Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion – Finance Bitcoin News
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit...
Finance
US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks – Finance Bitcoin News
A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses...
Russian Parliament Votes on Bill Opening Door for Digital Ruble – Finance Bitcoin News
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble....
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks – Finance Bitcoin News
Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert”...
HSBC Acquires Silicon Valley Bank UK — Sale Facilitated by Government, Bank of England – Finance Bitcoin News
The British government and the central bank, the Bank of England, have facilitated a private sale of Silicon Valley Bank...
Bank of Russia Registers Another Digital Asset Issuer – Finance Bitcoin News
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The...
Iran’s Crypto Rial Project Enters Trial Phase – Finance Bitcoin News
The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank...
Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain – Finance Bitcoin News
According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the...
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain – Finance Bitcoin News
A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored...
Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco – Finance Bitcoin News
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The...
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1 – Finance Bitcoin News
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning...
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks – Finance Bitcoin News
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding...
Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year – Finance Bitcoin News
Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in...
Digital Gold Traded for Digital Rubles by Russia’s Rosbank – Finance Bitcoin News
Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national...
Russia’s Largest Private Bank Launches Digital Asset Platform – Finance Bitcoin News
Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became...
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say – Finance Bitcoin News
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring...
Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System....
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament...
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs – Finance Bitcoin News
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies....
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred...
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy – Finance Bitcoin News
The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential...
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023 – Finance Bitcoin News
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the...
