Deutsche WertpapierService Bank (dwpbank), which offers securities processing to around 1,200 banks in Germany, is creating a new platform, wpNex, that will offer Bitcoin (BTC) to all of its affiliates’ retail customers in the second half of this year. The new service will feature crypto accounts alongside bank customers’ other accounts and will not require
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MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote, according to the proposal’s official
The European stock markets fell on March 24 on renewed fears that the banking crisis could rear its ugly head once again. The latest selling was triggered after Deutsche Bank’s credit default swaps, which offer protection to the buyer against specific risks, soared on March 23 without any known catalyst. That pulled down the shares
Lawmakers in Maine hoping to avoid a government shutdown at the turn of the fiscal year are working to cleave Gov. Janet Mills’ $10.3 billion biennial budget proposal in two. The state Senate’s Appropriations and Financial Affairs Committee announced on Thursday a plan to partition the governor’s proposal for fiscal years 2024 and 2025 into
Municipals finished out a nerve-wracking week on a strong note, with yields falling by as much as nine basis points on the short end while U.S. Treasuries strengthened and equities came under pressure. As holders of bank stocks headed for the exits and muni investors looked on nervously from the sidelines as the Federal Open
According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found
Bitcoin NFT inscription activity has remained strong with consistency in the daily number of NFTs inscribed on Bitcoin. At the same time, the infrastructure to foster Bitcoin trading is finally coming together with the development of wallets and marketplaces supporting Ordinals. NFT marketplaces, Gamma and Magic Eden, added support for Bitcoin NFTs this week. While
The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence. Following the collapse of major banks such as Silicon Valley Bank and Credit Suisse, confidence in traditional
When he was running for Manhattan district attorney, Alvin Bragg, a son of Harlem and onetime Black student leader, spoke of his dream of “transforming” what is arguably the nation’s premier law enforcement office “to deliver safety and justice for all”. In the event, Bragg will almost certainly be remembered for Donald Trump. A little
The Chinese president’s trip to Moscow this month has made the world safer, reducing the chance that Vladimir Putin will use nuclear weapons, according to the EU’s foreign policy chief. Josep Borrell told reporters that President Xi Jinping had made it “very, very clear” to the Russian leader that he should not deploy nuclear weapons,
“Nobody hates bad cops more than good cops”, I heard a Seattle police chief say at a police reform event a few years ago. That line stuck with me. But what happens when the bad cops are ruling the roost, and have poisoned the whole organisation? Of all the dreadful findings of Baroness Louise Casey’s
More than three-quarters of Swiss voters want the combined mega bank created by UBS’s emergency takeover of rival Credit Suisse to be split up by new legislation. A poll published on Friday evening by the country’s biggest pollster, GfsBern, adds momentum to calls in Switzerland for a review of the deal, its possible reversal, and
For a few hours on Thursday, Benjamin Netanyahu’s controversial drive to overhaul Israel’s judiciary looked like it would start to unravel, at the end of a chaotic week that laid bare the tensions in his far-right coalition. Yoav Gallant, the defence minister and a member of Netanyahu’s Likud party, had let it be known he
It has been a frantic two weeks. The collapse of Silicon Valley Bank on March 10 sparked a domino effect that toppled another regional US lender, Signature Bank, spooked global markets, and led to the emergency takeover of Credit Suisse by UBS. Bank shares fell again on Friday, led by Deutsche Bank — prompting chancellor
U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell the country’s financial calamity. Janet
In this article JPM WFC GME SQ Follow your favorite stocksCREATE FREE ACCOUNT Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Check out the companies making headlines
The UK competition regulator has performed a U-turn on Microsoft’s $75bn acquisition of the Call of Duty maker Activision Blizzard, clearing a huge roadblock to the deal’s global prospects. After reviewing what it called “new evidence”, the Competition and Markets Authority said on Friday that it no longer thought there would be a “substantial lessening
A Texas House committee ditched an appropriation to potentially pay off $3.52 billion of recently issued bonds from a natural gas securitization deal, but left open the possibility for the funding’s return. Thursday’s action by the House Appropriations Committee approving its version of a supplemental appropriations bill without the funding came the same day the
Interior design that feels current yet timeless is an aesthetic that’s challenging to nail. What’s even more difficult is finding a natural balance in contemporary design that’s intentional and clean, yet has a warmth to it. But, interior designer Audrey Scheck of Audrey Scheck Design doesn’t just shine when it comes to these achievements—she makes
Enrollment at top private schools in South Florida is booming, as many out-of-state families have moved to South Florida in the years since the pandemic, seeking sunny weather, and escaping state income tax. For families in the region and those moving South, increasingly competitive enrollment trends can make choosing the right school particularly difficult and
Monero jumped to a one-month high on Friday, as overall sentiment in crypto markets remained largely unchanged. The global market cap is now trading 0.60% higher at the time of writing. Xrp was back in the red in today’s session, as traders continued to secure recent gains. Monero (XMR) Monero (XMR) has been one of