SVB Collapse Shows the Rot in U.S. Banking and Dollars
SVB Collapse Shows the Rot in U.S. Banking and Dollars Original Source
Read More
U.S
U.S. Banking Collapse Doesn’t Necessarily Make Crypto Trustworthy
But, of course, that is not a deus ex machina of crypto, which would seem to be in philosophical tension with the decentralization goals of many in the blockchain and crypto industries. Ultimately, although crypto and traditional banking may be ostensibly competing in financial services, they are living in fundamentally
Read More
Crypto Observers Believe U.S. Banking Crisis Could Strengthen Crypto Ecosystem in the Long Term
Elsewhere, Jonathan Zeppettini, strategy Lead at Decred, said: "The situation with Silvergate, Silicon Valley Bank, and Signature is a combination of a few things; banks failing to properly hedge interest rate risk, a classic bank run stemming from that illiquidity as they are forced to realize losses if they do
Read More
Germany and U.S. Seize Over $46M Crypto Tied to ChipMixer Investigation
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
U.S. Federal Reserve’s Real-Time Payments System Coming In July
“We urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service,” said Ken Montgomery, the chief operating officer at the Federal Reserve Bank of Boston, who has been working on the new system he said will offer a “modern instant payment
Read More
U.S. Government Using Crisis to Choke Off Crypto Access to Banks
Last week, Silvergate Bank, a California firm that catered to crypto companies, said it would “voluntarily liquidate” and shut down. Days later, tech startup-focused firm Silicon Valley Bank (SVB), which had some crypto clients, was closed by the California Department of Financial Protection and Innovation, which said the bank had
Read More
U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator
“We’re going through that mechanical process right now,” Tillis said Wednesday at a Bipartisan Policy Center event in Washington. He said “all the ideas coming from various offices” are under that review, with an aim toward finding components that could clear a Congress split between the parties. Tillis sits on
Read More
Voyager-Binance.US' $1B Deal Should Be Halted, U.S. Government Says
The Department of Justice doesn’t like provisions that would render the company immune from prosecution for former wrongdoing Source
Read More
U.S. DOJ Was Investigating Signature Bank's Work With Crypto Clients: Bloomberg
Prosecutors were looking at the crypto-friendly bank before regulators seized it, people familiar told Bloomberg. Source
Read More
U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg. Source
Read More