According to recent data from the Federal Reserve, deposits at all U.S. commercial banks experienced a significant decline of $98 billion within a week. This decline was accompanied by a corresponding increase in deposits of $67 billion for the top 25 banks in the country. This trend suggests that c

Yesterday, all major cryptos exhibited price fluctuations between -1.26% and 1.17%, with no outstanding performance among all cryptos. LTC, in the weakest trend, was down 1.26%, while BNB rose 1.17% with a relatively strong trend. BTC and ETH, two of the leading cryptocurrencies, edged up 0.95 % and

Federal Reserve Criticizes Custodia Bank for Endangering the Crypto Industry and Its Own Stabilityhttps://www.fameex.com/en-US/news/crypto-trending-news-2023032701The Federal Reserve has issued an 86-page document criticizing Custodia Bank's approach to the crypto industry, justifying its January 20

Coinbase, one of the largest cryptocurrency exchanges in the US, has accused the country's regulators of leaving a void in the industry that other nations are keen to fill. The comment came after the Securities and Exchange Commission (SEC) issued a Wells notice to Coinbase, indicating that the agen

The Federal Reserve has raised concerns about Custodia Bank's approach to the crypto industry in an 86-page document released on Friday. Custodia Bank, formerly known as Avanti, is a Wyoming state-chartered special depository institution that applied to become a member of the Federal Reserve System

Central Bank Chief Reports 63% Increase in Digital Currency Transactions in Nigeriahttps://www.fameex.com/en-US/news/crypto-trending-news-2023032403Nigeria's central bank digital currency (CBDC) transactions increased by 63% to $47.7 million, with about 13 million e-naira wallets downloaded since Oc

According to Governor Godwin Emefiele, Nigeria's central bank digital currency (CBDC) transactions saw an impressive 63% increase in value to $47.7 million (₦22 billion). This growth occurred between October 2022 and March 2023, indicating a significant uptick in digital transactions in Nigeria.In a

Yesterday, all major cryptos exhibited price appreciation with fluctuations between 2.37% and 6.56%. MATIC, in the weakest trend, only climbed 2.37%, while LTC soared 6.56% with a relatively strong trend. BTC and ETH, two of the leading cryptocurrencies, rose 3.69% and 4.51%, respectively.According

Now, the CEO of Terraform Labs is being investigated for fraud by the Securities and Exchange Commission, federal prosecutors in New York, and South Korea.Source: forkast.newsDo Kwon, the CEO of Terraform Laboratories, has purportedly been detained in Montenegro, but only hours later, US authorities

US SEC Advises Investors of Potential Security Risks Associated with Crypto Assetshttps://www.fameex.com/en-US/news/crypto-trending-news-2023032401The US Securities and Exchange Commission (SEC) has issued a warning to investors to be cautious when dealing with crypto asset securities. The SEC cauti