Market Page 35

Market

Whether you’re an investor, trader, or simply interested in the world of cryptocurrencies, our Crypto Market News category offers timely and insightful coverage to help you stay on top of this rapidly evolving industry.

the Federal Reserve closed Signature Bank

Signature Bank Succumbs to Pressure, Causing Concern for Federal Authorities

On March 12, the Federal Reserve closed Signature Bank, a crypto-focused bank in the United States. The closure was prompted by concerns about the systemic

March 13, 2023
HSBC U.K. Bank, is set to acquire Silicon Valley Bank U.K. (SVB U.K.) for a nominal £1 ($1.21)

Silicon Valley Bank Sells UK Unit to HSBC Subsidiary for £1

HSBC’s U.K. ring-fenced subsidiary, HSBC U.K. Bank, is set to acquire Silicon Valley Bank U.K. (SVB U.K.) for a nominal £1 ($1.21), according to a

March 13, 2023
Silicon Valley Bank's recent closure has sent shockwaves throughout the tech industry

Regulators Scramble to Sell Silicon Valley Bank’s Assets Amid Bank Run

Silicon Valley Bank’s recent closure has sent shockwaves throughout the tech industry as regulators work to sell its assets over the weekend. The Federal Deposit

March 12, 2023
Silicon Valley Bank's (SVB) UK branch has been ordered to halt its operations

Bank of England shuts down Silicon Valley Bank’s UK branch over regulatory concerns

Silicon Valley Bank’s (SVB) United Kingdom (UK) branch has been ordered to halt its operations by the Bank of England (BoE) due to its “limited

March 12, 2023
future of Silicon Valley Bank and put trillions of dollars at risk

Silicon Valley Bank’s Troubles May Cause Contagion Effect on Regional Banks

The Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) are currently facing a crucial decision that could affect the future of Silicon Valley Bank

March 12, 2023
Samuel Rines warned that firms driving inflation

Economist Claims Corporate Greed Is Outpacing the Federal Reserve’s Attempts to Curb It

Corbu LLC’s Chief Economist Samuel Rines has warned that companies driving inflation by testing consumer tolerance to price increases could render hawkish Federal Reserve policy

March 11, 2023
KuCoin Faces Legal Action for Sale of Unregistered Securities in New York

KuCoin Faces Regulatory Backlash for Unregistered Securities Sale in New York

KuCoin, one of the largest crypto exchanges, is in trouble as it faces a lawsuit from the New York Attorney General’s office over the sale

March 10, 2023
The U.S. DOJ has filed an appeal challenging Binance acquisition of Voyager Digital

U.S. Department of Justice Takes Action Against Voyager-Binance.US Deal

The U.S. Department of Justice (DOJ) has filed an appeal challenging the recent decision by a New York bankruptcy judge to approve Binance.US’s billion-dollar plan

March 10, 2023
Zero-Knowledge Crypto Firm Proven Raises $15.8M in Initial Funding Round

Crypto Startup Proven Lands $15.8M in Seed Round Financing

Proven, a developer of zero-knowledge proofs (ZK) technology that helps exchange and asset management clients prove their solvency, has raised $15.8 million in a seed

March 10, 2023
SWIFT’s CBDC Interconnection Project Enters Second Phase

SWIFT Moves Forward with CBDC Pilot After Successful Initial Phase

In a statement released on Thursday, interbank messaging company SWIFT has announced that its project to interconnect central bank digital currencies (CBDCs) has shown “clear

March 9, 2023
Thailand’s Finance Ministry

Uncertainty Lingers for Crypto in Thailand Despite Government’s Tax Incentives

Thailand’s Finance Ministry announced on February 7th that it would waive corporate income tax and value-added tax for firms conducting initial coin offerings (ICOs) for

March 8, 2023
CBDC Pilot Launched in Brazil, Public Access Scheduled for 2024

Brazil Introduces CBDC Pilot Program, Opening Up Public Usage by 2024

The Central Bank of Brazil has taken a significant step towards financial inclusion by launching its Central Bank Digital Currency (CBDC) pilot project. According to

March 8, 2023
FTX's Legal and Accounting Expenses Soar to Nearly $40M in Just One Month

FTX Legal and Accounting Team Rack Up $40M in Billable Hours in Just 30 Days

Bankruptcy lawyers representing embattled crypto exchange FTX have submitted an invoice for a staggering $38 million for their services. This comes as creditors are seeking

March 8, 2023
CoinGate Integrates Binance Pay to Streamline Crypto Transactions

CoinGate Integrates Binance Pay for Convenient Crypto Transactions

CoinGate, the well-known cryptocurrency payment processor, has recently partnered with Binance Pay, allowing businesses to accept payments from Binance Pay users. The integration of Binance

March 8, 2023
SEC’s rejection of Grayscale Investments

SEC Faces Tough Questions During Grayscale’s Bitcoin ETF Appeal Hearing

On March 7th, the District of Columbia Circuit Court of Appeals presided over the first appeals hearing regarding the SEC’s rejection of Grayscale Investments’ spot

March 8, 2023
Binance has received court approval to acquire Voyager Digital’s assets.

Binance.US Acquires Voyager Digital’s Assets After Defeating SEC Objection

Binance.US, the American subsidiary of Binance, has received court approval to acquire Voyager Digital’s assets. The SEC had filed a limited objection to the acquisition

March 8, 2023
© copyright 2024 all rights reserved | Coinliberal