Investigations around the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin J. Gruenberg, believes that the bank’s failure to understand the risks associated with cryptocurrencies expedited its fall. Speaking at the hearing on “Oversight of Prudential Regulators,” Gruenberg highlighted the recent failures of Silicon Valley Bank (SVB) and…
Atlendis, a -based uncollateralized lending platform, it’s launching its latest iteration, adding a host of new features and key crypto on-ramp along the way. The protocol offers credit lines for institutional borrowers, and users can act as pooled lenders for such borrowers, earning interest payments and additional DeFi rewards. Crucially, Atlantis addresses one of the key weaknesses in the crypto…
Peter Schiff, best-selling author and chief economist of Europac, has warned about the coming of a new great depression period in America. In an interview, Schiff stated that official Consumer Price Index (CPI) numbers were designed to mislead the public and that the country was going to face a depression worse than the one it faced back in the 1930s.…
Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced transaction fees, provide greater network security and enhanced compatibility with Ethereum. The Optimism team stated via a May 15 Twitter thread that the network will be down for 2-4 hours on June 6 as…
Around 5 billion people are online and digitally-bound assets should get the same treatment as any other type of property, says Sandbox co-founder Sebastien Bor… Source: https://cointelegraph.com/public/index.php/news/digital-assets-as-property-sandbox-sebastien-borget
Digital assets such as cryptocurrencies and non-fungible tokens (NFTs) should be recognized as legitimate property, especially as more of the world’s population goes digital, argues the co-founder of The Sandbox. Speaking to Cointelegraph’s Editor-In-Chief Kristina Lucrezia Cornèr during Blockchain Week Rome last week, Sebastien Borget said so-called “digital natives” — those who grew up with and subsequently have an increased…
According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers, as fabrication competition these days is limited. 18 ASICs Profit With Electricity Costs at $0.12 per kWh and Today’s Bitcoin Exchange Rates The average…
Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. In January, the native tokens of blockchain-based metaverse projects Decentraland (MANA) and Sandbox (SAND) witnessed significant surges in price, due partly to swirling rumors about Apple’s venture into mixed reality. This trend was pointed…
Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely … Source: https://cointelegraph.com/app/public/index.php/news/gary-gensler-pushes-back-at-coinbase
Coinbase’s chief legal officer Paul Grewal expressed his concerns over the SEC’s response, asserting that they will happily continue overseeing the sector via r… Source: https://cointelegraph.com/app/public/index.php/news/sec-rebukes-need-for-imminent-crypto-rulemaking-seeks-denial-of-coinbase-petition
