Category: News
The US Federal Reserve Funding Program Can Aid Banks With $2 Trillion – JP Morgan Chase
Meta description: The BTFP, an emergency funding support system by the Federal Reserve, can potentially inject up to $2 trillion into the US banking system,…
Steady Advancements In Digital Payments Would Help Expand Financial Inclusion In Emerging Markets – BlackRock CEO
Larry Fink, the CEO of BlackRock, the US-based investment firm, recently highlighted the benefits of digital payments. The CEO noted that the asset management industry…
Here’s Why the Credit Suisse Crisis Is Affecting the Crypto Market
The well-publicized struggles of Credit Suisse have been the topic of discussion among investors and industry experts in the past few weeks. This comes after…
First Republic Bank Slides To B2 From Baa1 After Moody’s New Rating
Moody’s Investors Service has recently downgraded First Republic Bank’s credit rating from Baa1 to B2. This is a significant downgrade for the bank, which has…
Research Shows CBDC Transactions Will Reach $213B By 2030
According to new research, payments involving central bank digital currency (CBDC) is expected to double by 2030 and reach $213 billion yearly. The researchers noted…
Coinbase Engages Australia’s Banking Officials To Discuss Local Cryptocurrency Regulations
Executives from Coinbase have been meeting privately with the Reserve Bank of Australia and Treasury executives to explore the future of cryptocurrency legislation in the…
Formfunction NFT Marketplace To Shut Down On March 29th; Here’s Why
Formfunction, a Solana-based NFT marketplace, intends to shut down amid a decline in NFT trading volume and prices. The NFT platform recently announced that it…
US Banks Unite To Inject $30 Billion Into Struggling First Republic Bank
In a remarkable show of solidarity, a consortium of America’s biggest banks has injected a multi-billion dollar recovery fund deal into the struggling First Republic…
Bitcoin Price Resilient Amidst Deepening Banking Crisis
The banking crisis has sent shockwaves through the financial markets, with three banks already shut down and Credit Suisse on the brink of collapse. Investors…
Privacy-Based Blockchain Protocol Aztec Shuts Down Aztec Connect
Aztec Network, the privacy-based blockchain platform, recently announced that it plans to shut down its privacy infrastructure which serves as Ethereum’s encryption layer. The network’s…
