Swiss Bankers Association publishes white paper detailing merits of deposit tokens
SBA Favors a joint deposit token which it claims will provide ‘freedom with regards to money creation.’
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Potential Signature Bank buyers asked to stop crypto business by FDIC: Report
The report citing sources states that FDIC will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms.
National Australia Bank announces completion of first-ever cross-border stablecoin transaction
The intrabank transfer used NAB’s fully backed AUDN stablecoin and was issued as an ERC-20 token.
Crypto Bank Anchorage Digital announces layoffs, cuts staff by 20%
Anchorage described the layoffs as “a strategic realignment to better focus our resources.”
Paxos, Coinbase reveal exposure to collapsed Signature Bank
Coinbase disclosed it had around $240 million in corporate funds at the bank that it expected would be fully recovered.
U.S. Fed Announces $25Bln in Funding to Aid Struggling Banks Amid SVB Collapse
Fed claims the Bank Term Funding Program would be an "additional source of liquidity against high-quality securities, eliminating an institution's need to quickly sell those securities in times of stress."
Coinbase to continue offering staking despite SEC crackdown
Coinbase notes that users earn rewards from the decentralized protocols, and not from the exchange itself.
BlockFi had $227 Mln in funds held at collapsed Silicon Valley Bank
SVB was shut down and taken over by the Federal Deposit Insurance Corporation on Friday
US budget proposes 30% excise tax on crypto miners’ electricity usage
Under the proposal, crypto miners will be mandated to estimate the electricity costs generated by any “electricity generating plant.”
BTC Miner Marathon Digital ends credit facility with troubled Silvergate Bank
The miner has prepaid its outstanding loan balance to Silvergate and would be ending the revolving line of credit facility between the firms.