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What is US' Stablecoin-Focussed GENIUS Act: Everything to Know
The US stablecoin bill has advanced to the House of Senate for the final approval. Dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, this legislation aims to set clear rules around the issuing and management of stablecoins in the US. Â
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US Banks Permitted to Offer Crypto Custody and Management Services, OCC Confirms
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
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Panic After Bank Of America Customers See Zero Balance In Their Accounts. Here's What Happened
Some users who managed to access their accounts found their balances displayed as $0, sparking widespread alarm and concern.
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Bitcoin Retains Profits, Several Altcoins Record Dips Amid Crypto Fluctuation
The overall crypto market valuation managed to grow by 0.37 percent in the last 24 hours. While BTC recorded minor gains, ETH settled with a negligible loss, dividing the crypto charts into two parts. Stablecoins recorded gains alongside BTC whereas Polkadot and Polygon recorded price dips. Experts continue to advise crypto investors to exercise ca...
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Bitcoin at Over $27,000 Hits Peak Price So Far in 2023, Altcoins See Small Losses
The failing of three centralised banks in the US this month, has added to the popularity of cryptocurrencies. Bitcoin and Ether, both have risen in values significantly over the last few days. On Monday, March 20, several cryptocurrencies incurred miniscule losses, despite which, they managed to retain their spiked prices.
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"From Nestle's Kolkata Branch Manager To...": Huge Praise For Ajay Banga
Top leaders from across the world including IMF chief Kristalina Georgieva heaped praises on Indian American Ajay Banga, who has been nominated by US President Joe Biden to lead the World Bank.
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Binance's US Partner Confirms Role of Trading Platform in Operating CEO Zhao's Firm
The USÂ partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. Reuters reported on Thursday that Binance had secret access to a bank account belonging to its purportedly independent USÂ partner and transferred large sums of money from the ...
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Binance Moved $400 Million From US Partner to Trading Firm Managed by CEO Zhao, Records Show
Binance, the world's most prominent crypto exchange, transferred large sums of money over the first three months of 2021 from a secret bank account that belonged to its purportedly independent US partner, to a trading firm that is managed by Binance CEO Changpeng Zhao, according to banking records and company messages.
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RBI May Effect One More Rate Hike, Repo Rate May Rise To 6.5%: Uday Kotak
Kotak Mahindra Bank Managing Director Uday Kotak said that the US Federal Reserve's decision on interest rates this month will be a signal for other central banks.
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Nobel Economics Prize To 3 US Economists For Global Banking Crisis Management
A trio of US economists including Former Federal Reserve chief Ben Bernanke won this year's Nobel Economics Prize on Monday.
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Federal Reserve Issues Additional Guidelines for Banks Considering Crypto Activities
The US Federal Reserve has issued additional guidance for banks considering crypto activities. The firms are needed to make sure they had systems in place beforehand to ensure the volatile assets did not threaten safety and soundness or consumer protections. Banks should also have adequate risk management systems and controls in place before gettin...
-
Bitcoin May Face Regulatory Scrutiny After Record-Breaking Rally, Experts Say
With Bitcoin capturing greater attention, it could also garner further scrutiny from regulators, says Guy Hirsch, managing director for the US at online-trading platform eToro.
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US Bank Branch Manager Admits Stealing $5,00,000 From Elderly Customers
An Alexandria, Virginia, bank branch manager pleaded guilty Monday to stealing more than $500,000 from older customers after gaining their trust to personally handle their transactions.
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Jet Airways Crisis Worsens, Pilots Threaten Strike From April 1: 10 Points
Jet Airways' pilots have threatened to stop flying from April 1 if the cash-strapped airline does not have a rescue plan in place by March 31, a trade union said on Tuesday. The airline's pilots union has also said that it seeks a proper roadmap from the airline by March 31 on paying their overdue salaries. "We have decided that either the manageme...
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India's Stocks Hostage to US Fed Rate Cycle, Says Mutual Fund Giant
While the U.S. central bank's influence on emerging assets is hardly an unknown phenomenon, India's $2 trillion stock market has also been whipsawed in recent months by homegrown narratives.
-
What is US' Stablecoin-Focussed GENIUS Act: Everything to Know
The US stablecoin bill has advanced to the House of Senate for the final approval. Dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, this legislation aims to set clear rules around the issuing and management of stablecoins in the US. Â
-
US Banks Permitted to Offer Crypto Custody and Management Services, OCC Confirms
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
-
Panic After Bank Of America Customers See Zero Balance In Their Accounts. Here's What Happened
Some users who managed to access their accounts found their balances displayed as $0, sparking widespread alarm and concern.
-
Bitcoin Retains Profits, Several Altcoins Record Dips Amid Crypto Fluctuation
The overall crypto market valuation managed to grow by 0.37 percent in the last 24 hours. While BTC recorded minor gains, ETH settled with a negligible loss, dividing the crypto charts into two parts. Stablecoins recorded gains alongside BTC whereas Polkadot and Polygon recorded price dips. Experts continue to advise crypto investors to exercise ca...
-
Bitcoin at Over $27,000 Hits Peak Price So Far in 2023, Altcoins See Small Losses
The failing of three centralised banks in the US this month, has added to the popularity of cryptocurrencies. Bitcoin and Ether, both have risen in values significantly over the last few days. On Monday, March 20, several cryptocurrencies incurred miniscule losses, despite which, they managed to retain their spiked prices.
-
"From Nestle's Kolkata Branch Manager To...": Huge Praise For Ajay Banga
Top leaders from across the world including IMF chief Kristalina Georgieva heaped praises on Indian American Ajay Banga, who has been nominated by US President Joe Biden to lead the World Bank.
-
Binance's US Partner Confirms Role of Trading Platform in Operating CEO Zhao's Firm
The USÂ partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. Reuters reported on Thursday that Binance had secret access to a bank account belonging to its purportedly independent USÂ partner and transferred large sums of money from the ...
-
Binance Moved $400 Million From US Partner to Trading Firm Managed by CEO Zhao, Records Show
Binance, the world's most prominent crypto exchange, transferred large sums of money over the first three months of 2021 from a secret bank account that belonged to its purportedly independent US partner, to a trading firm that is managed by Binance CEO Changpeng Zhao, according to banking records and company messages.
-
RBI May Effect One More Rate Hike, Repo Rate May Rise To 6.5%: Uday Kotak
Kotak Mahindra Bank Managing Director Uday Kotak said that the US Federal Reserve's decision on interest rates this month will be a signal for other central banks.
-
Nobel Economics Prize To 3 US Economists For Global Banking Crisis Management
A trio of US economists including Former Federal Reserve chief Ben Bernanke won this year's Nobel Economics Prize on Monday.
-
Federal Reserve Issues Additional Guidelines for Banks Considering Crypto Activities
The US Federal Reserve has issued additional guidance for banks considering crypto activities. The firms are needed to make sure they had systems in place beforehand to ensure the volatile assets did not threaten safety and soundness or consumer protections. Banks should also have adequate risk management systems and controls in place before gettin...
-
Bitcoin May Face Regulatory Scrutiny After Record-Breaking Rally, Experts Say
With Bitcoin capturing greater attention, it could also garner further scrutiny from regulators, says Guy Hirsch, managing director for the US at online-trading platform eToro.
-
US Bank Branch Manager Admits Stealing $5,00,000 From Elderly Customers
An Alexandria, Virginia, bank branch manager pleaded guilty Monday to stealing more than $500,000 from older customers after gaining their trust to personally handle their transactions.
-
Jet Airways Crisis Worsens, Pilots Threaten Strike From April 1: 10 Points
Jet Airways' pilots have threatened to stop flying from April 1 if the cash-strapped airline does not have a rescue plan in place by March 31, a trade union said on Tuesday. The airline's pilots union has also said that it seeks a proper roadmap from the airline by March 31 on paying their overdue salaries. "We have decided that either the manageme...
-
India's Stocks Hostage to US Fed Rate Cycle, Says Mutual Fund Giant
While the U.S. central bank's influence on emerging assets is hardly an unknown phenomenon, India's $2 trillion stock market has also been whipsawed in recent months by homegrown narratives.
