Standard Chartered and Deutsche Bank Complete SWIFT Substitute Trial
The trial involved real-time transfers and swaps of synthetic USDC and EURS to wallets owned by Deutsche Bank.
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The trial involved real-time transfers and swaps of synthetic USDC and EURS to wallets owned by Deutsche Bank.
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
The FDIC said early estimates showed that Silicon Valley Bank's failure cost its Deposit Insurance Fund around $20 billion.
Signet, the payment network widely used by Web3 businesses, still remains under the FDIC control.
Signature Bank has found a buyer after a week long financial odyssey, the New York Community Bancorp, Inc.
Things are not going well for Anchorage Digital. The crypto bank just announced a 20% cut in its staff, citing regulatory uncertainty.
The company did not say whether it plans to submit a bankruptcy filing.
A stablecoin is a cryptocurrency that has its prices pegged to that of different assets, often to fiat currencies.
German cryptocurrency-focused bank Nuri has revealed that it has filed for bankruptcy, citing the protracted crypto winter. Customers' access to ...
Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.”