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” Korean regulators investigate banks over $6.5B tied to Kimchi premium “ South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an Aug. 15 report from Asia Times, the Financial Supervisory Service (FSS) ordered an investigation into…
” Fed to issue long-awaited guidelines for granting master accounts to crypto banks “ The United States Federal Reserve Board announced Monday that it had finalized its guidelines for the factors reserve banks are to consider when reviewing requests for Federal Reserve accounts and payment services. The guidelines create a three-tiered review framework with the…
” German crypto bank Nuri with 500K users files for insolvency “ Nuri, a German start-up crypto bank with 500,000 customers filed for insolvency on Aug. 9, citing major crypto sell-offs, insolvency of Celsius and other crypto funds earlier this year as a reason for the move. The crypto bank said the move will “ensure…
“A NYC school diploma isn’t worth the paper it’s written on” When renowned economist and education innovator Roland Fryer served at the School Board of Massachusetts and attended a public meeting to close a failing school, a black mother walked up to him and told him that the school was a good school. “No, ma’am,” said Fryer,…
” Voyager received better buy-out offers than FTX’s, set to return $270M to customers “ Beleaguered crypto lender Voyager Digital Holdings says it has received a number of “higher and better” buy-out offers than that offered by AlamedaFTX back in July, contrary to the investment firm’s continued public statements. The company has also just been…
“Biggest investing and saving mistakes 30-somethings make” While there are a lot of things you can do with your money, the right move at the wrong time is still the wrong move. In this piece, I unpack the key things you should be focused on in your thirties to be smart with your money. Build…
” Board urges Bank of Central African States to introduce common digital currency: Report “ The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly…
” 56% of banks say DLT and crypto are ‘not a priority’ in near future — Fed survey “ A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future. According to…
” Ethereum price risks ‘bear flag’ breakdown, 20% drop against Bitcoin “ Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator. Ethereum price risks technical breakdown The ETH/BTC chart…
” US Treasury study finds CBDCs a plus for commercial bank stability “ The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research. This finding counters concerns that a CBDC may encourage runs…