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Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days – what…
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Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview…
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German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain
Germany’s largest industrial manufacturing company Siemens has issued a digital bond on a public blockchain, making it one of the pioneer companies…
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Crypto-Friendly Bank Silvergate Faces Probe For Dealings With Bankrupt FTX
Cryptocurrency-focused bank Silvergate is facing investigation from the US Justice Department for suspicious dealings with FTX and its affiliated Alameda Research. The…
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Top Russian Bank Issues First Gold-Backed DFAs With Major Metal Processor
Russia’s largest bank Sber has partnered with Solfer – a processor of precious metals – to launch gold-backed digital financial assets (DFAs).…
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Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining
Kazakhstan is making significant progress in developing its central bank digital currency (CBDC), having completed trial phases. In a report released by…
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Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest
The Australian eAUD program – researching the use cases of a CBDC in Australia – has attracted a growing interest in the…
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US Banks Partner With NY Fed For CBDC Blockchain Pilot
Major US financial institutions are launching a 12-week proof of concept (PoC) test program for a central bank digital currency (CBDC). BNY…
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Galaxy Digital Teams Up With Top Brazilian Asset Manager For Crypto ETFs
Cryptocurrency financial firm Galaxy Digital has collaborated with Itáu Asset Management to launch a suite of physically backed digital asset exchange-traded funds in Brazil.…
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Russia Is Considering Digital Ruble Settlements With China
Russia plans to issue a Central Bank Digital Currency (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a…