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Lack of clarity on digital assets could have significant consequences for banks navigating higher interest rates, according to Fed Governor Michelle Bowman. Go to Source Powered by WPeMatico
According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs, and China-based firm Kanzhun. Go to Source Powered by WPeMatico
Germany’s conglomerate Siemens AG was reportedly the first company to process euro-denominated payments using JPM Coin. Go to Source Powered by WPeMatico
“While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” said Binance.US. Go to Source Powered by WPeMatico
Maxine Waters did not specifically mention crypto in the proposed legislation, drafted in response to the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank. Go to Source Powered by WPeMatico
Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank. Go to Source Powered by WPeMatico
MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states. Go to Source Powered by WPeMatico
Swift, the interbank payments network, has enlisted a dozen world-class institutions — and Chainlink — to fix blockchain’s interoperability deficit. Go to Source Powered by WPeMatico
Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account. Go to Source Powered by WPeMatico
In its proof of concept, TASE minted the first ERC-1155 security token representing a dummy digital government bond. Go to Source Powered by WPeMatico
