A report from the FDIC has revealed that poor management was the primary cause of Signature Bank’s failure, uncovering the key factor responsible for the bank’s downfall. In response, the chair has assumed responsibility for the identified shortcomings, acknowledging accountability for the situation....
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fintech Benchmarks 2023 brought into sharp focus the escalating conflict between emerging digital currencies and the traditional institutions that control monetary issuance. A significant proportion of central banks –...
Based on recent reports, Cardano’s founders and other key opinion leaders within crypto are celebrating the current banking crisis. A crisis continues to haunt regional banks as First Republic Bank took a fall and needed rescuing. Several other banking networks recorded severe stock...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Taiwan’s Financial Supervisory Commission (FSC) outlined plans to control the country’s banking sector and crypto trade. The FSC plans to implement new regulations in September of this year to...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent interview with CNBC, Warren Buffett stated that he dumped his shares in many banks because their management was taking “dumb” risks and employing fraudulent accounting to...
The U.S. has excluded the World Bank’s International Development Association (IDA) from the requirements of the Securities Exchange Act of 1934 and the Securities Act of 1933. According to the World Bank, the exemption laws will result in significant savings for the Multilateral...
Singapore’s central bank and the police are reportedly working on establishing guidelines that would help traditional financial institutions in the city-state to improve the process of accessing potential crypto clients. Bloomberg reported on April 6 that the Monetary Authority of Singapore (MAS) and...
Credit Agricole CIB and SEB, two major European banks, have partnered to develop “sobond,” a blockchain-based platform for digital bonds, focused on enhancing efficiency and promoting sustainability in traditional finance. Credit Agricole CIB, a leading French investment bank, and SEB, a prominent Swedish...
Although crypto trading has been outlawed on the mainland for years, Chinese banks have reached out directly to crypto firms in recent months, adding to evidence that Hong Kong’s desire to become a significant digital asset hub has support from Beijing. Bank of...
The global fast-food giant Burger King placed Instpower power bank rental machines in Paris, which take crypto payments handled by cryptocurrency payment services Alchemy Pay and Binance Pay. Burger King and digital currency The crypto market has concentrated chiefly on adoption and growth....