Offstream
news

New York-based commercial bank Signature Bank is closed down after a bank run on its deposits, and is taken into receivership by the Federal Deposit Insurance Corporation.
2023-03-12

American commercial bank Silicon Valley Bank is forcibly shut down by regulators for the U.S. state of California, and its assets controlled by the Federal Deposit Insurance Corporation, after the bank failed to raise enough capital and a subsequent bank run occurred. With assets totalling US$209 billion, the bank's closure is the second-largest bank failure in American history.
2023-03-10

Ethereum, the second largest cryptocurrency, changes its consensus mechanism from proof of work to proof of stake, ceasing all mining and reducing its energy consumption by over 99.9%
2022-09-15

The People's Bank of China rules that all financial transactions and activities involving cryptocurrency are illegal in the country.
2021-09-24

El Salvador becomes the first country in the world to adopt the cryptocurrency Bitcoin as legal tender as well as the national currency as the Bitcoin Law comes into effect. However, a small but growing number of people opposed to the new law protested against it in the capital, San Salvador.
2021-09-7

Cuba recognizes cryptocurrency as legal tender, becoming the second nation to do so after El Salvador.
2021-08-27

The Turkish Central Bank bans transactions using cryptocurrencies and crypto assets, citing possible "irreparable damage" and transaction risks to customers.
2021-04-16

Venezuelan communications director Jorge Rodríguez announces that the country's Petro cryptocurrency, backed by 5.3 billion barrels of oil worth $267 billion, will launch shortly.
2017-12-29

Venezuelan President Nicolás Maduro announces the creation of the petro cryptocurrency in a bid to ease the country's ongoing socioeconomic crisis.
2017-12-3