JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks
JPMorgan applies blockchain to interbank dollar transactions in India amid the growing signs of global de-dollarization. Go to Source Powered by WPeMatico
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Fed board issues order to Silvergate Bank as part of self-liquidation plan
Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements. Go to Source Powered by WPeMatico
Former House Rep blames industry outsiders for associating crypto with bank’s failure
According to Barney Frank, Signature Bank’s only issue prior to regulators seizing control in March was “crypto-fear inaccurate withdrawals.” Go to Source Powered by WPeMatico
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions. Go to Source Powered by WPeMatico
German banks slowly adopt crypto, mostly for institutional investors
Doubts regarding crypto remain among German banks, but there is a growing concern about missing out on a potentially game-changing development. Go to Source Powered by WPeMatico
Bitcoin volatility drops amid decline in liquidity, but a possible catalyst is approaching
Bitcoin volatility has dropped as new liquidity is not flowing into the market, but on-chain data presents multiple reasons why BTC investors continue to hold. Go to Source Powered by WPeMatico
Signature Bank failed to understand risks associated with crypto: FDIC chair
A related report penned down by FDIC Chief Risk Officer cited poor management as “the root cause of Signature Bank’s failure.” Go to Source Powered by WPeMatico
SEC beyond crypto: HSBC and Scotia hit with fines over WhatsApp use
Both HSBC and Scotiabank have not been very supportive of the cryptocurrency industry’s adoption in recent years. Go to Source Powered by WPeMatico
Federal Reserve’s FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols. Go to Source Powered by WPeMatico
GAO cites exposure to digital assets in exploring collapse of Signature Bank
Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure. Go to Source Powered by WPeMatico