Banks News

Economic bubbles occur when the price of an asset, such as stocks or real estate, is driven up artificially and becomes disconnected from its underlying value.

Indonesia’s financial services regulator had hoped to set up the crypto exchange by the end of 2022, but this was delayed by a number of obstacles.

According to a job posting, HSBC is looking for a candidate who knows of digital assets, especially asset tokenization and custody.

After a bullish 2021, crypto miners sought loans to expand, which backfired following difficult market conditions in 2022.

Silvergate reportedly cited restrictions on disclosing “confidential supervisory information” related to the collapse of FTX in response to a similar December 2022 letter.

January has been a rough month for Silvergate, with the dividend halts coming just a few weeks after it announced a Q4 2022 loss of $1 billion and laid off 200 employees.

The bank applied for the application in 2019 and sued the Fed in an attempt to speed up the decision.

Bitcoin price is down today after reaching a 2023 high above $23,300. Was the rally a bull trap and what will it take for BTC to regain its bullish momentum?

Signature Bank and Silvergate reportedly borrowed over $13 billion from the federal home loan system.

Following the collapse of FTX, the company has decided to rebrand and exit the crypto space.

This marks the second “Big Four” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.

The report highlighted that deposits in the fourth quarter were $7.3 billion, which was lower than the third quarter figure of $12 billion.

Mamoru Yanase said crypto needs the same safeguards as financial institutions and banks.

By allowing virtual banks, Thailand seeks to boost competition and economic growth.

The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank, says it’s completely exiting its crypto-asset-related vertical.