Bitcoin ATM maker shuts cloud service after user hot wallets compromised

Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets.

Fed, central banks enhance ‘swap lines’ to combat banking crisis

Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic.

Venezuela overhauls national crypto department

A new board will lead the reorganization, headed by Anabel Pereira Fernández. The new team excludes Joselit Ramirez, who led the department since its inception in 2018.

SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report

Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following Silicon Valley Bank UK arm's "near-collapse.”

Switzerland preparing emergency measures for UBS' takeover of Credit Suisse: Report

The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation.

US midsize banks seek FDIC Insurance on 'all deposits' for 2 years: Report

The banking coalition reportedly argued that it would bring stability to the banking industry and reduce the chances of "more bank failures," in a letter to federal regulators.

Former Coinbase CTO makes $2M bet on Bitcoin's performance

Balaji Srinivasan has predicted Bitcoin will reach $1 million within 90 days as a consequence of hyperinflation in the United States.

Real-world assets tokenization lacks infrastructure, not just regulation

The next generation of securities and asset tokenization has been held back by a lack of infrastructure and regulatory standards worldwide, according to BlackRock’s Larry Fink.

Protego’s conditional national bank status expired without approval: Report

In a week when the crypto industry — and the rest of the world — was beset by bad news about banking, one more banking setback has come to light.