European banking stocks rallied Thursday as the Swiss National Bank pledged to lend Credit Suisse Group AG up to CHF 50 billion through a covered loan facility and a short-term liquidity facility, alleviating fears of financial industry turmoil. Credit Suisse shares are trading 5% higher premarket.
Cryptocurrency exchange Coinbase on Monday announced that it will suspend trading of stablecoin Binance USD on March 13 this year, due to non-compliance with the platform's listing requirements. The decision was made following a recent review of assets listed on the exchange, in which BUSD was found to fall short of the criteria for inclusion.
The European Central Bank has been researching the feasibility of a digital euro since October 2021. A decision on whether to proceed to the testing phase is to be made by EU heads of state this autumn.
Bitcoin traded higher, surging past another key level of $24,000 on Thursday. Ethereum also recorded gains, trading above the $1,600 mark this morning. Optimism was the top gainer over the prior 24 hours, while Fei USD turned out to be the biggest loser.
The Securities and Exchange Commission's direction to Paxos to cease issuing new units of Binance's dollar-pegged cryptocurrency Binance USD, has triggered reactions from industry experts, who believe that staking yield should not be considered a security.
The Central Banks of Iran and Russia are seeking to create a gold-backed stablecoin for use in foreign transactions, in a gambit to further cut trade ties with the U.S. dollar. rather than fiat currencies like the dollar. According to a recent report by Russia's news agency Vedomosti, both countries--sanctioned by various Western nations on import and export restrictions--would be working on a ...
Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez have reportedly said the two countries aim for greater economic integration that includes the development of a common currency.
Bitcoin traded higher this morning, with the cryptocurrency prices trading above the $18,800 level on Friday. Ethereum, also traded higher, surging past the key $1,400 mark on Friday. Aptos was the top gainer over the prior 24 hours, while Fei USD turned out to be the biggest loser.
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