India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have...
Month: March 2023
Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble...
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking...
Federal Reserve confirms July launch for FedNow instant payment service
The Fed Now service aims to reduce the gap in payment time between US financial institutions. The United States Federal...
Formfunction to shutter marketplace amid Solana NFT slump
The platform didn’t disclose the reason for its closure, but Solana NFTs haven’t been having the best run lately. Formfunction,...
Circle clears ‘substantially all’ minting and redemption backlog for USDC
The stablecoin issuer said as at U.S. banking close on Wednesday, it redeemed $3.8 billion USDC and minted $0.8 billion...
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is...
Blame traditional finance for the collapse of Silicon Valley Bank
Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency. The entire...
OpenAI co-founder’s ‘World ID’ project launches, along with SDK waitlist
The new IDs will allow users to prove they are unique humans without revealing personal information on websites. Crypto unicorn...
Gensler suggests staking token operators should ‘seek to come into compliance’
The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made...
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018,...
Salesforce Web3 to help brands build trusted and scalable NFT programs
The platform promised to help companies create, manage, and deploy non-fungible tokens (NFTs) in a trusted, scalable, and sustainable way....
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year...
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up...
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost...
