The collapse of Silvergate Bank & Silicon Valley Bank just seven days after one another has caused shockwaves to spread throughout the cryptocurrency industry. Regulators and legislators in the United States have been concerned because the turbulence has spread into the conventional finance sector. This is a really unfortunate development. Elizabeth Warren Criticized the … Read more
Circle, the company that issued the USDC stablecoin, said late Friday that it still has about (1) $3.3 billion in reserves at Silicon Valley Bank out of a total of $40 billion. Once a panicked public rushed to withdraw their money from the high-tech lender, the stock price plummeted. On Friday, 48 hours after one … Read more
The Danish toymaker Lego is expanding its assault into the virtual world by joining forces with the video game industry facilitator Epic Games. The Lego Group is teaming together with game engine maker Epic Games to develop a metaverse-driven effort aimed at the digital market. According to sources, the famed Danish toy company intends to … Read more
In light of the significant worsening in the macroeconomic factors, Blockchain.com concluded that it was necessary to terminate BACM, which catered to institutional players. Some crypto companies have been feeling the effects of market instability and liquidity problems. The prominent cryptocurrency business Blockchain.com has decided to close down its crypto wealth management arm in the … Read more
Amazon is working on a project that will improve the overall quality of the customer experience, and it will be centered on its NFTs. Reports indicate (1) that the e-commerce behemoth is working toward linking NFT ownership to the actual delivery of items to clients. Thanks to this new turn of events, Amazon’s first attempts … Read more
Trading in Cryptocurrencies In Europe, consumers will soon be able to acquire a Visa crypto debit card from Gate.io, which was developed in collaboration with payment processing giant Visa. Reports suggest that Gate.io’s parent firm, Gate Group, will introduce the Gate Visa crypto debit card through Gate Global UAB, a Lithuanian subsidiary of Gate.io Group … Read more
During her testimony before the Senate Agricultural Committee on March 8, Senator Gillibrand disclosed the next draft outline. The Commodities Futures Trading Commission (CFTC) oversight was the topic of conversation at the hosted event. During her speech (1), the American politician brought up an earlier version of the crypto law that she and Senator Lummis … Read more
The regulatory environment surrounding cryptocurrencies in the United States has been fraught with ambiguity for some time. On March 8, the Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, testified before the Senate Agricultural Committee that most stablecoins are commodities. Curiously, he also includes Ethereum (ETH) in this group, and he adds that … Read more
Per the announcement made by Binance, the newly included tokens are as follows: MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. Binance is not only the platform that handles the most trading volume, but it also possesses a vibrant market comprising hundreds of tokens made available to consumers. Following the failure … Read more
Binance.US has been given permission to purchase the assets of defunct cryptocurrency lender Voyager Digital in a $ 1 Billion dollar deal. Binance.US will be able to broaden its range of services and boost its standing in the extremely competitive cryptocurrency sector due to the acquisition. The agreement was given the go-ahead (1) on March … Read more