Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome Powell to recuse himself amid an internal probe at the Federal Reserve. Speaking to reporters in Washington D.C. on March 15, Warren said Powell had led “the de-regulatory movement” at the Fed potentially touching upon some of the conditions that…
U.S. House Majority Whip Rep. Tom Emmer is asking whether the Federal Deposit Insurance Corporation (FDIC) has weaponized its authority in an attempt to “purge legal digital asset entities and opportunities from the United States.” Emmer on Wednesday sent a letter to FDIC Chairman Martin Gruenberg citing recent actions by the agency and accusations that it is trying to kill…
The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA) have released a joint statement March 15 on the stability of the Swiss banking system and Credit Suisse (CS). The problems of “certain banks in the USA” do not pose a risk for the Swiss financial system, they wrote. The regulators said Credit Suisse meets all capital and…
Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about why Meta decided to “wind down” its nonfungible token (NFT) tools on Instagram and…
Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about why Meta decided to “wind down” its nonfungible token (NFT) tools on Instagram and…
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, bitcoin is the 12th largest…
The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making a flawed system — fractional reserve banking — worse. With Silvergate Bank, Silicon Valley Bank and Signature Bank now shuttered, many in the U.S. are…
Cathie Wood’s Ark Invest has raised $16 million for a new fund, according to a Securities and Exchange Commission filing on Wednesday. The ARK Crypto Revolutions Fund, registered in the U.S. and the Cayman Islands, is a private placement, meaning that it won’t be available to the public. Private placements are usually sold to a small group of friends and…
The beginning of 2023 raised hopes that the blockchain industry was on the path toward recovery, but weaker-than-hoped financial performance and a bout of negative news in February have cast doubts on this outlook. However, these headwinds do not affect all sectors of the industry uniformly. Nonfungible tokens (NFTs) and security tokens have managed to decouple from the broader environment…
The beginning of 2023 raised hopes that the blockchain industry was on the path toward recovery, but weaker-than-hoped financial performance and a bout of negative news in February have cast doubts on this outlook. However, these headwinds do not affect all sectors of the industry uniformly. Nonfungible tokens (NFTs) and security tokens have managed to decouple from the broader environment…
