South Korea’s leading crypto exchanges are ready to renew their banking deals – in a sign that relations between the “big four” trading platforms and the traditional financial sector remain strong.
The UK will ramp up oversight of the crypto sector with tax forms sent out to individuals now set to include a separate reporting option for crypto assets.
The market capitalization of the popular stablecoin tether (USDT) has risen as other stablecoins, including Circle’s USD coin (USDC) and MakerDAO’s DAI briefly lost their pegs over the weekend.
Crypto companies are moving their money from banks to asset managers as the turmoil in global banks continue, but industry insiders don’t see the bank failures as the end of banking for the crypto sector.
Major crypto exchange Binance has halted deposit and withdrawal services through bank transfers and card payments for customers in the UK after its partner, London-based online payments firm Paysafe, cut off support for transactions carried out in the British pound (GBP).
Spanish football (soccer) is suffering a “crypto hangover,” a new report has claimed – with many La Liga clubs left with “defaults, complaints, and an experience to forget” after partnerships with crypto sponsors soured.
The US Justice Department has probed the two major trading firms Jump Trading and Jane Street about plans for a potential bailout of the Terra network’s failed algorithmic stablecoin TerraUSD (UST).
A Russian lawmaker has called for the legalization of crypto mining and has claimed that bringing mining out of a “grey” legal sphere as soon as possible will benefit both miners and the government.
Financial services giant Nomura now believes the Federal Reserve is done with interest rate hikes and that it could even cut rates at its meeting next week.
The popular stablecoin USDC has regained its $1 peg price after regulators in the US assured that depositors in Silicon Valley Bank (SVB) can access their money today.
Financial markets have been engulfed with fear in recent days, as fears that a tumultuous sequence of banking crises could become a contagion in the sector.
Yet another crypto-friendly bank has gone down with the collapse of New York-based Signature Bank. But according to the industry, crypto now cannot be stopped.