Wirex, a prominent cryptocurrency payments provider, has partnered with Novatti, a card issuer, to provide Australians with multi-currency cards. This collaboration, according to Wirex, could potentially enable over 20 million individuals to utilize their advanced multi-currency cards for everyday...
Tarabut Gateway, the MENA region's largest open banking network, has announced a new partnership with Rain, the region's first licensed trading platform for crypto assets. This marks the first collaboration between Tarabut Gateway and a crypto asset service provider....
The Federal Reserve has begun an investigation into the causes of Silicon Valley Bank's (SVB) collapse. The agency will evaluate the oversight and regulatory methods utilized by the collapsed financial institution. The Federal Reserve appointed Vice Chair for Supervision...
The US Commodities Future Trade Commission (CFTC) has formed a new Technology Advisory Committee (TAC) and appointed several notable members from the crypto and blockchain industry. Today @CFTCcgr announced the membership of the newly constituted Technology Advisory Committee, its...
The US Federal Deposit Insurance Corporation (FDIC) attempted to sell Silicon Valley Bank (SVB) through an auction on March 12, 2023, but the auction failed to attract any buyers. The primary goal of this auction was to raise sufficient...
Circle has announced Cross River Bank as its new commercial banking partner for the production and redemption of the US Dollar Coin (USDC). Circle’s USDC operations will open for business on Monday morning, including with new automated settlement via...
The President of the United States, Joe Biden, has promised to ensure that those responsible for the downfall of Silicon Valley Bank and Signature Bank are held accountable. He also stated that depositors need not worry about their funds'...
Renowned Japanese automaker, Nissan, has joined other automobile manufacturers in embracing Web3 technology. The company recently applied for four new NFT and Metaverse trademarks in the United States. Additionally, its Japan unit is experimenting with metaverse auto sales. The...
According to reports, the now-defunct Signature Bank held funds for several crypto companies, including crypto exchange Coinbase, bankrupt crypto lender Celsius, and stablecoin issuer Paxos. Recall that on March 12, the Federal Deposit Insurance Corporation (FDIC) and New York...
Questions are being asked about USDC stablecoin issuer, Circle's exposure to failed U.S. banks, Silvergate Bank and Silicon Valley Bank. This is because Circle published a USDC Reserve Report last week accompanied by an Attestation by the global Audit...
