Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
After reiterating the need for crypto regulation in the EU, the ECB is back at it with allegations of price manipulation.
News Desk 2 min read 
Crypto custodian, BitGo, has been selected by John Ray III, acting CEO at FTX to safeguard FTX's assets amid bankruptcy proceedings.
The crypto-focused bank says FTX's bankruptcy will have little effect on it. But the broader market downturn could bring Silvergate to its knees if its other large depositors continue struggling.
The retail e-rupee, which will be interoperable with existing payment methods, will be hosted by the National Payments Corporation of India.
Detective Benjamin Dusenbery subpoenaed Silvergate for multiple digital cryptocurrency trading platforms' bank account records and found 10 companies transferring illicit funds.
CZ also suggested that all cryptocurrency exchanges do merkle-tree proof-of-reserves. According to the CEO, fractional reserves are suited to traditional banks and not crypto companies.
As a result of this development, Partior will be able to offer more than eight global currencies as part of its currency offerings
The Innovation Hub of the Bank for International Settlements (BIS) launched its latest project to explore the use of automated market makers to facilitate foreign exchange markets and CBDC payments.
JPMorgan carried out the transaction on Ethereum layer2 network Polygon because of its cheap transaction fees, and leveraged Aave Protocol's permissioned pool concept.
