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Financial

Flow Secures01

12 Jun 23

SEC can’t keep Western financial system going forever

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto.news’ editor Nicholas Ross Say shares his opinion on the US SEC’s recent crusade against crypto that cost the industry millions of dollars. He opines that innovation oppression won’t last forever. Disclosure: The views and opinions expressed here belong solely to […]

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04 Jun 23

Liquid Federation expands, aims to strengthen Bitcoin financial infrastructure

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Liquid Federation, a consortium of major exchanges, Bitcoin infrastructure companies, and wallet providers, has welcomed six new members. Liquid Network, a layer-2 solution enabling the settlement and issuance of crypto assets on Bitcoin, announced in a June 2 blog post […]

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04 May 23

Former Coinbase CTO says current financial crisis similar to 2008

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Balaji Srinivasan, the former Coinbase chief technology officer (CTO), is opposing Jerome Powell’s “soft landing” statement and compares the current financial crisis with that of 2008. Powell is the chairperson of the Federal Reserve (Fed). This comes a day after Balaji […]

02 May 23

Bank failures pump bitcoin price in weak financial markets

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As regional bank failures rattle the financial markets, bitcoin’s price surges to the $28,500 level, showcasing its resilience and growing appeal as a safe haven for investors. The financial world is experiencing a seismic shift as a series of regional bank […]

Tezro Launches1

21 Apr 23

Crypto banking implodes, financial lifelines hard to find

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto industry is in turmoil, with both major failures, and a lack of banking partners. With the shuttering of major crypto-focused banks like Silvergate, Signature, and the seizure of Silicon Valley Bank (SVB), the sector is scrambling to secure banking […]

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13 Apr 23

Top financial institutions adopt Avalanche’s Evergreen Subnet

Avalanche (AVAX) has unveiled the Evergreen Subnet, Spruce, in collaboration with several financial institutions including WisdomTree, Wellington Management, and more. Participating institutions will use the Spruce solution as a testnet for various applications, including on-chain trade execution and settlement, asset tokenization, and more. Avalanche Evergreen Subnet launched Avalanche (AVAX), a super fast and scalable proof-of-stake […]

GPT and NVIR3

12 Apr 23

Wall Street firms embrace Avalanche blockchain for efficient financial transactions

T. Rowe Price Associates, together with several prominent Wall Street companies, is set to explore the potential of the Avalanche blockchain to revolutionize financial trade execution and settlement using a new application called Spruce. T. Rowe Price Associates is joining forces with several Wall Street companies to explore the Avalanche blockchain’s potential in enhancing the […]

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07 Apr 23

Florida governor Ron DeSantis challenges CBDCs, defends financial freedom

Florida governor Ron DeSantis has voiced strong opposition to central bank digital currencies (CBDCs), asserting that they threaten to undermine the financial freedom of Americans. Florida Governor Ron DeSantis has recently taken a strong stance against CBDCs, arguing that they pose a significant threat to the financial freedom of Americans. DeSantis sees danger in CBDCs […]

06 Apr 23

Tether used Signature Bank to access the US financial system

According to Bloomberg, Tether, the world’s largest stablecoin issuer, utilized Signature Bank to transfer funds from the United States to the Bahamas. Money was routed through the Bank’s Signet system Tether transferred funds from U.S. clients to Capital Union Bank, the issuer’s Bahamas-based banking partner. The transfers happened via the Signet payments platform of Signature […]

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27 Mar 23

Chinese banks going all in on crypto amid US financial crisis

Although crypto trading has been outlawed on the mainland for years, Chinese banks have reached out directly to crypto firms in recent months, adding to evidence that Hong Kong’s desire to become a significant digital asset hub has support from Beijing. Bank of Communications Hong Kong, Bank of China Hong Kong, and Shanghai Pudong Development […]

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