eToro raises $250M after terminating SPAC deal
The Israel-based firm raised capital for the first time since 2018, after failing to go public in 2022 through a SPAC merger. Go to Source Powered by WPeMatico
Month: March 2023
Adopting CBDC could destabilize banks, help households, US Treasury study says
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis. Go to Source Powered by WPeMatico
SEC Sues Tron Founder Justin Sun for Market Manipulation and Offering Unregistered Securities
The U.S. Securities and Exchange Commission (SEC) has taken action against Justin Sun, the founder of Tron, and the Tron Foundation, issuing charges for offering unregistered securities and market manipulation. Additionally, a group of influencers have been charged by the organization for promoting tron without disclosing that they were being compensated for their endorsements. Tron … Read more
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, … Read more
Arbitrum’s ARB token signifies the start of airdrop season — Here are 5 to look out for
Arbitrum’s upcoming ARB token has everyone excited about the next potential airdrop, and it looks like there’s more to come. Go to Source Powered by WPeMatico
SEC files lawsuit against Tron’s Justin Sun and celebrities over crypto securities offering
Among the celebrities who settled with the SEC for their alleged role in promoting TRX and BTT were actress Lindsay Lohan, YouTuber Jake Paul, and singer Akon. Go to Source Powered by WPeMatico
Deloitte dives into immersive experiences as more industries turn to Web3
The Big 4 accounting firm is betting on immersive experiences and other Web3 solutions to address various corporate needs. Go to Source Powered by WPeMatico
Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain
The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours. Defi Value Swells Close to 2% Higher to Over $50 Billion […] … Read more
Ethereum price at $1.4K was a bargain, and a rally toward $2K looks like the next step
ETH’s correlation with tech stocks, its increasing total value locked and its deflationary token economics all suggest that the path to $2,000 is programmed. Go to Source Powered by WPeMatico
US lawmakers reiterate concerns about ‘sham’ crypto firm audits to PCAOB
Two U.S. senators cited the collapse of FTX when writing to the PCAOB chair Erica Williams in January, but now suggest improper auditing could have affected three banks as well. Go to Source Powered by WPeMatico