Chinese banks reportedly eying the crypto space
Several Chinese banks are reportedly seeking to offer financial services to crypto firms in Hong Kong despite a crypto blanket ban in mainland China. Hong Kong has been active lately in crypto regulation and plans to have a new licensing regime for crypto exchanges this June.
NFT investor accidentally burns $135K crypto punk
NFT investor Brandon Riley has lost $135K by burning his crypto punk NFT when trying to get a loan by collateralizing it. He used the wrong method permanently removing his NFT from circulation.
Jack Dorsey loses $500M in a day as Block’s shares plunge
Jack Dorsey has lost over $500M as his company, Block, was preyed on by short sellers resulting in the collapse of its stock shares. The short seller, Hindenburg Research, accused his platform of being involved in money laundering and skirting banking laws.
BoE Governor asks firms to stop price rises or risk higher inflation
Bank of England Governor Andrew Bailey has asked businesses to stop hiking commodity prices to calm the country’s economic crisis. He said that further price hikes would risk higher bank rates.
Deutsche Bank latest in banking crisis contagion?
Deutsche Bank shares have retreated for a third day, losing over a fifth of their value in a month. The share prices fell by over 9% in early trade markets on March 24, 2023.
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