CRYPTO-FRIENDLY SIGNATURE BANK FORCED TO SHUT DOWN AS NY REGULATOR TAKES OVER |1300 HKT | 0600 UKT | 13 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

Signature Bank, a crypto-friendly bank based in New York, has been closed down and taken over by the New York Department of Financial Services (NYDFS). The NYDFS has appointed the US Federal Deposit Insurance Corporation (FDIC) to handle the insurance process. The...

BITCOIN SOARS 5.3% AFTER US AGENCIES REASSURE ON DEPOSITOR PROTECTION |1300 HKT | 0600 UKT | 13 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

Bitcoin surged by 5.3% to reach US$21,582, the highest gain in almost a month after the US Federal Reserve announced measures to protect depositors’ money and provide easier terms for short-term loans to help cash-strapped banks. The move came after the collapse...

SWIFT’S CBDC INTERLINKING SOLUTION SHOWS POSITIVE RESULTS IN PILOT TEST |1300 HKT | 0600 UKT | 10 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

Bank messaging platform, SWIFT announced positive results from a pilot test of linking different central bank digital currencies (CBDCs) on 9 March. The 12-week testing period saw the simulation of almost 5,000 transactions between two blockchain networks and existing...

INDIAN GOVERNMENT IMPLEMENTS ANTI-MONEY LAUNDERING LAWS FOR CRYPTO TRANSACTIONS |1300 HKT | 0600 UKT | 10 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

The Indian government has announced that crypto transactions will be subject to the country’s Anti-Money Laundering regulations under the Prevention of Money-Laundering Act (PLMA) 2002. The regulations will affect various types of crypto transactions, including...

BITCOIN PLUMMETS AFTER SILVERGATE ANNOUNCES VOLUNTARY LIQUIDATION|1300 HKT | 0600 UKT | 10 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

Bitcoin stabilized near its lowest point since mid-February 2023 on 9 March following the announcement by crypto-focused bank Silvergate Capital Corp that it plans to voluntarily liquidate. The California-based bank has been struggling after investors withdrew around...

US SENATORS PLAN TO UNVEIL NEW DRAFT OF CRYPTO BILL IN APRIL |1300 HKT | 0600 UKT | 9 March 2023

by Александр Пирогов | Mar 9, 2023 | Blog News

US Senators Kirsten Gillibrand and Cynthia Lummis plan to unveil a new draft of the bipartisan cryptocurrency bill to the new Congress after it was deferred in 2022. Speaking at a Senate Agriculture Committee hearing on oversight of the Commodity Futures Trading...