Topic

Economics News

A collection of 554 issues

New York Community Bancorp bought a major stake in Signature Bank.

US-based New York Community Bancorp purchased almost all of Signature's deposits as well as a portion of Signature's loan portfolios for a total of $38.4 billion. The deal did not include $4 billion in deposits related to Signature Bank's digital banking business. They

U.S. to launch analogue of Russian SBP

The U.S. Federal Reserve has confirmed that in July it will launch a long-awaited instant payment system (a counterpart to Russia's SBP), which some consider an alternative to digital currencies and central bank stablcoins, writes Cointelegraph. The Instant Payments Network will make payments in seconds and support

U.S. banks are ready to work with the crypto industry

Despite the collapse of Silvergate, Signature and SVB, U.S. banks are ready to work with cryptocurrencies, reports CoinDesk. Santander, HSBC, Deutsche Bank, BankProv, Bridge Bank, Mercury, Multis and Series Financial have all said they are willing to serve the cryptosphere.

Cuba started to accept cards of the Mir payment system.

Cash withdrawal is already available in Havana In the capital of Cuba, Havana, a number of banks have started accepting cards of the Russian payment system "Mir". This is reported by TASS citing its own correspondent. According to the agency, ATMs began to display the "Mir"

DeFiance Capital raised an "eight-figure sum" of investment

Venture capital firm DeFiance Capital has raised an "eight-figure sum" of investment. That's what The Block reports. According to sources familiar with the matter, the company held the first closing of its $100 million "liquid token fund." This was facilitated by a "good

China to allocate €200,000 to Ukraine to ensure nuclear safety

China will allocate €200 thousand for nuclear safety in Ukraine, said an official representative of the Chinese Foreign Ministry Mao Ning, Sina reports. "China's decision to donate €200 thousand to Ukraine's nuclear safety technical assistance program through the International Atomic Energy Agency (IAEA) is aimed

U.S. transferred bitcoins confiscated from Silk Road hacker

The U.S. government transferred about 50,000 BTC (over $1 billion) seized from the Silk Road hacker to the Coinbase cryptocurrency exchange and unknown wallets. It was reported by PeckShield. Recall that Silk Road was one of the most successful "black" platforms at the beginning of bitcoin&

"The White House is aware of the Silvergate situation," spokeswoman

White House Press Secretary Karin Jean-Pierre commented on the situation surrounding the Silvergate crypto-bank at a press briefing: "So, we are aware of the situation and are following the news. I won't comment specifically on Silvergate. But apparently it's just one of the cryptocurrency companies

Australia to launch its digital currency

The Reserve Bank of Australia (RBA) and the Joint Research Centre for Digital Finance at the Australian Institute for Financial Research (DFCRC) have released an announcement that Australia will launch a central bank digital currency pilot in the coming months, Cointelegraph writes. So far, research is underway into the potential

China has discovered a major oil field

China National Offshore Oil Corporation (CNOOC) has discovered a large oil field in the Bohai Gulf, it said in a statement. The oil reserves there amount to 100 million tons. CNOOC estimates that a well at the field is capable of producing about 2,040 barrels of crude oil and