Despite the disastrous debt limit issue, US Federal Reserve officials are considering more rate rises, including the presidents of the Federal Reserve Banks of Minneapolis and St. Louis. The debt limit agreement will affect the price of Bitcoin because the US Treasury will issue government bonds to replenish funds depleted
President Joe Biden said at the G7 summit that he had discussed the need for a bipartisan accord with all four congressional leaders before leaving for the trip. Biden has said that the Republican plan is not acceptable. Biden specifically mentioned cryptocurrency while stating that he would not support a
On Thursday, Western Alliance Bank, the latest bank to be alleged to be approaching collapse amid mounting pressure on the US banking system, released a statement. Bank executives denied seeking buyers and claimed they had no plans to employ an outside consultant to evaluate strategic alternatives. The announcement was made
In a speech held on Thursday at CoinDesk’s Consensus 2023 conference, a top compliance employee stated that Binance has discovered a way to keep North Koreans away from its crypto exchange. The head of financial crime compliance at Binance, Tigran Gambaryan, emphasized the exchange’s efforts. He declared that his 700-member
Hong Kong is a global leader in the areas of crypto, web 3.0, and decentralized finance. The special administrative region’s goals and policies are consistent with its vision of becoming a technological center. ZA Bank, a regional institution, recently announced that it will support fiat and cryptocurrency transactions and provide
In a recent tweet, US Senator Elizabeth Warren has again shown her anti-crypto position. Warren hasn’t been shy about how much she despises the crypto sector. She said that the FTX exchange’s demise should serve as a wake-up call for the US Department of Justice, the Securities and Exchange Commission,
The inherent nature of the failure of Silicon Valley Bank and its effects on the stock market over the past week have not yet been solved. Investors and authorities have switched their attention from the United States to Europe. Credit Suisse led a selloff of bank shares after its largest
To counter cryptocurrency theft and cyberattacks from North Korea, South Korea has declared its first set of unilateral restrictions. As reported by the Seoul Ministry of Foreign Affairs. Four North Korean people and seven firms have been blacklisted for their suspected participation in cyberattacks and crypto theft. Notable people including
New York regulators are reportedly investigating Paxos, the firm that issues the BUSD and USDP stablecoins. The Pax dollar (USDP) and Binance USD (BUSD), a stablecoin with the Binance name that is made available through a white-label service, are examples of Paxos’ stablecoins. Recent allegations about the federal bank regulator,
China blames the United States for crippling other nations with their debt. With a soaring $31.5 trillion debt – the new all-time high statutory debt ceiling, the United States is at the epicenter of accusations. One among those is China’s blast off against the US for “sabotaging” other nations’ measures.
