Regulators Uncover Binance's Billions of Dollars Transactions Through U.S. Banks
A new filing from the U.S. Securities and Exchange Commission suggests that Binance moved billions of dollars in customer funds through Signature Bank and Silvergate Bank. Here's the latest.
Promoting Semiconductor “Friendshoring”
With the passing of the CHIPS Act in 2022, the global semiconductor industry is facing a historical restructuring with far-reaching implications for security and economic resilience.
The CSIS Asia Program is pleased to introduce a joint research project with the CSIS Scholl Chair in International Business and the Wadhwani Center for AI and Advanced Technologies exploring semiconductor supply chains in the Indo-Pacific and cooperation with U.S. partners. Two new reports look at implementation of the CHIPS Act, the state of the semiconductor supply chain in the Indo-Pacific, and the potential role of the Indo-Pacific Economic Framework in advancing a more resilient and secure eco-system.
Please join us for a discussion of key findings.
This event is made possible with support from Samsung.
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The FTX Collapse, Explained | WSJ What Went Wrong
Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion.
Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin
What Went Wrong explores the challenging conditions and decisions that led to a company’s downturn.
FTX’s Collapse: The Three Key Points on the Largest Crypto Bankruptcy Ever: https://youtu.be/kCM-agH1aGM
#WSJ #FTX #crypto
US Banks Sitting on Billions of Losses
Unrealized losses among US lenders have been growing rapidly under the Federal Reserve’s aggressive rate-hike regime, even before the Silicon Valley Bank’s collapse. David Ingles reports on Bloomberg Television.
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Send Money Internationally Without Banks Or Foreign Exchange
Humans have been using paper for money starting from the early 7th century. But of late, crypto-currencies have seen a rise. ��
The government is not a huge fan of crypto due to the lack of regulation, so they made their very own crypto called e-RUPI, and here’s what it means for us.
An e-RUPI is a digital token equivalent to our fiat currency i.e., the Indian Rupee. ₹₹₹
Since they are digital money, the cost and speed of transactions are vastly reduced, ensuring seamless service over long distances at a cheaper cost ��
An added advantage of digitizing money is that you can program it to ensure it is utilized only for a given purpose. The government can utilize this feature to ensure that the money goes to the scheme as planned and not elsewhere. However, there is a fear that the government can program the money to monitor the public and control our spending.
➡️ As uncle Ben said, with great power comes great responsibility. Tell me in the comments below if we are ready for CBDCs or not.
#financewithsharan #moneytalks #moneymotivated .
#theonepercentclub #erupi #cryptonews #moneytalks #bank #rbi
