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Bluelight – economic strategy1

Digital asset exposure cited in GAO investigation of Signature Bank implosion

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to Michael Clements, the U.S. Government Accountability Office (GAO) is reviewing “large deposits from the digital asset space” to determine if cryptocurrency played a role in Signature Bank’s collapse. The review underscores the increasing concerns of regulators over the potential […]
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Canadian pension funds to reveal crypto exposure

In a bid to protect citizens’ retirements, the Canadian government will direct regulated pension funds to show their exposure to cryptocurrency.  Part of Canada’s 2023 budget plan mentioned the need to protect investors from cryptocurrency risks, adding that “there is a clear need for different orders of government to take an active role in addressing […]
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MicroStrategy unveils minimal Silvergate exposure

Business intelligence outfit MicroStrategy has confirmed a loan from Silvergate but says the tenure is still a few years away. The company added that it is not worried about Silvergate’s current financial status and will not be looking to accelerate the loan. MicroStrategy secured a $205 million loan from Silvergate via the former’s MicroStrategy subsidiary. […]
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