Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced …
CZ predicts ‘existential implications’ for anti-crypto traditional finance
As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng ‘CZ’ Zhao believes this move could …
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Pakistan and Egypt at Risk of Currency Crisis
Pakistan and Egypt are the latest countries to develop a monetary crisis as their currencies plunge while inflation jumps. Pakistan, a country with a GDP …
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has …
Moody’s to build scoring system for stablecoins: Report
Credit rating firm Moody’s is allegedly developing a scoring system for stablecoins, with analysis for up to 20 digital assets, Bloomberg reported on Jan. 26 citing unnamed …
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‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament – Finance Bitcoin News
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter …
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs – Finance Bitcoin News
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish …
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of …
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Decentralized forex will reduce cost by as much as 80%: Report
If the foreign exchange market starts using DeFi protocols instead of the current centralized systems, the cost of remittances could be reduced by “as much …
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CoinDesk Contemplates Full or Partial Sale as Parent Company Scampers for Funds
DCG is currently looking for ways to save its business and grow its capital. Crypto-based firm CoinDesk has begun weighing its options regarding a potential …
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