FDIC Denies Report Buyers Signature Bank Must Stop Cryptocurrencies Services
The Federal Deposit Insurance Corporation (FDIC) has denied Reuter’s report that the agency is offering Signature Bank to buyers on the condition of waiving all crypto-related services. A spokesperson for the FDIC also stated that the agency published two joint statements with the Office of the Comptroller of the Currency and the Federal Reserve, which […]
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks
On March 15th, Silicon Valley Bank (SVB) made the headlines globally following its collapse. This raised concerns about the banking system’s stability and impact on the international market. In light of this development, the European Commissioner for financial services, Mairead McGuinness, stated the collapse’s impact on the European Union (EU) was “limited.” However, she urged […]
MakerDAO passes proposal for $750M increase in US Treasury investments
Lending protocol and stablecoin issuer MakerDAO has recently passed a proposal to increase its portfolio holdings of United States Treasury bonds. The proposal calls for an increase from $500 million to $1.25 billion, providing a 150% increase in holdings. This move is intended to boost exposure to real-world assets and “high-quality bonds” following a loss […]
Taking Photos and Minting NFTs at the Ends of the Earth, With FOTO’s John Knopf
The world of non-fungible tokens (NFTs) has opened up new avenues for experimentation and creativity for photographers. However, it took some time for “photography NFTs” to catch on among collectors and creators. Among the early adopters of NFTs was John Knopf, an Emmy Award-nominated landscape photographer for National Geographic. Initially, he saw crypto as a […]
No Crypto Business For The New Buyer(s) of Signature Bank: Report
Signature Bank, the crypto-linked bank, is up for sale by the Federal Deposit Insurance Corporation (FDIC) after its collapse. The FDIC has asked interested buyers to acquire the bank, with one major caveat: no crypto. This comes just two days after the collapse of California-based Silicon Valley Bank (SVB) and less than a week after […]
Binance Coin (BNB) Price Soars Above $300, Is Next Stop $400?
Binance Coin (BNB) Price Soars Above $300, Is Next Stop $400? Binance Coin (BNB) has been making headlines lately as its price continues to soar, reaching above $300, an increase of over 1600% this year alone. The cryptocurrency, which is the native coin of the popular exchange Binance, has seen a surge in demand and […]
Auto-Burn and Auto-withdraw Options May Come to Terra Classic Staking
A recent proposal has been submitted to introduce the auto-burn and auto-withdraw option for staking on Terra Station, which may soon be available for Terra Classic (LUNC). By enabling these features, users will be able to burn their staking rewards at set intervals such as daily, weekly, monthly or yearly. This proposal seeks to automate […]
Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal
The Supreme Court of Appeal (SCA) in South Africa has rejected the former Monero lead maintainer Riccardo Spagni’s bid to declare his extradition process from the United States to South Africa illegal. The court argued that Spagni did not present sufficient grounds to void the extradition process. Spagni, a controversial figure in the cryptocurrency community, […]
Blame traditional finance for the collapse of Silicon Valley Bank
Silicon Valley Bank (SVB), a well-known provider of financial services to start-ups and venture capital firms, failed due to a liquidity crisis that had widespread effects on the startup ecosystem. The story of SVB highlights the many inherent risks that banks face, including mismanaging the economic value of equity (EVE), failing to hedge interest rate […]
Cardano May Touch $0.30 But These Price Levels Are Vital For The Coin
Cardano (ADA) has been struggling to recover on its chart in the past week, with the bulls unable to sustain an upward movement. In the last 24 hours, ADA dipped close to 9%, and in the previous week, it registered a loss of 1%. At the moment, ADA is moving closer to its previous low […]