of user funds with real assets. Blockchain companies are turning to third-party firms to audit thei...
Alliancereserve.com review: Alliance Reserve Brings a New Era of Trade
The digital revolution has been upon us for some time now, and it has radically changed the way they conduct business and transact. From the way they buy and sell goods to the way they communicate an...
Circle invests 30% of its USDC reserves in US treasuries through a reserve fund
According to a disclosure page published by BlackRock, Circle has invested 30% of its USD reserves in the US Treasury via Circle Reserve Fund, which is managed by BlackRock. The value of the fund inve...
Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization – Economics Bitcoin News
During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that i...
US Federal Reserve, Other Agencies Continue to Warn Banks About Crypto
“Given the significant risks highlighted by recent failures of several large crypto-asset companies, the agencies continue to take a careful and cautious approach related to current or proposed crypto...
Federal Reserve, FDIC & OCC warns About Risks Against Crypto Assets
The Federal Reserve, OCC and FDIC issued a joint statement regarding the potential risk of crypto assets. OCC is reviewing banks asking permission to engage in crypto assets. Acting OCC says crypto i...
Federal Reserve, other U.S agencies warn banks about crypto
Top U.S agencies, including the Federal Reserve, have issued a warning to banks about their interaction with crypto assets. The agencies have indicated that it may be unsafe for banks to accept crypt...
Federal Reserve warns banks of crypto risks
The Federal Reserve, together with the FDIC, and the Office of the Comptroller of the Currency, issued a joint statement warning banks of the risks of dealing with crypto. The joint statement, publish...
US Federal Reserve, FDIC warn banks against crypto risks
The US Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) warned banks about the risks involved with crypto in a joint statement on ...