The recently failed financial institutions were confronted with a variety of issues that had an impact on their operations. For instance, Silvergate was subject to a number of regulatory actions as a result of its business interactions with the defunct FTX exchange, the exchange’s founder Sam Bankman-Fried, and Alameda Research, Silvergate’s sister company. It also … Read more
Collective Finance, a decentralized finance (DeFi) platform, has revealed its intentions to begin the public sale of its own native currency, denoted by the symbol $CLF, and developed on the Binance Smart Chain (BSC) network. The public token sale can be accessible with a 10% discount, as stated in a press release (1). This sets … Read more
The Swiss Banking Association (SBA) recently published a white paper (1) in which they advocated the issuing of a joint deposit coin on a public blockchain. This token would be used to record deposits made by users. The SBA made a note of the widespread agreement that stablecoins should be issued by recognized organizations and … 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
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
A short while ago, the Filecoin Virtual Machine (FVM) became operational (1) on the mainnet. As a result, the blockchain underlying the payment system can now handle additional functionalities. Smart contracts and the ability for users to program through the Filecoin Virtual Machine are examples of these features. The launch of the FVM on the … Read more
The most influential people in the non-fungible token (NFT) industry believe that the recent speculations regarding an Amazon NFT platform that might significantly shift the competitive landscape. Once Amazon CEO Andy Jassy commented (1) that the online retail giant would offer NFTs, suspicions began circulating regarding the platform. Since then, other reports have surfaced detailing … Read more
As the decentralized lending protocol, Euler Finance attempts to recover from Monday’s $196 million hack, and it is leaving no stone left in its investigation. For the past two days, the Ethereum-based noncustodial lender has communicated with the hacker via several on-chain messages to negotiate a settlement with them. The conversations, on the other hand, … Read more
The relationship between the Commodity Futures Trading Commission (CFTC) and industry professionals appears to be in stark contradiction with other US authorities, such as the SEC, which has portrayed itself in a manner that is quite unfriendly toward cryptocurrencies. In a recent announcement, the Commodities Futures Trading Commission (CFTC) named Carole House, an ex-official in … Read more
The Gemini exchange has reassured its consumers that all GUSD reserves are held with respectable banks, including Fidelity. The weekend’s failure of Signature Bank & Silicon Valley Bank to remain open was detrimental to the overall state of the banking industry in the United States. On the other hand, Gemini Trust Company LLC, an experienced … Read more