financial institutions
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Deloitte’s Cryptocurrency Recruitment: What It Means for You
According to reports, Deloitte, one of the four major accounting firms, has released hundreds of recruitment information related to cryptocurrencies. Recent events on LinkedIn and
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Federal Reserve Bank of New York Restricts Counterparty Standards in the Reverse Repurchase Program
On April 26, it was reported that on Wednesday, the Federal Reserve Bank of New York (NY Fed) restricted the counterparty standard of its reverse repurchase program (RRP), which ma
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The State of Bank Deposits in the USA: Implications of Moody’s Downgrades
It is reported that bank deposits in the United States fell again last week. At the same time, Moody\’s, a rating agency, downgraded the ratings of 11 regional banks, including U.S.
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Managing Risks Related to Artificial Intelligence in Banking: Insights from Federal Reserve Governor Waller
According to reports, Federal Reserve Governor Waller stated on April 20th that as more and more financial institutions use artificial intelligence for customer service application
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National Bank of Canada Increases Its Holdings in MicroStrategy
According to reports, the National Bank of Canada has disclosed the latest information that the sixth largest bank in Canada has increased its holdings in MicroStrategy, with a cur
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How MicroStrategy Profited From Bitcoin’s Latest Price Surge
On April 11th, it was reported that as the price of Bitcoin broke through the $30000 threshold, MicroStrategy\’s previous investment of approximately $4.17 billion in 140000 Bitcoin
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The Introduction of Ethereum Pledge Services by Incore Bank
On April 8th, Incore Bank, a financial bank headquartered in Zurich, Switzerland, announced that it will provide customers with Ethereum pledge services. The bank stated that custo
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Table of Contents
On April 7th, it was reported that Revolut, a digital banking application headquartered in the UK, has grouped over 100 tokens based on corresponding underlying technologies.
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Ava Labs Launches Avalanche Evergreen Subnet: A New Set of Blockchain Deployment Services for Financial Institutions
It is reported that Ava Labs announced the launch of Avalanche Evergreen subnet, which will be a set of institutional blockchain deployment services and tools specially designed fo
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Tightening Cryptocurrency Regulations in the US: Implications for Financial Institutions
According to reports, the Financial Times believes that US regulators have taken action to tighten controls on financial institutions\’ cryptocurrency related businesses. In January
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Fed’s Discount Window Borrowing Fell by $22.1 Billion in the Week Ending Wednesday
According to reports, Nick Timiraos, the \”Fed mouthpiece,\” tweeted that in the week ending Wednesday, borrowing at the Fed\’s discount window fell by $22.1 billion to $88.2 billion.
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Kraken Submits Pre-Registration Commitment to the Canadian Securities Authority
According to reports, Kraken, a crypto exchange, has submitted a pre registration commitment to the Ontario Securities Commission of Canada, and has committed to complying with str
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XRP Price Surges: What This Means for Cryptocurrency Investors
On March 28th, the market showed that the price of XRP broke through $0.5, temporarily reported at $0.505, with a cumulative increase of 10.5% today; Over the past week, XRP prices
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Founder of Quantum Economics: US crackdown on cryptocurrencies may have a negative impact on the US dollar
According to reports, Mati Greenspan, founder of Quantum Economics, believes that US regulators have been unfriendly to cryptocurrencies \”from the beginning.\”. Recently, the collap
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SpankPay Shutdown: The End of an Era in Cryptographic Payment Services
On March 21, it was announced that SpankPay, a cryptographic payment service owned by Spankchain, would shut down after its upstream payment processor, Wyre Payments, terminated it
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People’s Bank of China reduces deposit reserve ratio
It is reported that the People’s Bank of China has decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on March 27, 2023 (excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions is about 7.6%. The People’s Bank of China has decided to reduce the deposit reserve ratio of financial institutions on March 27, 2023 Analysis based on this information:The People’s Bank of China has made the decision to lower the deposit reserve ratio of financial institutions by 0.25 percentage points, effective March 27, 2023. This move is anticipated to boost lending and stimulate economic growth in the country. However, financial institutions that have already implemented a 5% deposit reserve ratio are excluded from this reduction, so their ratio will remain the same. The deposit reserve ratio is the percentage of customer deposits that a bank must hold in reserve and…
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FDIC to Sell Silicon Valley Bank and Signature Bank
According to reports, people familiar with the matter disclosed that the regulators of the Federal Deposit Insurance Corporation (FDIC) of the United States required financial institutions interested in acquiring bankrupt Silicon Valley Bank and Signature Bank to submit bids before March 17 (Friday). The goal is to sell both Silicon Valley Bank and Signature Bank. If it cannot be sold as a whole, it is also possible to consider selling a portion of the equity interests of the two banks. Insider: Signature buyer must agree to abandon all encryption business of the bank Analysis based on this information:The Federal Deposit Insurance Corporation (FDIC) is reportedly looking to sell Silicon Valley Bank and Signature Bank, and a deadline of March 17 has been set for financial institutions to submit their bids. The FDIC is regulating the sale of both banks, and it is expected that the process will be completed in the near future. It is not clear why the FDIC…
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Silicon Valley Bank and SVB Financial Downgraded by S&P
It is reported that the rating agency S&P downgraded the rating of the Bank of Silicon Valley to D, that is, the \”default\” rating, and then withdrew the ra…
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Bittrex Transfers Customer Deposits following Silvergate Bank Closure
It is reported that Bittrex, a cryptocurrency exchange headquartered in Seattle, announced that, in view of the recent announcement by Silvergate Bank that the…
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Reserve Bank of Australia Initiates Projects for Use Cases of Digital Dollar eAUD
It is reported that the Reserve Bank of Australia has disclosed a series of projects that will develop use cases for digital dollar eAUD in the ongoing testing…