Banks Financial News

29.03 / 12:25

Adoption Banks Africa DApp community Podcast Bitcoin Africa: The next hub for Bitcoin, crypto adoption and venture capital?

The cryptocurrency space has no shortage of skeptics. While many people criticize the environmental impact of proof-of-work blockchains or the proliferation of scams, one particular argument against crypto often stands out: Blockchain has no real use cases.

28.03 / 20:43

regulation Banks Federal Reserve banking hearing Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing

The United States Senate Banking Committee held a hearing March 28 on the regulatory response to recent bank failures. Officials from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve and Treasury testified. FDIC chair Martin Gruenberg spoke about the causes of the failures of Silicon Valley Bank (SVB) and Signature Bank, including the role of digital assets, and the agency’s responses to the crisis.

28.03 / 18:01

Adoption Europe European Union Banks Central Bank banking Euro digital euro European Banking Federation shares its vision of digital euro, wCBDC, bank tokens

The European Banking Federation (EBF) has released a paper detailing its vision for the digital money ecosystem of the future, and the retail digital euro in particular. The carefully worded paper expressed values and concerns about the digital euro from the perspective of commercial banks.

28.03 / 13:39

Technology regulation Investments Banks Bitcoin Bitcoin Price Adoption and nerves — Crypto pumps amid banking crisis

On March 19, the United States Federal Reserve announced that it had entered a joint program with several major central banks — including the European Central Bank, the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank — to support U.S. dollar cash flow and alleviate strains in global funding markets.

28.03 / 09:31

Adoption Banks boost Crypto Firms in Hong Kong Get Boost as Regulators Host Meeting with Bankers

Hong Kong officials plan to host a meeting between crypto companies and bankers in an attempt to ease financing for the sector as the city pushes toward becoming a global crypto hub.

27.03 / 14:31

business Government Law Adoption us government Banks Friend A friend in need: How the crypto industry reacts to recent bank bailouts

In its early days, crypto enthusiasm was fuelled by the promise to cut the rigged banking system out of the people’s basic need to exchange goods and funds. To some degree, it still is. But as digital assets become more and more intertwined with a larger financial market, this tension gradually fades away.

27.03 / 14:31

business Europe European Union Banks UBS Credit Suisse UBS’s acquisition of Credit Suisse brings some good and bad for crypto

On Sunday, March 19, the 167-year history of banking giant Credit Suisse ended with a takeover by the largest Swiss bank, UBS. Under pressure from the Swiss government, UBS took over its ailing competitor for 3 billion Swiss francs ($3.25 billion) — less than half the $8 billion market value of Credit Suisse just two days before, on Friday, March 17.

27.03 / 08:53

markets Banks Federal Reserve inflation Central Bank interest rate Bitcoin week Will BTC ditch the bear market? 5 things to know in Bitcoin this week

Bitcoin (BTC) enters the last week of March in uncertain territory as a strong weekly close still keeps $30,000 out of reach.

26.03 / 21:29

business Investments Banks money market Banking crisis pushed over $286B to money market funds in two weeks: Report

The banking crisis has led many investors to rotate their portfolio investments in the past two weeks, sending over $286 billion into United States money market funds so far in March, according to EPFR data obtained by the Financial Times.

25.03 / 20:05

business regulation Banks Federal Reserve Central Bank 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 in January, including the bank's involvement in the crypto space.

25.03 / 01:13

regulation Banks Federal Reserve financial stability Financial US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting

The United States’ most powerful financial regulators gathered March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council (FSOC), the department announced in a statement. Treasury Secretary Janet Yellen convened the meeting.

24.03 / 23:17

markets Ethereum CBDC Tether Banks banking Bitcoin analyst Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.

24.03 / 22:17

business Europe Banks Deutsche Bank Weekend European banks head into another weekend of uncertainty as default risks surge

European banks are going into the weekend with renewed fears surrounding their future, as shares of Deutsche Bank plunged over 7% on the New York Stock Exchange on March 24, after a down day on Frankfurt's markets.

24.03 / 06:09

Banks crypto market Silicon Valley Silvergate Bitcoin How would the collapse of 3 major banks in US impact crypto market?

banks in the United States — Silvergate, Silicon Valley, and Signature. However, what led to this occurrence, and is there a connection between their simultaneous decline? Let's explore.Why did Silvergate Bank collapse? One of the major players in the crypto lending space, Silvergate Bank, experienced a significant setback in November last year when investors withdrew $8.1 billion in the aftermath of the FTX incident. This triggered a series of negative consequences, including the sale of debt at a loss of $718 million.

24.03 / 01:13

CBDC Adoption Banks Central Bank global economy moody’s Bank profits at risk from potential CBDC transformation of global economy: Moody’s

Emerging central bank digital currency (CBDC) cross-border transaction technology could transform the global economy by providing faster, cheaper and safer services for many of its players. But banks may not fare as well in that new economy, Moody’s Investor Service said in a report dated March 21.

23.03 / 22:03

business Banks Middle east Sygnum sees increased crypto firm inquiries after US banking giants collapse

Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States.

23.03 / 19:19

business Ethereum Banks Federal Reserve Market Update Bitcoin Banks and the Fed have a problem — What about crypto?

In this week’s episode of Market Talks, Cointelegraph welcomes Dave Weisberger, CEO and co-founder of CoinRoutes. Weisberger has over 35 years of experience in market structure, quantitative finance and trading automation. He started his career at Morgan Stanley where he built its first program and electronic trading systems. Weisberger is a strong economic freedom advocate and digital asset believer.

23.03 / 13:55

markets Ethereum Ether price Banks Bitcoin Price Ethereum faces 6-month lows versus Bitcoin — Will ETH price rebound?

Ethereum's native token, Ether (ETH), continues its multi-month downtrend against Bitcoin (BTC) in March, rising 5.5% versus the latter's 19.5% gains on a month-to-date (MTD) timeframe.

23.03 / 13:19

business Kraken Banks Silvergate Bitcoin Withdrawals Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate

Major cryptocurrency exchange Kraken is experiencing difficulties with the withdrawal and deposit channel related to the automated clearing house (ACH) via Silvergate.

23.03 / 05:51

business regulation us government Banks Federal Reserve Interest rates Bankruptcy 'How did this happen' — Powell says Fed stumped over the collapse of SVB

United States Federal Reserve chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank (SVB), despite it being under their watch.

22.03 / 18:05

regulation Banks banking SVB Bitcoin Signature Bank week Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023

The first day of Paris Blockchain Week (PBW) is bringing more thoughts on the ongoing crisis in the global banking system, with industry executives comparing the collapses of major cryptocurrency firms like FTX with the fall of banks like Silicon Valley Bank (SVB).

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