Tag: Banks
Binance CEO Says Crypto Market Needs Support of Banking Sector
Reading time: < 1 minuteChangpeng Zhao, CEO of Binance, has emphasized the need for a secure and transparent regulatory framework that would enable the crypto sphere to take advantage of the traditional financial market.
Chinese State-owned Banks Start Serving Crypto Companies in Hong Kong
Reading time: < 1 minuteDespite the Chinese government’s ban on transactions with digital currencies, some of its large state-owned banks have started investing in the crypto business in Hong Kong.
Study: CBDCs Could Affect the Stability of Banks
Reading time: < 1 minuteThe integration of a stablecoin or central bank digital currency into the economy could have a destabilizing effect on banks, but might improve the welfare of households.
Interest in Crypto Exchanges Jumps After US Banks Collapse
Reading time: < 1 minuteThe collapse of various US banks connected to the digital economy led to greater investor attention towards exchanges and cryptocurrency services.
Circle Is Considering Cross River as a Potential Banking Partner
Reading time: < 1 minuteCircle has announced that Cross River Bank is its new commercial banking partner for the production and redemption of USDC stablecoins.
Ripple CEO: We Had Deposits in SVB, But Most of the Funds Had Been Withdrawn
Reading time: < 1 minuteRipple CEO Brad Garlinghouse has confirmed that the company had deposits in SVB, but that most of the funds had been withdrawn.
Silvergate Holding is Shutting Down its Bank
Reading time: < 1 minuteSilvergate Capital Corporation has declared its intention to close down operations and initiate the liquidation of the bank.
BNY Mellon Says Institutional Investors Are Increasingly Interested in Crypto
Reading time: < 1 minute“We see how our clients are interested in a wide variety of digital assets.”
Jewel Bank Intends to Issue a Polygon-based Stablecoin
Reading time: < 1 minuteJewel Bank has announced it has plans to release the Jewel USD (JUSD), a US dollar-pegged stablecoin on the Polygon network.
Morgan Stanley Believes Investors Are Preparing for a Bitcoin Selloff
Reading time: < 1 minuteAccording to Morgan Stanley analysts, they are waiting for the resumption of the BTC rally in order to dump the asset on the most comfortable terms.
