Cryptocurrencies – Page 154

US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

March 10, 2023 by DIGIT

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank. Federally Insured Depositors to Withdraw Funds on Monday, Uncertainty Looms for … Read more

Nigerian president-elect aims to use blockchain technology in the banking sector

March 10, 2023 by DIGIT

The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth. Go to Source Powered by WPeMatico

17 biggest crypto heists of all time

March 10, 2023 by DIGIT

Crypto exchanges are hacked surprisingly often. A few of the biggest crypto heists that occurred in the past few years are discussed in this article. Go to Source Powered by WPeMatico

Iran’s Crypto Rial Project Enters Trial Phase

March 10, 2023 by DIGIT

The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares to Trial Its Digital Currency The project to issue a digital … Read more

SEC of Thailand wants public feedback on crypto lending, staking ban

March 10, 2023 by DIGIT

Thailand’s securities regulator believes that crypto firms should not be allowed to deploy users’ deposits and provide lending services. Go to Source Powered by WPeMatico

Blockchain.com suspends its asset management subsidiary launched in April: Report

March 9, 2023 by DIGIT

The timing of opening the subsidiary was unfortunate, a spokesperson noted to Bloomberg, although the company held up to the crypto winter for quite a while. Go to Source Powered by WPeMatico

Crypto industry braces for impact with Silvergate exit

March 9, 2023 by DIGIT

Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim. Go to Source Powered by WPeMatico

House Republicans directly criticize Biden administration for digital asset policies

March 9, 2023 by DIGIT

“Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,” said Republican Financial Services Committee members. Go to Source Powered by WPeMatico

US REPO task force names crypto as target in efforts involving $58B in sanctioned assets

March 9, 2023 by DIGIT

Members of the task force have worked to “counter Russian sanctions evasion”, which included illicit crypto transactions and money laundering schemes. Go to Source Powered by WPeMatico

SWIFT moves to next phase of CBDC testing after positive results

March 9, 2023 by DIGIT

According to SWIFT, 24% of central banks will introduce a CBDC within the next couple of years. Go to Source Powered by WPeMatico