financial system
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Central Bank of Nigeria Fines United Bank for Violating Cryptocurrency Regulations
It is reported that the Central Bank of Nigeria (CBN) imposed a fine of 200 million naira (about 433000 US dollars) on United Bank (UBN) because the bank violated the country\’s reg
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Bank of England Vice-President Supports Work on Central Bank Digital Currency
According to reports, Bank of England Vice President Canliffe has expressed support for more work in the central bank\’s digital currency sector. 90% of people use contactless credi
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Promoting the Development of Web3: A Necessary Step for Hong Kong’s Financial System
According to reports, the Financial Secretary of Hong Kong, Chen Maobo, stated that promoting the development of the third generation internet (Web3) is necessary as long as it doe
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The Federal Reserve’s balance sheet has been shrinking for two consecutive weeks, with a total reduction of nearly $100 billion
On April 10th, according to the latest data on the Federal Reserve\’s official website, as of April 4th, the size of the Federal Reserve\’s balance sheet was $8.632 trillion, a decre
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The Global Banking Crisis Triggered by the Collapse of Silicon Valley Bank (SVB)
According to reports, the global banking crisis triggered by the collapse of Silicon Valley Bank (SVB) has plunged industry giants into legal difficulties. According to reports, KP
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Standard & Poor’s Global Recruits DeFi Supervisor to Develop DeFi Strategies
According to reports, recruitment information shows that Standard&Poor\’s Global is recruiting a DeFi supervisor to successfully establish and execute a DeFi team strategy. This pos
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Unlocking of DeFi Tokens Worth More Than $75 Million in April: A Look at 5 Tokens
On April 2nd, according to DeFiLlama data, in April, five tokens, APT, APE, DYDX, LOOKS, and GLMR, with a total value of more than $75 million, will be unlocked, including: 12.5 mi
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Bitcoin Logo Projection on European Central Bank Building: A Turning Point in the Crypto World
According to reports, Bitcoin News reported on social media that there was a projection of a giant Bitcoin LOGO on the European Central Bank building.
Projection of a giant Bitcoin -
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It is reported that the Ministry of Finance of Japan is coordinating the establishment of a new Central Bank Digital Currency (CBDC) expert group, which could be established as ear
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#The FDIC’s Expenditure and the Process of Handling Bank Failure
According to reports, Federal Deposit Insurance Corporation (FDIC) Chairman Martin Glenberg said on March 27th local time that the FDIC spent $20 billion to handle the bank failure
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The Rise of Cryptocurrency Amidst Global Economic Uncertainty
On March 27th, Cathie Wood, CEO of Ark Invest, said in a recent interview that people\’s concerns about bank balance sheets illustrate the risks of the central banking system. On th
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Monetary Authority of Singapore: Ready to provide liquidity to ensure stability, Credit Suisse clients will continue to have full access rights
According to reports, the Singapore Monetary Authority has stated that it is prepared to provide liquidity to ensure stability, and Credit Suisse customers will continue to have full access rights. The domestic financial system will continue to be closely monitored, and UBS’s main business in Singapore is not retail. The Credit Suisse incident will not affect the stability of Singapore’s banking industry. Currently, Credit Suisse continues to operate continuously in Singapore. During the takeover process, close contact will be maintained with the Swiss Financial Market Supervision Authority, Credit Suisse and…
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Governor of the Central Bank of India: The US banking crisis clearly demonstrates the risks posed by cryptocurrencies to the financial system
According to reports, Shaktikanta Das, governor of the Reserve Bank of India, has warned about the risks cryptocurrencies pose to the financial system. The ongoing US banking crisis has made people aware of the importance of strong regulators and sustainable growth, and has clearly demonstrated the risks of private cryptocurrencies to the financial system. The US banking crisis indicates the “need for prudent asset liability management”. (NewsBitcoin) Interpretation of this information: The governor of the Reserve Bank of India, Shaktikanta Das, has recently issued a warning about the potential risks…
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US banking deposits fell by $54 billion in a week before the collapse of Silicon Valley banks
According to reports, in the week before the collapse of three banks triggered global financial turmoil, deposits in the US banking industry had continued to decline. According to data released by the Federal Reserve on Friday, bank deposits decreased by $54.4 billion to $17.6 trillion in the week ended March 8. Deposits have fallen by about $500 billion from the peak set in April last year, exacerbating the pressure on the financial system. After the collapse of Silicon Valley banks and two other banks, the Federal Reserve’s weekly report on…
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Ripple CEO: Ripple has some exposure to Silicon Valley banks, and its daily business is not affected
It is reported that Ripple CEO Brad Garling house tweeted that Ripple has some exposure to Silicon Valley banks. Silicon Valley Bank is Ripple’s banking partner and holds part of Ripple’s cash. However, Ripple’s daily business is not expected to be disturbed, and most of the dollars are deposited in other banks. In addition, Ripple’s financial position remains stable. Recent events have highlighted the fragility of the financial system. Interpretation of this information: The tweet by Ripple CEO Brad Garlinghouse indicates that Ripple has some exposure to Silicon Valley banks,…