Bitcoin’s decline to a monthly low of $75,000 has intensified market jitters, with broader cryptocurrency losses following the US Senate’s rejection of the CLARITY Act.
Tag: Bank
U.S. Federal Reserve Raises Benchmark Interest Rates by 25 Basis Points After Three-Year Pause
The U.S. Federal Reserve has increased its benchmark federal funds rate by 25 basis points to a target range of 3-3/4 to 4 percent, marking
FDIC and FRB Publish Feedback on 2025 Resolution Plans, Find No Shortcomings
The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board (FRB) have released feedback on resolution plans submitted by 15 major banking organisations in
Bank of Japan Raises Interest Rates to 1.25%, Highest in 31 Years
The Bank of Japan (BOJ) has raised its benchmark interest rate to 1.25%, the highest level in three decades, in a move aimed at curbing
Bitcoin Struggles to Break $80,000 Amid Low Volatility Ahead of Key Economic Events
Bitcoin has remained below the $80,000 threshold despite intermittent upward momentum, with market participants citing subdued implied volatility as traders await pivotal economic data. Options
Uzbekistan Launches Pilot for Som-Pegged Stablecoin Backed by Government Securities
The government of Uzbekistan has initiated a pilot programme to test a stablecoin pegged to the national currency, the Uzbek som, with backing from government
U.S. Bank Completes Cross-Border Payment Using Proprietary Stablecoin on Stellar Blockchain
U.S. Bank has successfully executed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain, marking a key milestone in its exploration
Block Applies for Fed-Regulated Trust Bank to Custody Crypto Assets
Block, the payments company founded by Jack Dorsey, has applied to the Office of the Comptroller of the Currency (OCC) to establish Builders Bank &
Italy’s Central Bank Mandates Sanctions Screening for Crypto Transfers to Curb Illicit Flows
Italy’s central bank has required cryptocurrency asset service providers to implement measures to enforce EU financial sanctions on crypto transfers, targeting illicit flows linked to
Diameter Pay Raises $10 Million in Series A Funding for Stablecoin Payments Infrastructure
Diameter Pay, a stablecoin payments infrastructure firm, has secured $10 million in Series A funding led by CMT Digital and Lightspeed Faction. The round, which
