The most eagerly awaited project on Shibarium, a layer 2 technology developed by Shiba Inu, the Shiba Inu Metaverse, Official beta debut on Saturday. And at the recent South by Southwest (SXSW) event, the programmers presented an in-depth glimpse at what it would look like in a sector of the Metaverse’s domain called the WAGMI … Read more
The MiCA law emphasizes the management of crypto asset service providers and imposes stringent regulations on them. After the passage of the ground-breaking cryptocurrency law, the Secretary of State of Digitization in Belgium, Mathieu Michel, disclosed that European legislators are exploring constructing their own blockchain. Politicians are investigating blockchain technology as a potential solution to … Read more
Nonetheless, Coinbase anticipated the full recovery of its cash and stated that it had over 240 million dollars in corporate funds held at Signature Bank. Following the closure of Signature Bank by the Treasury, several cryptocurrency companies, including Paxos, have acknowledged the extent of their engagement with the financial institution. During an unprecedented week in … Read more
Circle claims that most of the reserves backing its USDC stablecoin are in the form of United States Treasury Bills. The cryptocurrency startup Circle, the issuer of the stablecoin known as USD Coin (USDC), recently announced that the USDC reserve risk that the company’s important customers were nursing had been removed. According to what was … Read more
Ripple CEO Brad Garlinghouse addressed his company’s exposure to the failed Silicon Valley Bank (SVB) in a Twitter thread on March 12 that was directed to his 700,000 followers. In the thread, he emphasized (1) that Ripple remains financially stable despite the risk. The executive pointed out that although Ripple has exposure to SVB as … Read more
Stablecoins are coming under increasing pressure due to the current crisis, which has witnessed the failure of three large cryptocurrency-backing institutions in the previous few days. Binance has begun changing the remaining portion of its one billion dollar industry recovery funds into other crypto assets as a direct reaction to the latest collapse of at … Read more
As a result of the Federal Reserve and the Federal Deposit Insurance Corporation assuring depositors that they could withdraw their money from Silicon Valley Bank, investors in cryptocurrencies have gained some confidence. The overall cryptocurrency market staged a resounding return early on Monday, March 13, and surged back above the $1 trillion milestone. The … Read more
The whale account has completely liquidated all of its Moonbirds NFTs, resulting in losses of up to 32% of their value on its investments. An Ethereum whale account managed to unload a staggering 500 non-fungible tokens belonging to the Moonbirds collection over the course of the previous weekend. The results, on the other hand, suggest … Read more
Nissan is not the first automobile manufacturer to submit a patent application for one of its vehicles. Several trademark registrations for Web3 have been submitted by General Motors, Ford, and Mercedes, respectively. Four applications for the web3 trademark have been submitted by the Japanese automobile manufacturer Nissan to the United States Patent and Trademark Office … Read more
There’s a chance Silicon Valley Bank can make a comeback. Elon Musk, CEO of both Twitter and Tesla, has dropped (1) hints that the social media giant may acquire the troubled Silicon Valley Bank. In light of the current situation, Min-Liang Tan suggested (2) on Twitter that the company acquire SVB and transform itself into a … Read more