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CATEGORY: banking sector


Coinbase sues SEC, FDIC over FOIA noncompliance

Author: Cointelegraph by Josh O'Sullivan
United States
Jun 28, 2024 12:00

Coinbase sues SEC, FDIC over FOIA noncompliance

Coinbases lawsuits target the SEC and FDIC for alleged noncompliance with FOIA requests regarding Ethereums proof-of-stake transition.

Jun 25, 2024 02:15

HKMA Hosts Seminar on Banking Sector Support for SMEs


The HKMA, along with key banking associations, hosted a seminar to discuss support measures for SMEs, benefiting around 7,000 businesses with over HK$15 billion in credit. (Read More)

Mar 26, 2023 03:15

Animoca Brands refutes claims of scaled back metaverse fund and plummeting valuation


Venture capital firm Animoca Brands denies claims of reducing its metaverse fund target by $200 million and a significant drop in its valuation, citing inaccurate reporting. The firm acknowledges the impact of banking collapses on fundraising but states that the final amount raised for the fund is yet to be determined. (Read More)

Mar 25, 2023 05:50

Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail [...]

The post Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector appeared first on Crypto Breaking News.

May 19, 2023 02:10

Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits

Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro Banks Have Solid Fundamentals, ECB’s de Guindos [...]

The post Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits appeared first on Crypto Breaking News.

Mar 18, 2023 10:30

Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal [...]

The post Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos appeared first on Crypto Breaking News.

Mar 15, 2023 10:35

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s [...]

The post UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents appeared first on Crypto Breaking News.

Apr 03, 2023 05:50

‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known [...]

The post ‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks appeared first on Crypto Breaking News.

Jun 02, 2023 10:30

Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan

In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of operations. This order from the central bank comes in the wake of Silvergate’s declaration of voluntary liquidation [...]

The post Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan appeared first on Crypto Breaking News.

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