The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago. The emergency lending program — known as the Bank Term Funding […]
The largest cryptocurrency by market capitalization was recently trading at around $28,800, down 0.3% in the past 24 hours, according to CoinDesk data. BTC slid below $29,000 Thursday morning as U.S. stock markets opened, and […]
Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision […]
Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how […]
Other, smaller-circulation stablecoins lost their pegs, too, including BUSD, issued by Paxos, and crypto-backed stablecoin DAI, issued by MakerDAO. Only USDT seemed to benefit from the turmoil, briefly exceeding $1, most likely because of investors […]
The United States Senate Banking Committee held a hearing March 28 on the regulatory response to recent bank failures. Officials from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve and Treasury testified. FDIC chair Martin […]
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