The most dramatic week in technology and banking ended with crypto markets up on Monday. The wider industry is suffering from a serious case of whiplash. There’s whiplash, and then there’s whiplash. The industry is […]
Central Bank Digital Currencies or CBDCs developments continue to run in full swing. Of late, renowned banking institutions saw “clear potential and value” in SWIFT’s experimental CBDC Connector pilot tests. Central Bank Digital Currencies have […]
One of the Dodd-Frank Act drafters, Barney Frank, said regulators shut Signature Bank down to send an anti-crypto message. In shocking revelations, Frank told CNBC that there was “no real objective reason” for the FDIC […]
The recent failures of FTX, Silvergate, and now Silicon Valley Bank have sent shockwaves through the banking industry, causing even the most conservative of investors to question the safety of their money in traditional banks. […]
President Joe Biden said anyone with deposits at Silicon Valley Bank and Signature Bank would have access to their money today. He emphasized that taxpayers will not pay for the funds regulators will make available […]
Meta announced plans to wind down digital collectibles (NFTs), according to a tweet by Stephane Kasriel, Commerce & FinTech Lead at Meta. Some product news: across the company, we’re looking closely at what we prioritize […]
The U.S. Justice Department is investigating the collapse of the TerraUSD stablecoin, according to a report from the Wall Street Journal, citing sources familiar with the matter. Former team members behind the now-defunct stablecoin TerraUSD […]
President Joe Biden announced a tightening of banking regulations in the U.S. that could lead to more crypto firm neobanks outside the U.S. banking system. In a speech on March 13, 2023, the U.S. president […]
Banks are collapsing at an alarming rate, leaving investors and stakeholders questioning the stability of stablecoins. First, Silvergate failed, and now, SVB, which held $3.3B of Circle’s funds (the issuer of USDC), has been shut […]
Filecoin’s native token FIL spiked 24% to around $6.44 on Monday. The launch of the Filecoin Virtual Machine (FVM), expected on 14 March, has the community buzzing. FVM brings smart contracts and network programmability to […]
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