Cryptocurrency Analysis and News Portal
Cryptocurrency-friendly bank DBS is cooperating with mainland China on the development of a new payment solution for the digital yuan, also known as e-CNY.DBS Bank China officially announced on July 5 the launch of the e-CNY merchant solution, allowing mainland businesses to receive payments in the central bank digital currency
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Surprise! Wyoming is the top-ranked U.S. hub. Many of CryptoX’s Crypto Hubs 2023 criteria were measured on a national basis, so all of the U.S. hubs were hampered by a middling crypto regulatory score, a measure in the drivers category and the most heavily weighted criteria – 35% – of
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Joe Tsai, the soon-to-be former executive vice chair of China-based technology giant Alibaba, will replace Daniel Zhang as company chair.In a June 20 announcement, Alibaba said Zhang would be stepping down as chair of the company and CEO effective Sept. 10, whereupon he will continue to serve as the chair
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Gate Group has established its presence in Hong Kong by launching Gate.HK, a holistic virtual asset trading facilitator. Gate Group recently launched a new virtual asset trading platform in Hong Kong to provide top-notch service quality to users. The new Hong Kong service, Gate.HK, opened for registration and trading services on Tuesday,
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Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO of Coinbase also said he will issue an update
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The U.S. state of Wyoming has requested to intervene in the case between Custodia Bank and the Federal Reserve System, seeking to defend its framework allowing certain crypto firms to qualify as state-chartered banks.In an April 10 court filing, Wyoming Attorney General Bridget Hill filed a motion to “intervene in
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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
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UBS Group AG, a crypto friendly bank, is reportedly offering to purchase Credit Suisse, a global investment bank, for up to $1b, per details on Mar. 19 . UBS to the rescue The UBS offer comes after BlackRock rejected claims to a deal to salvage Credit Suisse on March 19. UBS is offering
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The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate late last year, did not force Silvergate to repay the advances which have been rumored to be the reason why the crypto-friendly bank went into voluntary liquidation, it said. Original Source
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Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire
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