2023-07-07
“NY Fed Says Months-Long Test on Digital Dollar Shows Speed Advantage. ... Test was ‘conducive’ to further exploring tokenized deposits.” The tokenization of everything is coming https://www.bloomberg.com/...
Bloomberg
A test by the New York Fed and big banks on a private blockchain finds tokenized deposits can improve wholesale payments without “insuperable legal impediments”
2023-05-02
“As the nation's largest bank, JPMorgan would ordinarily be barred from acquiring another lender because it controls more than 10 per cent of American deposits. But regulators can waive the cap if necessary.” What a clown show https://www.ft.com/...
Financial Times
The FDIC and California regulators say JPMorgan Chase plans to acquire most of First Republic Bank, which was a tad bigger than SVB and had $100B+ in outflows
now JPMorgan Chase's — uninsured depositors is Sen. Dianne Feinstein who, according to her latest financial disclosure, had between $1,000,001 and $5,000,000 in a First Republic ac...
2022-07-05
Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits as it navigates “financial challenges,” Crypto has not bottomed. https://techcrunch.com/...
TechCrunch
Crypto lender and exchange Vauld pauses withdrawals, trading, and deposits and says it's exploring a restructuring, after users withdrew $197.7M+ since June 12
The Vauld management wishes to inform that we are facing financial challenges despite our best efforts.
2022-05-13
Reminder that tether (USDT) is not fully backed. The first redemptions are the easiest. https://twitter.com/...
Financial Times
Tether CTO Paolo Ardoino declines to reveal details about the company's $40B US government bond holdings, for fear of revealing its “secret sauce”
Reminder that tether (USDT) is not fully backed. The first redemptions are the easiest. https://twitter.com/...
Bloomberg
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, after UST and LUNA collapsed
The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day. Source: @terra_mon...