Central Bank Financial News
17.03 / 20:13
business
Blockchain
regulation
Banks
Central Bank
banking
Bitcoin
Banking crisis: What does it mean for crypto?
Last week’s rapid collapse of Silvergate, Silicon Vallley Bank and Signature Bank have highlighted the fragility of the traditional banking sector while depriving crypto of the main fiat on-ramp points in the U.S.
17.03 / 19:57
business
Banks
Federal Reserve
Central Bank
banking
Credit Suisse
Let First Republic and Credit Suisse burn
When crypto markets took a hit after the collapse of FTX and other crypto lenders last year, some crypto critics repeated the mantra, “Let crypto burn.” Now, it’s big banks that are faltering — including Credit Suisse and First Republic — after regional banks, including Signature Bank and Silicon Valley Bank, sparked a cascade. As a result, Moody’s has downgraded the entire banking sector.
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.
16.03 / 17:15
defi
regulation
Banks
Central Bank
Financial Services
Bitcoin
9 key metrics to analyze the health of a bank
A bank health check is a comprehensive assessment of a bank’s financial condition, performance and risk management practices. It is conducted by banking regulators or independent auditors to evaluate the bank’s ability to withstand adverse economic conditions and potential risks, including credit risk, market risk, liquidity risk and funding risk.
16.03 / 02:43
markets
business
Banks
Federal Reserve
Central Bank
Silicon Valley
Blame traditional finance for the collapse of Silicon Valley Bank
The entire banking concept is based on the assumption that depositors will not want to withdraw their money at the same time. But what happens when this assumption fails? The answer lies in the asset-liability mismatch of banks, which can lead to disastrous consequences for the broader financial system.
15.03 / 22:23
markets
business
Banks
Federal Reserve
Central Bank
Silicon Valley
Reserve
Why isn't the Federal Reserve requiring banks to hold depositors' cash?
The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making a flawed system — fractional reserve banking — worse.
15.03 / 18:00
business
Adoption
regulation
Central Bank
Cross-border
CBDCs could provide smooth cross-border payments, says Bank of Israel official
At Tel Aviv FinTech Week 2023, Yoav Soffer, the advisor to the deputy governor at the Bank of Israel, touched on the topic of central bank digital currencies (CBDCs) as an efficient cross-border payment option.
14.03 / 19:39
markets
business
Banks
Central Bank
banking
Silicon Valley
Silicon Valley Bank was the tip of a banking iceberg
Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in store at a given point in time — a concept known as fractional banking. On one hand, the difference between the interest on the loans and the interest paid to depositors is referred to as the net interest margin and determines a bank’s profitability. On the other hand, the difference between the assets and liabilities is referred to as their equity and determines the bank’s resilience to external shocks.
14.03 / 19:09
regulation
Central Bank
banking
Market Update
Bitcoin
Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live
This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USDC) depeg.
14.03 / 02:35
Stablecoin
defi
Banks
Central Bank
banking
Silicon Valley
NOT
USDC depegged, but it's not going to default
Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon Valley Bank (SVB). The market reacted violently, causing USDC to lose its dollar peg. But while the concern was understandable, it has become clear that USDC creator Circle will regain full access to its funds. The crypto community can breathe easily.
13.03 / 18:05
markets
Banks
Federal Reserve
Central Bank
ECB
Bitcoin
Bitcoin Price
analyst
US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst call SVB dip 'bear trap'
Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history.
13.03 / 02:05
business
Banks
Federal Reserve
Central Bank
banking
US Fed announces $25B in funding to backstop banks
Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms.
13.03 / 02:05
business
Banks
Federal Reserve
Central Bank
Breaking: Signature Bank closed by New York banking authorities
New York-based Signature Bank, another crypto-friendly bank, has been closed down by its state charter authority as of Mar. 12.
06.03 / 19:35
business
CBDC
transactions
Central Bank
BIS
retail CBDC
BIS wraps exploration project on retail CBDC payment system
The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, with the central banks of Israel, Norway and Sweden.
06.03 / 14:07
Provident
Digital
Central Bank
Belgian Central Bank Governor Says Crypto Winter Was ‘Good News’ – Here’s Why
The Belgian Central Bank Governor says his organization celebrated the 2022 slump in crypto prices – and says last year’s onset of crypto winter “was good news for us.”
06.03 / 13:45
Blockchain
CBDC
regulation
Central Bank
Iran completes pre-pilot phase of central bank digital currency
Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial.
06.03 / 10:43
Blockchain
CBDC
Adoption
Central Bank
KYC
Pakistan banks agree on blockchain-based KYC system development
Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives.
04.03 / 11:37
CBDC
Adoption
regulation
Central Bank
Reserve Bank of India
Executive
India explores offline functionality of CBDCs — RBI executive director
India’s recently launched in-house central bank digital currency (CBDC) — the digital rupee — is now being tested for offline functionality, revealed Ajay Kumar Choudhary, executive director of the Reserve Bank of India (RBI).
03.03 / 20:13
markets
stocks
Federal Reserve
inflation
Central Bank
Interest rates
Bitcoin
Silver
Bitcoin price stumbles amid investors’ aversion to risk assets, but there is a silver lining
The U.S. stock market approaches a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect against a significant downside move.
02.03 / 01:57
business
CBDC
Digital Currency
Central Bank
Australian
Australian central bank to launch 'live pilot' of CBDC in coming months
Australia's central bank is set to launch a "live pilot" of a Central Bank Digital Currency (CBDC) "in the coming months," according to a joint statement from the Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC), an Australian financial research institute.
01.03 / 18:03
Binance
Digital
Platform
Central Bank
Financial
Legalizing Crypto Will Undermine Russian Financial System, Warns Central Bank
Legalizing crypto could “fundamentally” undermine Russia’s financial system, the nation’s Central Bank has warned.
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