Pro: SVB collapse may put this crypto bank in a stronger position

FDIC closed Silicon Valley Bank today and took control of its deposits. Austin Campbell says it could actually be a benefit for Signature Bank. Shares of Signature Bank ended more than 20% down on Friday.

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What does the BIS's report on CBDC development in Africa say?

The Bank for International Settlements (BIS) has conducted a survey of nineteen central banks from Africa. In doing so, it took a closer look at the development of central bank digital currencies (CBDThe post What does the BIS's report on CBDC development in Africa say? appeared first on AMBCrypto.

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CryptoSlate Wrapped Daily: FTX took $3.7B loss in 2021; Coinbase reveals Grayscale Bitcoin reserves

The biggest news in the cryptoverse for November 21 includes FTX’s call to other exchanges to expect and prevent hacker cash outs, Coinbase disclosing Grayscale’s 635,000 Bitcoin reserve, and Bank of England’s claims that blame the FTX crash on the FTT token run.

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China Discovers Major Crypto Laundering Scam, Police On Arrest Spree

The Chinese government has never supported crypto activities since the emergence of the industry. The People’s Bank of China took further actions against the digital industry and banned all local digital assets operations.

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Exclusive: Nexo’s Trenchev says it took two years to finalise acquisition of stake in US Bank

Crypto lending platform Nexo has made the landmark announcement that it has acquired a stake in Hulett Bancorp (DBA Mode Eleven), the holding company that owns Summit National Bank – a US federally chartered bank.

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Sri Lanka central bank reiterates crypto warning following protestors seizing president's residence

Thousands of Sri Lankans took to the streets of Colombo in protest of the government’s response to the economic situation in the country.

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MicroStrategy Gives Lowest Bitcoin Price to Avoid Holdings Liquidation

MicroStrategy took out a $205 million Bitcoin-collateralized loan with Silvergate Bank to purchase more Bitcoin

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Markets React to Bank of England Warnings

Today, the British pound fell in value as the Bank of England increased interest rates and warned of inflation. The drop took place amid a broader decline in stocks and...

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Axie Infinity hacked for $625 million… and nobody noticed

A quick Google search tells me that the biggest bank heist in history took…

The post Axie Infinity hacked for $625 million… and nobody noticed appeared first on Coin Journal.

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Axie Infinity hacked for $625 million… and nobody notices

A quick Google search tells me that the biggest bank heist in history took…

The post Axie Infinity hacked for $625 million… and nobody notices appeared first on Coin Journal.

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Locked And Loaded: MicroStrategy Takes $200M Loan To Buy Bitcoin

Software company MicroStrategy is read to buy the Bitcoin dip. According to a press release, the company took a $205 million loan from Silvergate Bank, a financial solution provider for the crypto industry.

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Samson Mow from Blockstream: CBDCs are a horrible idea

Renowned blockchain developer and bitcoin enthusiast Samson Mow lashed out at central bank digital currencies after Canadian authorities took harsh actions against anti-COVID protests.

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Bank of Mexico planning to launch CBDC by 2024

The Bank of Mexico took to Twitter to announce their plans to launch a central bank digital currency (CBDC) by 2024. The post Bank of Mexico planning to launch CBDC by 2024 appeared first on CryptoSlate.

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Nigeria's e-Naira gains more ground as Bitcoin P2P volume shrinks

Although the Federal high court gave Nigeria's central bank digital currency, e-Naira a green light earlier in October, the Central Bank took four weeks to officially launch it. With the launch of e-NThe post Nigeria's e-Naira gains more ground as Bitcoin P2P volume shrinks appeared first on AMBCrypto.

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Snowden: Deflationary Fed-Controlled CBDC Will Cause ‘Annihilation’ of Savings

Edward Snowden recently took to Twitter to weigh in on the hypothetical central bank digital currency (CBDC) issued by the US Federal Reserve The post Snowden: Deflationary Fed-Controlled CBDC Will Cause ‘Annihilation’ of Savings appeared first on BeInCrypto.

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20% of El Salvador Now Bitcoining

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Ghana: CBDC 'presents a great opportunity...'

It's season of Central bank digital currencies (CBDCs). According to the official press release, The Bank of Ghana took a step forward to pilot a general-purpose central bank digital currency (CBDC).

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China’s Central Bank Orders Institutions To Block Crypto Transactions

The People’s Bank of China (PBOC) said on Monday it has ordered banks and payment institutions to crackdown on crypto. The move comes after the nation enforced a series of mining shutdowns, the latest of which took place in Sichuan.

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Still Working with Binance.US, Clarifies Silvergate Bank After the Reports of Cutting Ties with Binance

Crypto-friendly Silvergate Bank took to Twitter to confirm that they are working with cryptocurrency exchange Binance. US in “good standing. ” Binance. US is “an active participant on the Silvergate Exchange Network,” added the bank late on Thursday.

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Bank of America joins the Paxos blockchain settlement network

Bank of America (BofA), the second-largest bank in the US, has joined the Paxos Settlement Service, a platform that leverages the blockchain to settle stock trades in minutes. A report unveiled this news on May 17, noting that this change will help the bank avoid the lengthy, antiquated settlement system, which took days to complete […] The post Bank of America joins the Paxos blockchain settlement network appeared first on Invezz.

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Wall Street veteran says these Tether risks are behind crypto market selloff

Caitlin Long, the founder of crypto bank Avanti Bank and a leading blockchain advocate, took to Twitter yesterday to explain the market sell-off, linking it to stablecoin issuer Tether. The post Wall Street veteran says these Tether risks are behind crypto market selloff appeared first on CryptoSlate.

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No, Turkey’s Bitcoin Ban is Not Crashing Prices

Bitcoin prices dropped on Friday, inching towards $60,000 in the latest sell-off that many said took place due to a crypto ban in Turkey. Turkish central bank decided to ban all kinds of cryptocurrencies and their use in an overnight decision Thursday.

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$2 billion Ethereum NFT sector finds a way to legacy bank BNP Paribas

A private subsidiary of the French bank took a liking to the fast-growing NFT space in its latest note. The post $2 billion Ethereum NFT sector finds a way to legacy bank BNP Paribas appeared first on CryptoSlate.

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Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions

A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020.

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Wall Street Banks Almost Ready to Embrace Bitcoin

This statement follows a town hall meeting for JPMorgan Chase traders and sales personnel that took place in Jan 2020. At the time, the bank’s head of global markets, Troy Rohrbaugh, responded to a question on whether JPMorgan would get involved in bitcoin.

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Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients

The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply.

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Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%

The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply.

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Mike Novogratz defends Bitcoin after ECB chief calls it 'funny business'

Not long after the President of European Central Bank called Bitcoin a “highly speculative asset” and that it was used to conduct money laundering, Mike Novogratz took to Twitter to criticize the The post Mike Novogratz defends Bitcoin after ECB chief calls it 'funny business' appeared first on AMBCrypto.

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Billionaire Took a $130 Million Loss in Bitcoin But “Felt So Much Better”

The billionaire CEO of Softbank, Masayoshi Son, doesn’t understand Bitcoin. After investing approximately $200 million, following the advice from Bitcoin booster whose investment firm was acquired by the bank, he found the asset’s price movements distracting and took a heavy loss when he exited back in 2018 as per a Business Insider report on Nov 20.

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This Swiss e-commerce giant accepted payment in digital franc

Sygnum, a digital assets bank in Switzerland announced in a release that it enabled the world’s first e-commerce transaction that involved using a stable coin. The transaction took place on the shopThe post This Swiss e-commerce giant accepted payment in digital franc appeared first on AMBCrypto.

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Chase Bank to Refund 95% of $2.5M It Allegedly Overcharged Crypto Buyers

The JPMorgan subsidiary has agreed to repay most of $2.5 million it took in credit card fees for cryptocurrency purchases.

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Bitcoin Took Us By Surprise Says Head of Central Bankers

Agustin Carstens (pictured above), head of the Bank for International Settlements (BIS) which is owned by central banks and acts as the bank of central banks, has stated bitcoin took... The post Bitcoin Took Us By Surprise Says Head of Central Bankers appeared first on Trustnodes.

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Supreme Court of India Holds Crypto Hearing Regarding the Reserve Bank of India (RBI) Restrictions

According to a report by Bitcoin.com, a crypto hearing was held by the Supreme Court of India. The hearing was over writ petitions challenging restrictions on banking by the Reserve Bank of India. Although the hearing was scheduled for Tuesday, it took place on Monday at the order of the senior counsel, which placed the […]

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Market Update: Crypto Prices Improve After 3-Week Downtrend

Digital currency markets have been trending downward in a triangular pattern since the 40% spike that took place on October 25. Following the three-week downtrend, cryptocurrency traders are quietly playing positions while patiently waiting for the next market signals.

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Swell 2019: Dr. Raghuram Rajan on Enabling Financial Inclusion with Blockchain and Digital Assets

Dr. Raghuram Rajan, former Governor of the Reserve Bank of India and Distinguished Professor of Finance at the University of Chicago, took the stage at Swell 2019 and underscored the important role that technology, including blockchain and digital assets, plays in fueling economic growth, increasing financial inclusion and ultimately revolutionizing businesses in emerging markets around … Continued The post Swell 2019: Dr.

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Former IBM Director Enters Blockchain Project as Chief Business Officer

Former IBM Director Enters Blockchain Project as Chief Business Officer In a recent press release, Credits announced a new employee, Jennifer Trelewicz, formerly Director of the Systems & Technology Laboratory at IBM, CTO of Google Russia, and Director of Risks & Market Data at Deutsche Bank.

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BOI employees won’t testify in US court over money-laundering case

The money laundering case involving OneCoin and Bank of Ireland (BOI) worth €273 million took another turn as the 4 employees of BOI crucial to the case decided not to testify unless the US authorities make it “compulsory,” reported The Irish Times.

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‘IAMAI vs RBI’ case: RBI’s aims to justify banking ban legally, keeping crypto sentiment aside 

The Reserve Bank of India had restricted the banks from processing any cryptocurrency transactions, that caused inconvenience to many crypto holders in the country. Following this ban, many took to the legal route and filed a petition against this ban, which is being heard in the Supreme Court of India.

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NASA astronaut accused of first-ever space crime denies allegations

NASA is reportedly investigating what’s said to be the first ever instance of a space crime. According to a report by The New York Times, the space organization is currently looking into a claim that astronaut Anne McClain improperly accessessed the bank account of her estranged spouse Summer Worden outside the confines of earth — while aboard the International Space Station (ISS).

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Follow up on KaratGold: Do ICOs keep their promises?

Four weeks ago, we conducted a substantial analysis of the KaratGold eco-system and published our results in our series “Do ICOs keep their Promises?”. While evaluating the project’s roadmap goals and actual accomplishments, we came to the conclusion that KaratCoin Bank and its associates took their roadmap very seriously and accomplished almost every single milestone […] The post Follow up on KaratGold: Do ICOs keep their promises? appeared first on AMBCrypto.

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Falling Renminbi Serious Use Case for Bitcoin: DBS Chief Economist

A weakening Chinese Yuan (Renminbi) is helping to fuel the bullish sentiment of bitcoin, according to Taimur Baig of DBS’ Singapore unit. The chief economist told Financial Times that the recent run-up in the bitcoin price took place after the People’s Bank of China (PBoC) forced the value of the renminbi below $0.

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Iran Central Bank Deputy Chief Tells Citizens Trading Bitcoin Is Illegal

The deputy governor of the Iranian central bank told media outlets that trading bitcoin and other cryptocurrencies within the country is illegal. Iranian residents took to the pioneer cryptocurrency as a means of securing their wealth as the Iranian Rial depreciated over the past three years, as reported by Tasnim News Agency on July 8, 2019.

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Trump Prefers ECB’s Draghi as Fed Chair in Epic Powell Diss

President Donald Trump took a swipe at the Federal Reserve Chairman this week, saying Jerome Powell’s rush to raise interest rates hampered an economy that didn’t need tightening. Draghi, Not Powell Donald Trump said he would prefer the actions of European Central Bank President Mario Draghi – and wanted him as Fed Chairman instead – […] The post Trump Prefers ECB’s Draghi as Fed Chair in Epic Powell Diss appeared first on CCN Markets

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Ripple’s partnership with Euro Exim Bank explores possibilities other than the use of XRP

Ripple, the real-time gross settlement system, has been working hard towards the adoption of their native cryptocurrency, XRP. While proponents of other cryptos are working towards increasing the use cases of the coin, Ripple took XRP to the banks and provided them with a liquidity solution called xRapid.

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G20 Finance Leaders Acknowledge Cryptocurrencies’ Technological Benefits for the Financial System

Japan’s Ministry of Finance on June 9, 2019, published a joint statement from the various G20 finance ministers and central bank governors requesting the Financial Stability Board (FSB) to keep a close eye on risks surrounding crypto-assets.

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Novogratz on Near-Term BTC Consolidation: ‘Trees Don’t Grow to the Sky’

By CCN: Mike Novogratz’s expectation for bitcoin price consolidation is starting to look more feasible since BTC abruptly took a dive today. The high-profile trader believes bitcoin is poised for near-term consolidation to a narrow range despite recent market momentum.

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European Central Bank: Bitcoin isn’t a threat, cryptocurrency not a new asset class

The European Central Bank (ECB), Eurozone’s chief financial regulator, has released its report on cryptocurrencies and their implications on the financial stability of the region. The paper took a neutral stance towards digital assets and said that they weren’t a threat to the economy.

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Thailand’s oldest bank hints at new blockchain app powered by Ripple

Thailand‘s oldest bank, Siam Commerical Bank (SCM), has hinted it will be experimenting with blockchain technology powered by Ripple. Earlier this week, rumors of its blockchain pilot surfaced online after eagle-eyed users took to Twitter to share images of what appears to be a Ripple-based app for cross-border transactions.

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Bank of England’s Chief Economist Thinks Bitcoin Could Replace Cash

It took bitcoin an 85 percent crash followed by a 135 percent recovery to convince a prominent financial expert about its underlying potential. Andrew G Haldane, the chief economist of the Bank of England, said bitcoin is on its way to replace cash, according to an eyewitness’s account.

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