United States Financial News
20.03 / 19:43
CBDC
regulation
US Presidential
Florida gov and US presidential hopeful calls for CBDC ban
Ron DeSantis, the Governor of Florida expected by many to throw his hat into the ring for the 2024 United States presidential race, has called for a ban on a digital dollar.
20.03 / 16:25
business
Law
Banks
banking
Silicon Valley
Bitcoin
Silicon Valley Bank’s downfall has many causes, but crypto isn’t one
Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies.
19.03 / 14:31
business
Government
regulation
us government
FTX
Court
SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated.
19.03 / 11:07
Government
regulation
us government
Bitcoin
Dollar
Financial
Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis
The recent fall of major banks in the United States and the need for federal intervention reignited discussions to identify the most effective ways to safeguard the crumbling economies. Comparing the episode to the financial crisis of 2008, prominent economist Peter Schiff found that increasing banking regulations contribute to the worsening financial crisis.
19.03 / 02:49
regulation
Bloomberg
Insurance
banking
Silvergate
US midsize banks seek FDIC Insurance on 'all deposits' for 2 years: Report
The Mid-Size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to extend insurance on all deposits for the next two years.
19.03 / 00:35
Twitter
Betting
Bitcoin
Bitcoin Price
Former Coinbase CTO makes $2M bet on Bitcoin's performance
Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin's (BTC) price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17.
18.03 / 19:51
business
Binance
Senate
information
Senators
Financial
Binance's response to U.S. Senators lacks financial information: Report
Binance has answered a letter from United States Senators from early March requesting information about the crypto exchange operations in the country, including its balance sheet.
18.03 / 18:59
business
Blockchain
Technology
Adoption
Bitcoin
What are the Howey test and its implications for cryptocurrency?
The Howey test is a legal test used in the United States to determine whether a transaction qualifies as an investment contract and, thus, is considered a security under federal law. The test was established by the U.S. Supreme Court in SEC v. W.J. Howey Co. (1946), and it has since been applied in numerous cases to determine whether various financial arrangements and offerings constitute securities.
18.03 / 14:07
business
regulation
FTX
Fried
Sam
bail
week
Sam Bankman-Fried to propose revised bail package 'by next week'
The lawyer representing crypto entrepreneur Sam Bankman-Fried (SBF) in the ongoing FTX case will soon present a revised bail package to Judge Lewis Kaplan of the Southern District of New York. The move comes after Kaplan expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network (VPN) services while out on bail.
17.03 / 22:23
business
coinbase
Banks
Coinbase is planning to set up crypto trading platform outside US: Report
Cryptocurrency exchange Coinbase is reportedly planning to set up a crypto trading platform outside the United States, where it is currently headquartered.
17.03 / 17:19
Blockchain
Technology
Adoption
education
students
Stanford University
University students reveal new Web3 solutions at ETHDenver 2023
Thousands of attendees recently gathered at Denver’s National Western Complex for ETHDenver 2023 to learn about the current and future cryptocurrency ecosystem.
17.03 / 15:43
business
regulation
SVB
Silicon Valley
Bankruptcy
Financial
Breaking: SVB Financial Group files for Chapter 11 bankruptcy
Troubled SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court to preserve value.
17.03 / 11:09
Developers
copyrights
Lightning Network
Court
Bitcoin
Lightning Labs and Tari agree to convert restraining order in trademark suit
Bitcoin (BTC) software firm Lightning Labs and blockchain startup Tari Labs have agreed to convert a court-ordered temporary restraining order that halts the development of Lightning's Taro protocol.
17.03 / 05:29
business
Stablecoin
coinbase
Banks
data
Crypto users
Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs).
17.03 / 01:45
business
Federal Reserve
Central Bank
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms to hold their breath. The loss of a significant banking partner for many companies means it will be even harder for them to comply with regulations and offer their services in a way that is consistent with the expectations of the United States Securities and Exchange Commission.
17.03 / 01:07
business
Stablecoin
defi
MakerDAO
bonds
DAI
MakerDAO passes proposal for $750M increase in US Treasury investments
Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.
16.03 / 17:03
business
defi
Africa
U.S.
Developed markets lagging behind in digital payments: BlackRock CEO
The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company.
16.03 / 12:49
regulation
SVB
Bitcoin
Signature Bank
FDIC asked Signature buyers to stop all crypto business: Report
The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks not to support any crypto services.
16.03 / 10:31
business
regulation
SEC
coinbase
Australian
Coinbase met with Australian banking regulators over local crypto regulations
The Reserve Bank of Australia and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia.
16.03 / 07:49
business
Banks
Federal Reserve
Gold
Interest rates
Bitcoin
Time
US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin (BTC), says Galaxy Digital founder and CEO Michael Novogratz.
16.03 / 01:03
business
Banks
Signature Bank
collapses
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
In the wake of three major banks with ties to crypto firms collapsing, software engineer Molly White believes companies now looking at banking options may have to face “shadier” solutions.
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