Banking crisis: What does it mean for crypto?
Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto. Last week’s rapid collapse…
Let First Republic and Credit Suisse burn
Silicon Valley Bank and Signature Bank set off a cascade among banks that haven’t been handling their finances responsibly. Let them face the consequences. When crypto markets took a hit…
Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System
The governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central…
Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business
The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse…
Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps
The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc.…
Microsoft reportedly testing Edge browser web3 wallet integration
The supposed screenshots show a non-custodial crypto and NFT-friendly Microsoft Web3 wallet embedded into Edge. Microsoft is reportedly working on integrating a crypto and nonfungible token (NFT) friendly Web3 wallet…
Real-world assets tokenization lacks infrastructure, not just regulation
The next generation of securities and asset tokenization has been held back by a lack of infrastructure and regulatory standards worldwide, according to BlackRock’s Larry Fink. The merger between decentralized…
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s
“Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said. Recent turmoil in the traditional banking sector, culminating…
Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up
Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in. Crypto investors should know by now that it doesn’t take much to topple…
Protego’s conditional national bank status expired without approval: Report
In a week when the crypto industry – and the rest of the world – was beset by bad news about banking, one more banking setback has come to light.…
Congress announces March 29 hearing into failures of SVB and Signature Bank
According to the House Financial Services Committee, it expects to hold multiple hearings on “getting to the bottom” of the banks’ failures. Representatives from the Federal Deposit Insurance Corporation and…
FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’
The presentation reported $25 million in donations — political and otherwise — from three of the FTX silos, but added “limited information” was available on crypto donations. The debtors in…
DeFi sees its biggest hack in 2023 as Euler loses $197M: Finance Redefined
DeFi suffered its biggest attack this year with a flash loan attack on crypto lending platform Euler Finance and the hackers are belived to be same that exploited a BSC…
LinksDAO Moves Closer to Buying Scottish Golf Course with Funds from NFT Project
LinksDAO, a decentralized autonomous organization (DAO) that caters to golf enthusiasts, announced that it has moved one step closer to purchasing a Scottish golf course. Go to Source
Coinbase ($COIN) Is Looking To Set Up A New Overseas Trading Platform
Coinbase is reportedly looking to set up a trading platform outside the United States. The American has discussed the venture with its institutional clients and market makers. The report of…