SBF banned from using online messengers under new bail agreement
The U.S. prosecutors reportedly agreed to allow Sam Bankman-Fried to stay home while restricting using some electronic devices and apps. Go to Source Powered by WPeMatico
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A friend in need: How the crypto industry reacts to recent bank bailouts
With a focus on sovereignty and creating an alternative to traditional financial systems, how is the crypto community reacting to government intervention in the recent bank crisis? Go to Source Powered by WPeMatico
Banking crisis pushed over $286B to money market funds in two weeks: Report
Many investors have rotated their portfolio investments due to the banking crisis in the past two weeks, injecting billions of dollars on money market funds in the United States. Go to Source Powered by WPeMatico
G7 to collaborate on tighter crypto regulation: Report
Leaders from Japan, the United States, the United Kingdom, Canada, France, Germany, and the European Union are expected to outline a global cooperative strategy for digital assets in May. Go to Source Powered by WPeMatico
Custodia Bank’s membership denied for ties with crypto markets, says US Fed
The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership. Go to Source Powered by WPeMatico
Terraform Labs CEO Do Kwon Faces Extradition to South Korea
According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found … Read more
European banks head into another weekend of uncertainty as default risks surge
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system. Go to Source Powered by WPeMatico
‘Surgical removal’ of crypto will only weaken USD dominance, commentators say
A day after Coinbase received an SEC Wells notice, industry commentators weighed in on what recent regulator actions mean for America’s crypto future. Go to Source Powered by WPeMatico
Banking turmoil pushes crypto to ‘no oversight’, says Circle CEO
Crypto firms who have had the strongest position with U.S. regulation are now considered “unsafe,” Circle CEO Jeremy Allaire stated. Go to Source Powered by WPeMatico
Crypto reform coming to US in 2023, says former White House chief of staff
SVB’s epic failure occurred “at a bank that happened to deal with crypto customers” but “was not a crypto-induced problem,” said Mick Mulvaney. Go to Source Powered by WPeMatico