2023-3-29 00:50 |
The budget for 2023 also includes that OSFI will consult federally regulated financial institutions on guidelines for publicly disclosing their exposure to crypto-assets.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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The move comes in the wake of Silicon Valley Bank's collapse and global lender volatility, the Australian Financial Review reported.
2023-3-22 09:00 | |
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Ripple CEO Brad Garlinghouse on Sunday disclosed exposure to Silicon Valley Bank. While Garlinghouse declined to say how much capital was held at the fallen bank, he assured investors that the company remains strong.
2023-3-14 22:56 | |
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California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. The post Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure appeared first on CryptoSlate.
2023-3-11 02:20 | |
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Business intelligence outfit MicroStrategy has confirmed a loan from Silvergate but says the tenure is still a few years away. The company added that it is not worried about Silvergate’s current financial status and will not be looking to accelerate…
2023-3-3 16:20 | |
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A below par financial performance, bankruptcy filings and company closures, exposure to FTX’s collapse, job cuts, and slow down in certain investments or projects were some of the challenges crypto companies faced in the year 2022.
2023-2-5 23:19 | |
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A leaked BlockFi financial report suggest highers higher FTX and Alameda exposure than initially thought. The post BlockFi Has $1.2 Billion Exposure to FTX, Report Claims appeared first on BeInCrypto.
2023-1-26 23:46 | |
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Uncensored BlockFi financials have leaked, showing a $1.2 billion exposure to FTX. These recent documents were released by mistake and contained more information than previously shown. Poor management at FTX impacted the now-bankrupt crypto lender BlockFi as new financial reports…
2023-1-25 12:42 | |
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The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake.
2023-1-25 04:33 | |
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Based on publicly available disclosures, many US Congress members beat the wider markets for another year.
2023-1-5 20:45 | |
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While the company has no exposure to FTX, the extended Bitcoin bear market is taking a toll on parts of the business.
2022-11-22 01:32 | |
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Bakkt Holdings has revealed that it has no exposure to FTX, FTT, Alameda, Genesis, or companies that have halted activities due to the ongoing contagion in the crypto markets. The company made this known in a press release on November…
2022-11-18 21:00 | |
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In an email to clients, BlockFi admits significant exposure to FTX, says it has engaged financial advisers and that its aim is “maximizing value for all of our clients.”
2022-11-17 14:01 | |
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In a live question-and-answer session, Crypto.com CEO Kris Marszalek said the company’s balance sheet is strong.
2022-11-14 12:06 | |
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Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let users know if there is any risk.
2022-11-10 18:23 | |
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The firms also reported a net loss of $68.1 million for the third quarter.
2022-11-10 15:43 | |
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Global banking regulation standard Basel Committee’s latest report estimates the global bank exposure to crypto to be at 0. 01%, as the 19 largest financial institutions hold €9. 4 billion worth of crypto, which equates to 0.
2022-10-3 10:30 | |
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Direct investment into cryptocurrency is just one way clients of financial advisors can participate in the new asset class.
2022-9-22 15:50 | |
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The public affairs office of the Superintendent of Financial Institutions has announced an interim approach for crypto assets held by federally regulated financial institutions and will reduce the contact with cryptocurrencies.
2022-8-21 12:52 | |
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Crypto has made its way into Wall Street and major financial entities in the legacy financial system, demanding a change in old regulatory structures. A document from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) hints at how these structures might be starting to shift. Related Reading: Elon Musk […]
2022-8-11 20:48 | |
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The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common.
2022-8-11 20:00 | |
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If the metaverse grows, households might rely more on crypto and banks and financial institutions might have greater exposure, Bank of England researchers said.
2022-8-9 20:06 | |
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Coinbase has said in a blog post that it is not financially exposed to…
The post Coinbase affirms no financial exposure to embattled crypto firms appeared first on CoinJournal.
2022-7-21 18:00 | |
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The crypto exchange denied exposure to the crypto lender and hedge fund that are both seeking bankruptcy protection.
2022-7-20 18:00 | |
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Nasdaq survey shows US financial advisors want a spot crypto ETF product. Advisors also have no plans on reducing their exposure and are willing to get broader exposure under an index fund. Factors are pointing at a spot ETF green light coming soon.
2022-4-17 19:47 | |
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In a survey featuring 500 financial advisors, 72% want to invest more heavily in the ecosystem.
2022-4-12 21:57 | |
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The Federal Deposit Insurance Corp. is advising banks to contact it if they are currently engaged in or intend to engage in cryptocurrency-related activities. The FDIC notes that exposure to crypto assets may pose “safety and soundness hazards, as well as financial stability problems.
2022-4-8 11:10 | |
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A top U.S. banking regulator has asked banks to report on their “crypto-related activities,” citing potential “safety and soundness risks as well as financial stability concerns” resulting from exposure to crypto assets.
2022-4-8 01:10 | |
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Legislators in the United States appear bent on limiting the impact of El Salvador’s Bitcoin adoption on the country’s financial system. The post US Senate considers Bill to limit exposure to El Salvador Bitcoin Experiment appeared first on CryptoSlate.
2022-3-25 17:40 | |
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One of the largest financial institutions in the world is discovering new ways to receive exposure to the cryptocurrency market
2022-3-21 17:01 | |
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Synthetix is a financial primitive enabling the creation of synthetic assets, offering derivatives and exposure to real-world assets on the blockchain. The post Synthetix to launch perpetual futures on Ethereum scaling solution Optimism appeared first on CryptoSlate.
2022-3-17 19:00 | |
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currenWall Street is hellbent on getting its feet deep in the waters of crypto and it is recruiting an army to do so. Bloomberg reported that in the last three years, about 1,000 crypto-related roles have been created on Wall Street by financial firms looking to gain exposure to the market. Among these have been […]
2021-11-9 20:00 | |
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The Chicago Mercantile Exchange (CME), the world’s largest financial derivatives exchange, has announced on Tuesday that it’s planning to introduce Micro Ether futures. The new Ethereum-derivative product will provide institutional investors and individual traders exposure to the cryptocurrency.
2021-11-3 21:05 | |
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A growing list of mainstream financial entities have continued to increase their exposure to crypto over the last year or so.
2021-10-5 16:14 | |
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Cryptocurrency investments are becoming more and more attractive to institutional investors who are now looking to grow their revenue long-term by moving into crypto products. A new survey by European investment firm Nickel Digital Asset Management found that 62% of institutions with no exposure to crypto will make their first investments within one year. Nickel […]
2021-10-1 00:20 | |
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Switzerland-based SEBA Bank became the first Swiss-licensed financial institution to receive a license from regulators to offer digital assets to mutual funds in the country. The cryptocurrency-focused bank will act as a custodian to the firm enabling mutual funds to get exposure to cryptocurrencies.
2021-9-29 22:53 | |
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ABEY, the central currency of the cross-chain, smart contract-enabled, scalable, and high throughput ABEYCHAIN, is now available for trading at Liquid Global. ABEY Listing at Liquid Global Today The Singapore-based exchange, which is registered and compliant with Japan’s Financial Supervisory Authority (FSA), is one of the largest ramps in the world, supporting over 180 uniqueRead More
2021-9-4 17:00 | |
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Bitcoin investments are trending amidst major financial institutions and banking giant Morgan Stanley has been active in this regard. Morgan Stanley, one of the largest banks in the United States, has invested millions of dollars in Bitcoin through its various funds despite the bearish discourse prevailing among crypto analysts until recently. Twitter User MacroScope wasRead More
2021-8-27 15:00 | |
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Wells Fargo has also joined in on crypto-mania. The financial services giant has started offering cryptocurrency exposure to its high-net-worth clients (HNWI), reported Insider, saying a company spokesperson has confirmed this.
2021-8-1 17:49 | |
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Wall Street banking giant JPMorgan Chase, is allowing its retail wealth management clients to access a select number of cryptocurrency funds. The bank is the first major U. S. financial institution to enable such exposure to its big-money clients.
2021-7-23 12:00 | |
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Financial services company Rothschild Investment has yet again increased its Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) holdings. In Q1 2021, Rothschild increased its GBTC exposure by 26% and in Q2, the multinational investment bank further raised it by 268.
2021-7-20 19:37 | |
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While inflation has kicked up in the U. S. , following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U. S.
2021-7-19 22:00 | |
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American financial services company Capital Group has bought a 12% stake in business intelligence software and related services provider MicroStrategy, according to a US SEC filing. The filing shows that Capital Group has purchased 953,242 shares worth approximately $561 million at the current price of $588.
2021-7-15 19:26 | |
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British Investor Paul Marshall’s $55 billion hedge fund is reportedly planning to invest in the cryptocurrency industry. A report by the Financial Times stated Tuesday that according to people familiar with the firm’s operations, the Marshall Wace hedge fund is interested in gaining exposure to crypto assets by investing in crypto startups that are in their […]
2021-7-7 22:22 | |
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Hedge fund giant Marshall Wace is exploring the possibilities of investments in the crypto sector, insiders told the Financial Times. This is in line with the tendency of the growing interest of large asset managers in digital assets according to the report.
2021-7-6 17:26 | |
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Although traditional financial institutions and banks are concerned about digital currencies, some are allowing customers to gain exposure to the crypto market. U. S. -based multinational bank Morgan Stanley is one of the notable names in the lot.
2021-6-29 11:20 | |
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Hedge Funds are planning to increase their exposure to cryptocurrencies significantly in the next five years, according to a new survey. A survey of 100 hedge fund chief financial officers globally conducted by fund administrator Intertrust found that executives expect to hold an average of 7.
2021-6-16 20:00 | |
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Etehreum’s average fees have dropped lower than Bitcoin’s, while MetaMask Institutional comes as cryptocurrency funds, family offices, and financial institutions “increasingly” seek exposure to DeFi.
2021-6-14 17:14 | |
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Basel regulators said today that banks face the “most risk” from Bitcoin and other cryptocurrencies as they are tools for money laundering and a threat to the broader financial market. The post Swiss committee proposes banks hold a dollar for every dollar in Bitcoin exposure appeared first on CryptoSlate.
2021-6-10 13:56 | |
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The group has previously warned of "financial stability concerns" and risks faced by banks when it comes to cryptocurrencies.
2021-6-8 18:53 | |
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Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in each country. Reuters reported that the Securities and Exchange Board of India (SEBI) wants multiple regulators to oversee crypto trading in the country.
The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all, 60 Senators voted in favor of HJ Res. 109, a resolution to overturn the bulletin, while 38 Senators voted against it.
US lawmaker Wiley Nickel has urged the Gary Gensler-led Securities and Exchange Commission (SEC) to repeal the Staff Accounting Bulletin 121 (SAB 121) before the impending Senate vote. SAB 121 requires financial institutions custodying crypto to hold these assets on their balance sheets.
Quick Take Bitcoin’s recent surge to $65,000, a level last seen on May 6, has sparked significant volatility in the digital assets market. Bitcoin has now seen a roughly 15% rally from the lows of May 1.
Dutch court convicts Tornado Cash developer Alexey Pertsev of laundering $1.2 billion, setting the stage for a significant impact on privacy in decentralized finance. The post Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B appeared first on Crypto Briefing.
US senators Ron Wyden and Cynthia Lummis sent a letter to the DOJ questioning if services like Samourai Wallet meet the definition of money transmitters under current laws and guidance. The post Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash appeared first on Crypto Briefing.
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May.