Senator Michael Bennet of Colorado stated that Signature Bank did not make decisions that were “prudently sound” in dealing with cryptocurrency. Several U.S. senators are of the opinion that the Federal Reserve is trying to use cryptocurrency as a scapegoat for its failed banking practices. Michael Bennet, a senator representing Colorado in the United States … Read more
Also, Marathon Digital has disclosed the nature of its exposure to the cryptocurrency-focused institution Silvergate Bank, which is no longer in business. The troubled Bitcoin (BTC) mining company Marathon Digital Holdings Inc (NASDAQ: MARA) has issued its performance evaluation for the fourth quarter (Q4) of 2022, in which it revealed a revenue that was lower … Read more
PLBY Group has disclosed that during the previous year, the price of the Ethereum (ETH) assets it possessed decreased by approximately $4.9 million. The parent business of Hugh Hefner’s Playboy has confirmed that the impairment loss was caused by the crypto winter that stormed thru the sector and adversely impacted market values across the board. … Read more
Web3 community LinksDAO made the announcement (1) on Thursday, March 16, that it has purchased a real-world golf course by obtaining the highest offer to purchase Spey Bay Golf Club, an oceanfront 18-hole golf property in Scotland. The course is located in Scotland. The Spey Bay golf course has been around for 100 years and … Read more
The cryptocurrency investment company 21Shares stated that it would immediately stop providing six exchange-traded products (ETPs). According to a spokeswoman for the corporation, the decision was made after the organization decided that there was a lack of demand for these particular products. Five of the six items that are going to be discontinued will stop … Read more
Cathie Wood, who works with Ark Investment, has a reputation for placing some of the riskiest bets in the cryptocurrency market. Cathie Wood has been a consistent investor in cryptocurrency startups such as Coinbase, even though the market has been volatile since 2022. In yet another of these recent developments, ARK Investment Management LLC successfully … Read more
The US seems to be catching up with some of the more digitally advanced economies in Asia like India and China with FedNow. The announcement that the long-awaited FedNow Instant Payment system will finally be operational in July was made by the Federal Reserve of the United States. According to the information (1) provided to … Read more
The United Arab Emirates (UAE) thought that issuing a CBDC would solve its problems with cross-border payments and “promote innovation for domestic payments.” India and the UAE have expressed interest in working together to develop an interoperable CBDC. This will make international sales transactions and money transfers easier to complete. This cooperation may result in other … Read more
In the wake of the failure of Silvergate and Signature Bank, Fidelity Digital Assets made its cryptocurrency service available to the general public. Fidelity Crypto is now available (1) to the general public after the announcement made by Fidelity Digital Assets regarding an early waitlist for cryptocurrency trading in November 2022. The investment manager discretely … Read more
By extending its services to the BNB Chain, Uniswap will be able to provide its customer base with a network that charges cheaper costs for individual transactions. It is possible that Uniswap has recently officially started on the BNB Chain network that Binance built as part of its ambitions to boost the availability and liquidity … Read more