Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the worlds largest financial institutions are exposed to roughly €9.4 milijarde (US$9 billion) in crypto assets. The research paper authored by the Basel Committees secretariat Renzo Corrias further......

Spanish Soccer League Laliga Partners With Globant to Support New Web3 and Metaverse Initiatives

Laliga, the premier soccer league organization in Spain, has announced a partnership with Globant, an Argentine software giant, to bring Web3 and metaverse experiences to its fans. The partnership will combine Globants tech resources with Laligas tech division in order to......

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange

A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the countrys first such joint transaction for the acquisition of cryptocurrency. medtem, Kazakhstans leadership has declared readiness to further develop crypto......

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

Moments after the Chinese yuans onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against......

More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexos Earn Interest Product (EIP) may be in violation of securities......

Poročilo: Leaked Audio Featuring Celsius Execs Uncovers Plans to Create an IOU Cryptocurrency

According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to......

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been......

Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm

V sredo, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomuras move follows a number of financial giants entering the cryptocurrency industry......

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

Chinas central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the Peoples Bank has been stepping......