Swiss National Bank says it will support Credit Suisse if necessary
Swiss regulators reaffirm the soundness of the Swiss financial system, following recent concerns about Credit Suisse.
Year: 2023
Blockchain is the answer to Russia’s settlement issues, banking exec says
There is no technical reason preventing Russia from creating its own blockchain-based system, blockchain provider Fuse Network’s CEO believes.
US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto. The...
Federal Reserve confirms July launch for FedNow instant payment service
The FedNow service aims to reduce the gap in payment time between United States financial institutions. The United States Federal...
Formfunction to shutter marketplace amid Solana NFT slump
The platform didn’t disclose the reason for its closure, but Solana NFTs haven’t been having the best run lately. Formfunction,...
Meta scraps NFTs on Instagram and Facebook: Nifty Newsletter, March 8–14
Meta discontinues NFT services on Instagram and Facebook, and Binance NFT marketplace adds support for trading NFTs on the Polygon...
India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have...
Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble...
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking...
Circle clears ‘substantially all’ minting and redemption backlog for USDC
The stablecoin issuer said as at U.S. banking close on Wednesday, it redeemed $3.8 billion USDC and minted $0.8 billion...
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is...
Blame traditional finance for the collapse of Silicon Valley Bank
Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency. The entire...
OpenAI co-founder’s ‘World ID’ project launches, along with SDK waitlist
The new IDs will allow users to prove they are unique humans without revealing personal information on websites. Crypto unicorn...
Gensler suggests staking token operators should ‘seek to come into compliance’
The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made...
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018,...
