EU could ban large stablecoins
Central banks should veto large stablecoins if they fear they could upend monetary policy, European Banking Authority (EBA) Chair José Manuel Campa said, CoinDesk reported. In the coming months, Campa…
Current Fed hiking cycle most severe in 35 years
The current period of monetary tightening by the US Federal Reserve is not only the fastest, but also the most severe ever, according to a graphic by Visual Capitalist. Such…
PacWest says has $15 billion of immediately available liquidity, investors still nervous
PacWest Bancorp has $15 billion of immediately available liquidity and enough resources to fund its cash flow needs over the next 12 months, it said on Thursday, but shares are…
Credit Suisse CDS Surge as Hedge Funds See Potential Trigger
By Laura Benitez, Erin Hudson and Luca Casiraghi May 11, 2023 at 4:53 AM GMT+4Updated onMay 11, 2023 at 5:29 AM GMT+4 An illiquid corner of swaps insuring Credit Suisse…
Tether Boosts T-Bill Holdings, Cuts Banks Exposure
By Emily Nicolle and Alberto Brambilla May 10, 2023 at 7:02 PM GMT+4CorrectedMay 11, 2023 at 12:49 AM GMT+4 Tether Holdings Ltd., the operator of the largest stablecoin, increased its…
US government reporedly sold 9819 BTC
The US government Bitcoin wallets are reported to be on the move, selling 9,819 BTC worth $264 million from their holdings. These assets apparently originated from the seizure of James…