U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for regulatory and supervisory issues involving the two banks. Senator Elizabeth Warren Calls for Independent Investigation Into Bank Failures U.S. Senator Elizabeth…
Venezuela’s president Nicolás Maduro has announced the reorganization of the National Superintendency of Crypto Assets, known as Sunacrip in Spanish, according to a decree issued on March 17. A new board will lead the reorganization, headed by Anabel Pereira Fernández, a lawyer who served as president of the Fondo de Garantía de Depositos y Protección Bancaria (FOGADE), the Venezuelan version…
Coinbase’s former CTO Balaji Srinivasan wagered on Friday that the price of Bitcoin will benefit from a rapid devaluing of the U.S. dollar in the next three months, skyrocketing to $1 million by June 17. Srinivasan entered a bet with two individuals that same day, ponying up $1 million with the pseudonymous Twitter pundit James Medlock and another unnamed person.…
Coinbase’s former CTO Balaji Srinivasan wagered on Friday that the price of Bitcoin will benefit from a rapid devaluing of the U.S. dollar in the next three months, skyrocketing to $1 million by June 17. Srinivasan entered a bet with two individuals that same day, ponying up $1 million with the pseudonymous Twitter pundit James Medlock and another unnamed person.…
According to Sharering, a blockchain-based platform enabling the creation and use of “self-sovereign” verifiable credentials, millions of potential world wide web users are still disconnected from the internet because they lack required or verifiable identities, among other things. Without such verifiable identities or credentials, many disadvantaged groups, including refugees, are thus precluded from accessing information from the web that may…
At the time of writing, the leading cryptocurrency is trading at $28,063, a 2.4% increase in the past 24 hours. The price reached $28,459 at its highest point during the day, before trading at $26,877 during the day’s low. Overall this week, Bitcoin has gained over 37% against the U.S. dollar. Bitcoin‘s market capitalization added $194 billion in 2023, representing…
Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency’s overall market capitalization has swelled to $546 billion. Global Cryptocurrency Market Valuation Increases by 1.11%…
DefiLlama drama emerged Sunday as one of the project’s pseudonymous co-founders directed people to a forked version of the blockchain data platform on Twitter, warning of a hostile takeover sparked by a potential token launch. “There is an ongoing attempt to launch a token that does not represent us,” said 0xngmi. “We don’t want to be associated with it.” The…
UBS Group doubled its initial offer and agreed to buy its competitor Credit Suisse for nearly $2 billion on March 19, in a historical deal for the two biggest banks in Switzerland, the Financial Times reported. UBS previously put a $1 billion offer on the table on March 18, but the deal was rejected by the Credit Suisse board, FT…
Joselit Ramirez, the top authority on cryptocurrency policies in Venezuela, has been removed from his position by none other than the President of the Republic, Nicolas Maduro. According to an Official Gazette published by the Venezuelan government on March 17, the action affects not only Ramirez but also a significant portion of the institution’s management staff, as it calls for…
