Social media platform Reddit is back online after it identified and implemented a fix for a “major outage” that made browsing impossible for desktop and mobile users for almost six hours. The platform first noted it was offline at 7:18 pm UTC, according to Reddit Status, and said it was working to identify the issue. Screenshot of the r/Cryptocurrency subreddit…
The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the current status of the bank and its ability to do…
The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation. Source: https://cointelegraph.com/public/index.php/news/state-caps-or-federal-regulation-what-s-next-for-political-crypto-donations
A federal judge in Florida has ruled in favor of a plaintiff who sued anonymous hackers and issued formal notice of the legal action via NFT, according to recent court filings. The ruling, a default judgment from Judge Beth Bloom of the United States District Court Southern District of Florida, declares that the unidentified hackers are on the hook for…
Euler is working with law enforcement agencies and blockchain security firms to contact the exploiter and recover the funds. Source: https://cointelegraph.com/public/index.php/news/euler-finance-blocks-vulnerable-module-working-on-recovering-funds
African Fintech company Chipper Cash, which was doubly backed by collapsed financial giants FTX and Silicon Valley Bank, may be experiencing some financial troubles. Or is it? Chipper Cash CEO Ham Serunjogi put out a statement on Sunday claiming that the recent failings of both Silicon Valley Bank and Silvergate Bank, while chaotic, had an “insignificant” effect on the payments…
New York regulators quickly took control of Signature Bank Sunday night, making it the third bank to close its doors in a week—and the third largest bank failure in U.S. history. The move to shutter the crypto-friendly bank, which lent money to firms in the digital asset space and facilitated crypto-to-fiat transactions via its Signet network, caught many by surprise…
Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The inflationary policy is back in play with the Federal Reserve.” Doubleline CEO Jeffrey Gundlach on Fed Rate Hikes Jeffrey Gundlach, chief executive and chief investment officer…
The Shapella hard fork has been executed on the Goerli testnet — the last test run before Ethereum validators will be able to withdraw their Ether (ETH) from the Beacon Chain. There were however issues with the hard fork. Ethereum core developer Tim Beiko noted that while deposits were being processed it didn’t run as smoothly as it could have…
National Australia Bank (NAB) announced March 14 that it had executed the first-ever cross-border stablecoin transfer on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin tied to the Australian dollar (AUD). The transaction was conducted on the Ethereum blockchain and used smart contracts for seven currencies, according to a statement released by the…
