Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator
The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank’s parent entity and its former executives on Monday.
Read More »USDC bounces back toward $1 peg after Fed announcement
Positive developments concerning Circle’s $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg.
Read More »ECOWAS is Debating Crypto Operation in West Africa but a Ban Seems Impossible
The Economic Community West African States (ECOWAS) is at odds over the legality and operation of crypto in its member states. What will be the fate of cryptocurrencies in the…
Read More »National Bank of Egypt Plans to Use Ripple Blockchain to Improve Remittance Speed
The use of distributed ledger tech (DLT) for transborder payments is increasing among various Central Banks around the globe. The recent bank to embrace blockchain technology in the remittance field…
Read More »French Firm Launches Euro-Pegged Stablecoin on Tezos (XTZ)
Lugh.io has joined forces with Coinhouse, Societe Generale Bank, and others to launch its euro-backed stablecoin dubbed Lugh (EUR-L). The firm claims the new digital currency will be highly stable…
Read More »Korean Banks are Unsure About Cryptocurrency Partnerships
Korean banks are conflicted on whether to extend alliances with local cryptocurrency exchanges amid the strict financial regulations. Financial Information Act Implementation For the time being, three Korean commercial lenders…
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