First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 en mars 12, 2023, à 7:20 après-midi. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

Vendredi, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the

Bank of New York Mellon: ‘Clients Are Absolutely Interested in Digital Assets’

Bank of New York Mellon (BNY Mellon) has revealed that its clientsare absolutely interested in digital assets.Emphasizing the need for clear crypto regulation, the bank’s head of digital assets noted: “We need responsible actors who can offer reliable services

Circle s'associe à New York Community Bancorp - Bank to Custody USDC Reserves

Circle Internet Financial a révélé un partenariat de dépôt de pièces en dollars américains avec la société de portefeuille bancaire américaine New York Community Bancorp (NYCB). Selon le contrat, NYCB’filiale, Banque communautaire de New York, deviendra dépositaire de l'entreprise’s réserves de pièces stables. Circle Partners

BNY Mellon exhorte l'Irlande à adopter les règles de cryptographie avant les réglementations de l'UE, Rapport révèle

Alors que les autorités de l'UE discutent toujours de la réglementation de la crypto-monnaie à l'échelle de l'Union, un grand américain. la banque aurait fait pression sur le gouvernement irlandais pour qu'il adopte ses propres règles pour l'espace. BNY Mellon launched its digital asset business in Ireland this year to