Xapo Bank Makes History: Becoming the First Bank to Fully Integrate with USDC Stablecoin

Xapo Bank has achieved a groundbreaking milestone by becoming the first bank to fully integrate with the USDC stablecoin. This pioneering integration aims to provide users with greater flexibility, ease of use, and access to a wide range of financial…

Is CBDC Better than Crypto?

Crypto was once dismissed as a fad, and It was even labeled as magic internet money by skeptics.  The government and central banks started to notice when users started to pump billions and even trillions of US dollars into the…

Ripple CEO Confirms Company’s Financial Stability Despite Exposure to Collapsed Silicon Valley Bank

Ripple CEO Brad Garlinghouse has confirmed that the collapse of Silicon Valley Bank (SVB), a banking partner that held some of Ripple’s cash balance, will not disrupt its day-to-day business. Despite SVB’s collapse, Ripple remains in a strong financial position,…

Circle’s USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle, a U.S.-based stablecoin issuer, has come under scrutiny after it was revealed that the company held a portion of its USDC stablecoin’s cash reserves at Silicon Valley Bank (SVB) as of January 17th. This comes after SVB was taken…

Voyager received more than 100M$ USDC from Coinbase in the past 3 days – Lookonchain

Voyager is selling its crypto assets thought Coinbase USDC as suggested by onchain data from Lookonchain. On July 5th, 2022, Voyager Digital Holdings, Inc. and two related debtors voluntarily submitted petitions for Chapter 11 bankruptcy protection under the U.S. Bankruptcy…

Reserve Bank of India(RBI) Governor Mr.Das says Crypto must be banned and compares it to gambling

RBI (Central Bank) has been playing the ban game for a while and ruling against its citizens to have control over the Indian currency. They have gone to the extent of not allowing fiat to crypto transfer and even taxing…

Silvergate – Cryptocurrency-focused Bank is in a Pickle

Shares of Silvergate Capital, a crypto-focused bank, fell by 46% to $11.76 on Thursday after the company announced plans to lay off 40% of its staff, or approximately 200 employees. Silvergate has also halted its plans to launch a digital…

BIS Permits Banks to Hold 2% of Their Reserves In Cryptocurrency.

A policy allowing banks to hold 2% of their reserves in cryptocurrencies was recently introduced by the BIS in its Prudential Treatment of Cryptoasset Exposure report for December 2022. Banks to Hold 1% Maximum The policy, which covers a number…

Sam Bankman, FTX spread rumor that Binance is a Chinese company for his benefit – CZ

Recently CZ was interviewed by Susan from Fox Business and he was asked about his ties with China and the Chinese government. CZ confirmed that “I am a Canadian citizen for 33 years and I have no ties with the…

BlockFi Denies Rumors that FTX has Big Chunk of Its Assets.

The recent FTX collapse has shaken investors’ confidence in the cryptocurrency space and the fear is not surprisingly spreading to other companies.  BlockFi, a crypto trading and lending company, is now being hounded by reports that FTX and Alameda have…