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March 2023

Weekly Market Wrap: Bitcoin hovers around US$28,000 as banking concerns return. Will it hit US$30,000?

As banking contagion worries reignited, Bitcoin traded firmly above US$28,000 for most of the week. Considering that Bitcoin was made for a potential banking crisis, industry experts are eyeing the US$30,000 mark for BTC.

Bitcoin buoyed as bank busts spook investors

Top blockchain and crypto news: Banking woes boost Bitcoin. Arbitrum counts down to launch. Chinese billionaire faces US crypto scam charges.

Crypto needs to look abroad as US exchanges go unbanked

The fall of Silvergate, SVB and Signature has left crypto firms scrambling for new banks. Will crypto banking head offshore for the long term?

Weekly Market Wrap: Bitcoin rises above US$26,000, as ‘store of value’ narrative strengthens amid bank failures

As the U.S. banking system stared into the pit of bank runs and collapsing share prices, the authorities acted swiftly to try and pull everything back from the edge. However, Bitcoin seemed unperturbed. Is this what a safe haven looks like?

Another Crazy Week For Bitcoin

Bitcoin and other cryptocurrencies bounce back after a turbulent week for banks in the US and Switzerland.

Circle’s Disparte speaks on de-risking crypto from banking risks

The recent U.S. banks fallout is a stress test for both traditional finance and digital assets but to weather the storm side by side is a powerful opportunity, says Circle Chief Strategy Officer Dante Disparte.

A crisis of value?

Why the banking collapse could save NFTs.

Banks are bringing systemic risks to crypto, says Circle’s Disparte

The recent U.S. bank failures are proof that the banking system is introducing systemic risks to the crypto industry, not vice versa, says Circle chief strategy officer Dante Disparte.

Crypto banking crisis?

As the U.S. tries to head off a bank run, crypto is quickly running out of places to bank with.

Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk

Circle said its $3.3 billion of USDC cash reserves at the collapsed Silicon Valley Bank will be available Monday after regulators stepped in to backstop deposits.

Bank bust

Contagion, regulation worries grow after crypto bank’s demise

Silvergate teeters as regulators circle and crypto firms cut ties

Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.

CBDC: Boon Or Bane?

Critics fear CBDCs could mean the end of cryptocurrencies, and an increasing number of countries are racing to develop their own.

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Bitcoin, Ether, Forkast 500 NFT index rise; gold nears year-high over banking sector concerns

Bitcoin rebounds above US$28,000 as equities gain in U.S. on Treasury easing bank worries

Bitcoin tracks equities lower on downbeat Fed, Treasury comments on banks

Bitcoin treads water, other crypto retreat ahead of U.S. Fed’s decision on interest rates

New York Community Bancorp unit to assume Signature Bank deposits, FDIC says

Bitcoin leads crypto rally as central banks promise liquidity to stem rising bank risk

Bitcoin, Ether rise; relief for investors as major banks get liquidity lifeline

Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks

Bitcoin, Ether drop, other top cryptocurrencies retreat as bank liquidity concerns rise

New York regulator says Signature Bank closure ‘nothing to do’ with cryptocurrencies: Reuters

Bitcoin, Ether continue run up; Solana, Dogecoin lead gainers; U.S. equities rebound

Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River

U.S. regulators shutter Signature Bank, lender to Paxos, Coinbase, citing systemic risk

Kraken to launch U.S. crypto bank amid regulatory headwinds

Australia’s central bank identifies CBDC use cases as it prepares pilot launch

March 2023

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Australia’s central bank identifies CBDC use cases as it prepares pilot launch

March 2023

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Australia’s central bank identifies CBDC use cases as it prepares pilot launch

South Korea’s Shinhan Bank starts ‘metaverse’ services, according to local media

December 2022

Temperatures rise over alleged Celsius withdrawals ahead of bankruptcy

Top blockchain and crypto news: Celsius founder in hot water. European bank woes cast crypto shadow. Will BSN’s Chinese roots thwart its global ambitions?

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South Korea’s Shinhan Bank starts ‘metaverse’ services, according to local media

Fed’s top bank watchdog eyes new regulation for banks doing crypto

BNY Mellon, largest custodian bank, starts Bitcoin, Ether custody services

October 2022

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BNY Mellon, largest custodian bank, starts Bitcoin, Ether custody services

Japanese banking giant Nomura’s crypto unit to be based in Switzerland

September 2022

Reality intrudes: How TradFi banks can help build the metaverse economy

The crypto winter may have chilled many in Web3, but metaverses are an increasingly hot prospect in traditional finance, says DBS Bank’s legal chief

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Japanese banking giant Nomura’s crypto unit to be based in Switzerland

EU seeks to limit banks’ crypto exposure

Fed issues guidelines for crypto banks to enter central banking system

FDIC clarifies that cryptocurrencies are not insured

S.Korea Busan Bank employee allegedly embezzles US$1.1 mln to invest in Bitcoin

August 2022

Financial Stability Board calls for high regulatory standards for stablecoins

The failure of a crypto market player may have spillover effects on traditional finance such as short-term funding markets, says the Basel-based international body.

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S.Korea Busan Bank employee allegedly embezzles US$1.1 mln to invest in Bitcoin

Japanese bank SMBC plans to develop NFT business

Taiwan says credit cards can’t be used to buy crypto

July 2022

How blockchain is banking the unbanked | The Great Disruption Ep. 07

Most banks offer short-term loans for emergency situations. But what about the 1.7 billion adults around the world with no access to banking services? Can blockchain offer an alternative solution? Find out in this Forkast video explainer.  What you’ll learn: How lack of banking infrastructure affects underdeveloped regions. How blockchain can democratize access to banking […]

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Taiwan says credit cards can’t be used to buy crypto

Australia’s ANZ stablecoin used to purchase carbon credits

RBI, India banks launch blockchain-based trade financing project

June 2022

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RBI, India banks launch blockchain-based trade financing project

Australia’s Commonwealth Bank slams brakes on crypto services

S.Korean KakaoBank considers crypto exchange partnerships

May 2022

World Bank rescue package throws lifeline to crypto markets

Top blockchain and crypto news: Crisis response brings crypto relief. North Korea’s Lazarus Group named in Ronin hack. NFTs face new risks in China.

Could CBDCs help banks make DeFi irrelevant?

Unregulated and fragmented, DeFi remains niche, writes John Mitchell of Episode Six. Here’s how programmable money can help banks do what decentralized finance is doing.

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S.Korean KakaoBank considers crypto exchange partnerships

India’s crypto exchanges switch to P2P, bank transfers

China’s industry lobbies join NFT bashing chorus

First S.Korean bank issues crypto accounts for corporations

South Korean banks seek green light on crypto

April 2022

Korean exchanges block Russians; Crypto’s role in conflict

As the war in Ukraine enters it’s second week, we take a look at how cyptocurrencies and digital assets can play a role in a conflict.

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South Korean banks seek green light on crypto

Hong Kong’s flagship bank HSBC heads into The Sandbox metaverse

March 2022

Pakistan’s crypto warning; Indian banks’ crypto reluctance

Pakistan’s State Bank governor warns crypto’s risks, also in India, banks show crypto reluctancy.

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Hong Kong’s flagship bank HSBC heads into The Sandbox metaverse

South Korea’s largest financial group mulls crypto ETFs

February 2022

This is what DeFi banking will look like in the future

Traditional banks are not going away and decentralized finance is here to stay, writes Edan Yago of Sovryn. Here’s how an amalgam of the two can take shape.

Ignore the rise of Web3 credit unions at your peril

Today’s consumers are looking for more equitable financial services, writes Sean Rach of hi. Here’s how blockchain can offer a nonprofit banking alternative.

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South Korea’s largest financial group mulls crypto ETFs

Pakistani bank to customers: halt crypto transactions

January 2022

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Pakistani bank to customers: halt crypto transactions