GIC, the sovereign wealth fund managing Singapore’s foreign reserve, has invested $70 million in Hong Kong-listed BC Group.
The post Singapore sovereign wealth fund invests $70 million in crypto exchange OSL’s parent group appeared first on The Block.
This funding round was led by The Westly Group, a California-based venture firm focusing on sustainability minded startups.
The post Sustainable supply chain traceability company Circulor raises $14 million in Series A round appeared first on The Block.
While the CBDC testing process commences, the statement also makes clear that the experiment does not suggest either the French or Swiss Central banks will publicly release a CBDC anytime soon.
The post French, Swiss central banks to experiment with CBDCs for cross-border payments appeared first on The Block.
Texas’ regulator echoes the OCC’s approval of crypto custody, but this time for state-chartered banks.
The post Texas greenlights state-chartered banks to custody crypto appeared first on The Block.
Crypto-friendly Silvergate Bank has cut ties with crypto exchange Binance, The Block can confirm.
The post Silvergate Bank cuts ties with Binance, disabling USD deposits and withdrawals appeared first on The Block.
A spokesperson for the International Monetary Fund said ahead of a meeting with Nayib Bukele, president of El Salvador, that the country’s newly enshrined bitcoin law “raises a number of macroeconomic, financial and legal issues that require very careful analysis.”
The post IMF: El Salvador’s bitcoin legal tender move raises ‘macroeconomic, financial and legal issues’ appeared first on The Block.
The Basel Committee for Banking Supervision, the global standards body for bank regulation, published a consultation on Thursday that, if ultimately put into effect, would impose strict capital requirements for banks that have exposure to bitcoin and other cryptocurrencies.
The post Basel Committee proposes strict capital requirements for banks with bitcoin exposure appeared first on The Block.
Coinbase has partnered with ForUsAll, a 401(k) advisor, to offer crypto investments for retirement accounts.
The post Coinbase partners with 401(k) advisor to offer crypto investments for retirement accounts appeared first on The Block.
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