G20’s Financial Regulator Wants to Learn from Recent Banking Collapse

Reading Time: < 1 minute The G20’s financial watchdog has today reported that the rules introduced after the 2007-09 financial crisis had managed to prevent contagion from the latest banking sector turbulence.

Wall Street Banks Likely to Report Lower Quarterly Earnings

Reading Time: < 1 minute Analysts anticipate that the six foremost Wall Street banks will report a 10% reduction in earnings per share compared to last year, according to Refinitiv I/B/E/S estimates.

Treasury Under Secretary Nellie Liang: Crypto Had No Direct Role in Bank Crash

Reading Time: < 1 minute The US Treasury Department’s Undersecretary for Domestic Finance does not think that the digital asset sector is to blame for the quick collapse of Silicon Valley Bank (SVB) and Signature Bank last month.

FDIC to Return $4B in Signature Crypto Deposits

Reading Time: < 1 minute The agency plans to return approximately $4 billion in deposits associated with Signature Bank’s digital asset banking business by early April.

FDIC Gives Signature Bank Customers One Week to Withdraw Their Funds

Reading Time: < 1 minute The FDIC has informed Signature Bank that customers with digital asset-related accounts have until April 5 to close them and withdraw their funds.

Australian Banks Required to Provide Reports on Crypto Transactions

Reading Time: < 1 minute The Prudential Regulatory Authority (APRA) intends to increase its control over blockchain startups, companies and banks using cryptocurrencies.

Circle: EU Bill MiCA Will Boost Banks’ Interest in Crypto

Reading Time: < 1 minute Within 48 months of the EU Council signing the MiCA text in October last year, major European banks will deploy digital asset services.

Strike CEO: Capital Will Move From Banking to Crypto

Reading Time: < 1 minute Jack Mallers, the CEO of Strike, has stated that the US banking sector’s injection of $300 billion last week has made it possible for an increase in investments.

Charles Hoskinson: The Crypto Sector Should Cut Ties With Banking Industry

Reading Time: < 1 minute The founder of Cardano has suggested that the digital currency market should become a fully-fledged and independent direction in the modern financial system.