By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The International Monetary Fund (IMF) had warned the G-20 nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending, a report made public on Monday reveals.Publish at: March 13, 2023 at 08:02AM
IMF Had Warned G-20 That Widespread Crypto Use Would Impact Banks
Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB, and Other Tokens
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Binance tapped into its Industry Recovery Initiative funds to cover the move.Publish at: March 13, 2023 at 07:43AM
HSBC Subsidiary to Acquire Silicon Valley Bank’s U.K. Unit for 1 Pound
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The bank said the deal is a move to strengthen it’s regional presence.Publish at: March 13, 2023 at 07:52AM
USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, Curve
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Decentralized exchanges worked exactly as intended as traders rushed to exchange USDC for wrapped ether and other tokens.Publish at: March 13, 2023 at 07:15AM
Bitcoin, Ether Retrace Weekend Losses As Bears See $183M in Short Liquidations
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Markets jumped amid respite from the U.S. government and USD Coin-issuer Circle.Publish at: March 13, 2023 at 06:03AM
After Landmark Crypto Law, European Politicians Contemplate Building Their Own Blockchain
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data ‘Europeum’ could safeguard values like privacy, digital minister Mathieu Michel told CoinDesk, as he seeks to make Belgium a blockchain hubPublish at: March 13, 2023 at 06:00AM
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Stablecoin issuer says USD funds held at Signature bank now fully backstopped by FedPublish at: March 13, 2023 at 04:16AM
First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Since September 2021, the growth in cash assets in small bank balance sheets has turned negative.Publish at: March 13, 2023 at 01:52AM
Circle Scrambles to Right USDC After Signature Bank Failure
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods.Publish at: March 12, 2023 at 11:38PM
Silicon Valley Bank Depositors Will Have Access to “All” Funds Monday, Say Federal Regulators
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data In a joint statement, federal banking and finance regulators said depositors will be made whole.Publish at: March 12, 2023 at 10:29PM
