▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join me, INSTAGRAM : therahulm FACEBOOK PAGE : RAHUL M … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
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Day: March 14, 2023
Signature Bank’s Signet Platform Still Works, But Some Clients Have Moved On
“With all of the deposits and substantially all of the assets of former Signature Bank, the bank will continue to take care of its clients, providing a full suite of loan, deposit, and banking services,” said new Signature Bridge Bank CEO, Greg D. Carmichael, in a press release. The release did not mention Signet, however. Source
Binance to lose its GBP on-and-off ramp provider in 9 weeks
Binance is scrambling to find a new service partner to process British Pound (GBP) transfers on its trading platform after its current partner, Skrill Limited announced it will soon cease providing services to the crypto exchange. Binance explained in a Mar. 13 email to “Binancians” that Skrill would stop processing GBP deposits and withdrawals via bank transfer with its “Faster Payments Service” and card in May. 22. “We regret to inform you that our GBP fiat partner, Skrill Limited, has informed us that it will stop offering GBP fiat services,…
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’ – Featured Bitcoin News
South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill, masquerading as a Universal Commercial Code (UCC) guidelines update, also paves the way for central bank digital currencies (CBDCs). Emphasizing that this bill is clearly “a threat to our freedom,” the governor urged 20 other states that are about to consider a similar bill to “block this legislation from passing.” South Dakota’s Governor Vetoes Bill That ‘Bans’ Bitcoin and Other Cryptocurrencies for Use as Money The government of the…
CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair
The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being “freedom coins,” says the former chair of the Commodity Futures Trading Commission (CFTC). In a Mar. 13 op-ed in The Hill, Christopher Giancarlo, nicknamed “Crypto Dad” for his pro-crypto outlook, said the U.S. “must influence” CBDC development towards protecting “democratic values like freedom of speech and the right to privacy, ” leveraging current technology used by some cryptocurrency protocols. My op-ed in @theHIll with @Jim Harper: the question is…
Dylan LeClair On Bitcoin, Nostr, Ordinals, Regulation, & The Fed
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Dylan LeClair is the head of research at Bitcoin Magazine, & the co-founder of 21st Paradigm. In this conversation, we talk about … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Bitcoin’s BTC Price Store of Value Narrative Is on Full Display; Crypto Prices Stay Green
“We are closely watching whether this moment creates an opening for other currencies, notably the Euro, to emerge as a linchpin of the digital asset ecosystem,” David Bachelier, Asia-Pacific CEO of Flowdesk said in a note to CoinDesk. “Such an outcome would be positive, as it would bolster the role of the Euro in crypto in terms of trading volumes, too. This would put crypto-fiat trading volumes more in line with proportions of the euro’s trading volumes versus the dollar’s.” Original
US Fed faces internal probe over Silicon Valley Bank failure
The Federal Reserve is investigating the factors that led to the failure of Silicon Valley Bank — including how it supervised and regulated the now-collapsed financial institution. In a Mar. 13 announcement, the Federal Reserve outlined that Vice Chair for Supervision Michael Barr is “leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure,” with a review set for public release by May. 1. “The events surrounding Silicon Valley Bank demand a thorough, transparent, and swift review by the Federal Reserve,” Chair Jerome…
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System – Economics Bitcoin News
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced measures to rescue depositors of failed Silicon Valley Bank and Signature Bank. Goldman Sachs Revises Rate Hike Forecast Global investment bank Goldman Sachs has revised its interest rate hike prediction for the upcoming Federal Open Market Committee (FOMC) meeting in March. In a note to…
FDIC to attempt another auction of Silicon Valley Bank: Report
Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now-collapsed bank. According to a Mar. 13 report from the Wall Street Journal, the Federal Deposit Insurance Corporation (FDIC) told Senate Republicans that they now have additional flexibility to sell the bank after regulators declared the SVB collapse a threat to the financial system. The regulators first attempted an auction of the fallen bank on Mar. 11 — only a day after its closure. Bids…