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DEPOSIT FLIGHT TO CRYPTO
Cryptocurrency companies can keep paying interest-like rewards, say federal bank regulatorsThe new rules are part of the implementation of the GENIUS Act, which was signed into law last year and was meant to codify the rules and r...- US Senate Committee set to consider long-awaited crypto bill next weekUS senators will consider the Clarity Act next week, a bill aiming to regulate cryptocurrency and end disputes between crypto firms and ban...
- Crypto bill hits new impasse, raising doubts over its futureCrypto legislation faces an impasse as banks reject a White House compromise, casting doubt on its passage this year. President Trump criti...
- US senators introduce long-awaited bill to define crypto market rulesU.S. senators late Monday night unveiled draft legislation that would create a regulatory framework for cryptocurrency which, if signed in...
- ChatGPT was used 'to help scammers do their thing' at Asia fraud compoundKenyan jobseeker Duncan Okindo was trafficked to Myanmar under false promises of work in Thailand, where he endured forced labor in a scam ...
- US regulator seizes First Republic Bank, to sell assets to JP MorganJPMorgan bank was one of several interested buyers including PNC Financial Services Group, and Citizens Financial Group Inc, which submitte...
- The 11 days of turmoil that brought down four banks and left a fifth teeteringSilvergate Capital Corp. was the first US bank to collapse, done in by its exposure to the crypto industry’s meltdown. With Silvergate’s ob...
- SVB fallout could trigger a sentimental impact on Indian banking stocks: K Dileep“SVB was one of the main banks holding all the deposits of Venture Capital, hence all their deposits got locked.”
- SVB debacle sparks rush to defensive options on fears of contagion"Investors have re-rated banks on a sectoral basis, initiated a huge flight into the safety of short-term (Treasury) notes, and options pri...
- FTX's Sam Bankman-Fried to appear in Bahamas court; expected to waive extraditionBankman-Fried initially said he would fight extradition after his arrest a week ago in the Bahamas, where he lives and FTX is based. He was...
- Sam Bankman-Fried makes new bail plea after losing first request: sourceBankman-Fried was remanded to a Bahamas detention center after Chief Magistrate JoyAnn Ferguson-Pratt rejected his request to remain at hom...
- Clients of crypto lender Celsius face long wait over fate of their fundsCiting extreme market conditions, Celsius froze withdrawals in June in a move that reverberated through the crypto world and beyond, spurri...
- Crypto's latest meltdown leaves punters bruised and bewilderedBitcoin fell below $20,000 on June 18 for the first time since December 2020. It has plummeted around 60% this year. The overall crypto mar...
- Crypto's latest meltdown leaves punters bruised and bewilderedThe tumble has left individual investors across the world bruised and bewildered. Many are angry at Celsius. Others swear never to invest i...
- Bitcoin slumps below $23,000; crypto market value slips below $1 trillionThe world's most popular crypto asset also took a heavy knock from news that crypto lending platform Celsius Network paused withdrawals, ci...
- Real-life uses of virtual tokens: Gig pay, travel spends in cryptoBuying and selling has been the primary use-case for most types of cryptoholders. The prospect of higher returns compared to conventional a...
- Why most countries are unable to take a firm decision on cryptoRegulators across the globe have come up with various definitions of cryptocurrencies. But there is no consensus, even among major economie...
- Crypto influencers take to social media to recruit young investorsA growing breed of social media influencers for cryptocurrencies are raising awareness, sharing market insights and perspectives to their I...
- IPL ads, Dogecoin frenzy may have triggered 'informal' curbs on crypto exchangesBeing in the spotlight could cost crypto exchanges dearly
- Too fast too furious? Crypto assets lure investorsWealth managers doubt their role as a hedge on par with gold given the volatility and the margin of safety at elevated prices.
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