21Shares Closes 6 Crypto Exchange-Traded Products
[Mar 16, 2023 1:44 PM] The provider of crypto exchange-traded products (ETPs), however, told CoinDesk it had its second-strongest January on record overall.
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Banking Giant State Street Cuts Ties With Crypto Custody Firm Copper
[Mar 16, 2023 12:46 PM] State Street and Copper have mutually decided to end their licensing agreement, a spokesman for the bank said.
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply
[Mar 16, 2023 12:00 PM] The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources…
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
[Mar 15, 2023 1:30 PM] After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto…
Primary vs. secondary markets: Key differences
[Mar 15, 2023 9:07 AM] Primary and secondary markets differ in securities, pricing, risk, volume, liquidity, timeframe and more.
Tokenized mortgages can prevent another housing bubble crisis, says Casper exec
[Mar 15, 2023 8:35 AM] Current mortgage term sheets lack transparency because they are not machine-readable, according to Ralf Kubli, board member of the Casper Association.
Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator
HSBC Acquires Silicon Valley Bank UK — Sale Facilitated by Government, Bank of England
[Mar 13, 2023 11:30 PM] The British government and the central bank, the Bank of England, have facilitated a private sale of Silicon Valley Bank UK to HSBC, according to Chancellor of the Exchequer Jeremy Hunt. He stressed that “Deposits will be protected, with no…
Bank of Russia Registers Another Digital Asset Issuer
[Mar 12, 2023 11:30 PM] The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize…
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking
[Mar 12, 2023 2:30 PM] After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion…
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
[Mar 11, 2023 10:30 AM] On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin…
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles
Nigerian president-elect aims to use blockchain technology in the banking sector
[Mar 10, 2023 7:04 AM] The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.
Iran’s Crypto Rial Project Enters Trial Phase
[Mar 10, 2023 3:30 AM] The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s…
Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain
[Mar 9, 2023 5:30 PM] According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform…
Crypto Rails Should Bring Efficiency Gains to the $7T-a-Day TradFi FX Market
[Mar 8, 2023 11:00 AM] Todd Groth of CoinDesk Indices wades into one of traditional finance’s biggest numbers: $7 trillion.
China announces plans for new national financial regulator
[Mar 7, 2023 6:56 AM] The new administration will replace the current banking and insurance watchdog, which coincides with a more extensive government overhaul.
Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty
[Mar 5, 2023 12:30 PM] Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past…
Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday
[Mar 3, 2023 2:00 PM] According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin…
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
[Mar 3, 2023 11:30 AM] On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline…
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range
[Mar 3, 2023 9:00 AM] The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token…
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain
[Mar 2, 2023 8:00 AM] A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan…
Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn
[Mar 1, 2023 9:00 AM] Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates…
Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco
[Feb 25, 2023 7:00 AM] The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions…
Coordinated global crypto policies: G20 key financial stability priority
[Feb 25, 2023 1:04 AM] India's finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms.
Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base
[Feb 23, 2023 8:30 PM] The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2…
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
[Feb 21, 2023 3:30 PM] Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from…
Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar
[Feb 20, 2023 3:00 PM] Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing…
Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens
[Feb 20, 2023 11:00 AM] Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium…
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1
[Feb 19, 2023 11:30 PM] The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of…