Cypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured. In a joint letter written on July 28 by Seth Rosebrockfrom & Jason Gonzalez, Assistant General Counsel at the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) to Voyager Digital, the authors said the representations “likely misled and…
Month: July 2022
Phishing risks escalate as Celsius confirms client emails leaked
It is not the first time Celsius’ customer emails have been exploited and leaked online. Source: https://cointelegraph.com/news/phishing-risks-escalate-as-celsius-confirms-client-emails-leaked
Reality Labs Unit Registers $2.8 Billion Losses During Q2 – Metaverse Bitcoin News
Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research and development costs associated with metaverse and VR…
What Is The Definition Of Recession? – Bitcoin Magazine
Watch This Episode On YouTube Or Rumble Listen To The Episode Here: “Fed Watch” is a macro podcast with a true and rebellious Bitcoin nature. Each episode, we question mainstream and Bitcoin narratives by examining current events in macro from across the globe with an emphasis on central banks and currencies. In this episode, I’m joined by Q and Chris…
Solana Spaces store to bring 100K people to Solana per month — CEO Vibhu Norby
The new shop entertained about 400 crypto-curious guests on opening day, and hopes to host even more as other stores are opened across the U.S. and the rest of … Source: https://cointelegraph.com/news/solana-spaces-store-to-bring-100k-people-to-solana-per-month-ceo-vibhu-norby
Solana-based stablecoin NIRV drops 85% following $3.5M exploit
The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece. Source: https://cointelegraph.com/news/solana-based-stablecoin-nirv-drops-85-following-3-5m-exploit
How Bitcoin Supports Muslims And The Quran – Bitcoin Magazine
This is an opinion editorial by Muslim Bitcoiner, the host of the “Muslim Bitcoiner Podcast” and a contributor for Bitcoin Magazine. Before diving into the topic of Bitcoin, it’s important to explore what the sin of “riba” actually is, and how it’s entrenched in the current global monetary system. Riba is an Arabic word which most commonly refers to “usury,…
IMF Warns of Further Crypto Selloffs and More Coins Failing – Markets and Prices Bitcoin News
A director with the International Monetary Fund (IMF) has warned of further selloffs in both crypto assets and equities. He further warned that more crypto tokens could fail. IMF Foresees More Crypto Selling Pressure Tobias Adrian, director of Monetary and Capital Markets for the International Monetary Fund (IMF), warned about further selling pressure in the crypto market and more crypto…
Fed, FDIC Order Voyager to Stop ‘False and Misleading’ Insurance Claims
U.S. banking regulators from the Federal Reserve and Federal Deposit Insurance Corporation issued a cease and desist order to embattled crypto firm Voyager Digital on Thursday. The agencies accuse Voyager of making “false and misleading” claims in telling customers their funds were insured by the government. On July 8, the FDIC announced a probe into Voyager’s claims of being FDIC…
City of Miami to Launch 5,000 Ethereum NFTs with TIME, Mastercard, Salesforce
Miami is making NFTs. The city of Miami’s Mayor Francis X. Suarez shared plans Thursday to release 5,000 Ethereum NFTs later this year. Miami is partnering with TIME magazine publisher Time USA, Mastercard, and Salesforce to make it happen. The NFTs—unique blockchain tokens that signify ownership—are being designed by 56 different Miami artists “representing the city’s 56 square mile area,”…