Month: March 2023

Bitcoin Plunges Below $27K in CFTC-Binance Clash

Bitcoin Tumbles Below $27K as Market Prices Binance-CFTC Clash (Market Watch) The CFTC has filed a lawsuit against the world’s leading cryptocurrency exchange, Binance and its CEO Changpeng Zhao The 74-page long complaint includes allegations of violating regulations by accepting orders and facilitating trade involving multiple digital assets for customers within the US. As a […]

HSBC Acquires SVB UK for Just a Pound: Report

• HSBC Holdings is reportedly acquiring Silicon Valley Bank UK for £1 ($1.20). • SVB had loans of approximately $6.7 billion and deposits of around $8.1 billion as of March 10, 2023. • Noel Quinn – CEO of Britain’s biggest bank – commented that this acquisition makes excellent strategic sense for their business in the […]

G20 Takes Step Towards Crypto Regulations: IMF, BIS, and FSB to Develop Roadmap

• The G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting concluded with a strong commitment to regulations for the cryptocurrency sector. • The International Monetary Fund (IMF), Bank for International Settlements (BIS), and Financial Stability Board (FSB) have been tasked to come up with recommendations and a roadmap for regulating the cryptocurrency sector. • […]

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