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28 Mar 23

Bank of Japan prepares for digital yen pilot program

The Bank of Japan has announced its readiness to explore the issuance of a central bank digital currency (CBDC) through a pilot program launching in April, joining the global race to establish secure digital payment systems. The Bank of Japan has announced its intention to prepare for the potential issuance of a central bank digital […]

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27 Mar 23

Saudi National Bank chair resigns following Credit Suisse crisis, major losses

Saudi National Bank’s chairman, Ammar Al Khudairy, has resigned from his post following the banking crisis that has hit Credit Suisse Group AG. This move comes shortly after declining to provide further assistance to Credit Suisse, despite the bank being the largest shareholder. Al Khudairy’s resignation is reportedly due to personal reasons, and he will […]

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24 Mar 23

UAE central bank rolls out CBDC strategy

The Central Bank of the United Arab Emirates (CBUAE) has released its CBDC strategy. R3 and G42 Cloud have been chosen as the infrastructure and technology providers, with the first phase of the CBDC implementation expected to be completed within the next 15 months. The UAE commences CBDC implementation The UAE has officially entered the […]

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23 Mar 23

Xapo Bank enables USD Coin (USDC) deposits and withdrawals

Xapo Bank has announced that its members can now directly deposit and withdraw their USDC stablecoins on its regulated banking platform, enabling them to bypass the time and cost inefficiencies of the SWIFT payment system. USDC deposits and withdrawals now live on Xapo As the U.S. banking crisis continues to hit hard, with various crypto […]

21 Mar 23

Caitlin Long says bitcoin works as insurance amid ongoing bank runs

Caitlin Long, the CEO of Custodia bank, said in a recent interview with CNBC that investing in bitcoin (BTC) is an insurance policy given its incredible performance amidst an ongoing bank crisis. In the interview, Long said that although she could not make a price prediction like Balaji Srinisavan, who said that BTC would hit […]

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20 Mar 23

BitMex founder gives Fed advice on defeating bank crisis

In a series of tweets, Arthur Hayes, one of the co-founders of the BitMex exchange, discussed using swap lines’ as a possible solution for the Fed to provide liquidity to financial institutions without provoking s political controversy. Hayes claimed that it is politically toxic for the Fed to be seen rescuing overseas banks while many […]

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20 Mar 23

Signature Bank to return crypto deposits to customers directly

On March 20, 2023, the Federal Deposit Insurance Corp. announced that Signature Bank’s related deposits would be returned directly to the customers, contrary to the notion that the New York Community Bancorp would handle them. The Federal Deposit Insurance Corp. said that Signature’s digital-assets business and customer deposits amounting to around $4 billion is not […]

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19 Mar 23

Bitcoin rallies above $27,000 amid US banking crisis, Silicon Valley Bank drama unfolds

This week, Bitcoin’s (BTC) upward surge was the most significant event. The coin rose above $27,000 amid a banking crisis in the United States. The situation reiterated the need for users to hedge against economic instabilities using digital assets. In the mid of this crisis, the Silicon Valley Bank (SVB) saga remained in focus as […]

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19 Mar 23

Crypto-friendly bank offers to rescue Credit Suisse

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 a price of SFr0.25 […]

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18 Mar 23

Turkish bank wants to take control of Stablex, a crypto trading platform

Ak Investment, one of Akbank’s wholly owned subsidiaries, has officially applied to partner with Stablex, a crypto exchange. Akbank’s interest in crypto Ak Investment owns 100% of the company shares. Their recent partnership with Binance cemented its exploration and interests in crypto as the duo embarks on direct Turkish Lira transfers. According to DUNYA, a subsidiary of […]

Bank of Japan prepares for digital yen pilot program

Saudi National Bank chair resigns following Credit Suisse crisis, major losses

UAE central bank rolls out CBDC strategy

Xapo Bank enables USD Coin (USDC) deposits and withdrawals

Caitlin Long says bitcoin works as insurance amid ongoing bank runs

BitMex founder gives Fed advice on defeating bank crisis

Signature Bank to return crypto deposits to customers directly

Bitcoin rallies above $27,000 amid US banking crisis, Silicon Valley Bank drama unfolds

Crypto-friendly bank offers to rescue Credit Suisse

Turkish bank wants to take control of Stablex, a crypto trading platform

Ledger sees funding success in wake of FTX collapse

Denmark’s supreme court rules bitcoin profits are taxable

Visa and Fold expand bitcoin rewards program together

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