Gensler suggests staking token operators should ‘seek to come into compliance’
The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made by the CFTC chair. Go to Source Powered by WPeMatico
Month: March 2023
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
Speaking at the SXSW conference in Austin, Molly White compared crypto companies’ current predicament to that in 2017 and 2018, when they had “trouble accessing banking”. Go to Source Powered by WPeMatico
Salesforce Web3 to help brands build trusted and scalable NFT programs
The platform promised to help companies create, manage, and deploy non-fungible tokens (NFTs) in a trusted, scalable, and sustainable way. Go to Source Powered by WPeMatico
Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees
FTX’s legal counsel requested insurers to advance or reimburse Bankman-Fried’s defense costs and fees under the company’s directors and officers (D&O) insurance. Go to Source Powered by WPeMatico
Senator Warren says Fed chair ‘has to recuse himself’ from reviewing regulatory failures
Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve’s supervision and regulatory activities following Silicon Valley Bank’s closure. Go to Source Powered by WPeMatico
Meta scraps NFTs on Instagram and Facebook: Nifty Newsletter, March 8–14
Meta discontinues NFT services on Instagram and Facebook, and Binance NFT marketplace adds support for trading NFTs on the Polygon blockchain network. Go to Source Powered by WPeMatico
Swiss National Bank says it would support credit Suisse if necessary
Swiss regulators reaffirm the soundness of the Swiss financial system, following recent concerns about Credit Suisse. Go to Source Powered by WPeMatico
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
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, … Read more
Why isn’t the Federal Reserve requiring banks to hold depositors’ cash?
The fact that most banks aren’t required to keep your money on hand makes it likely that more bank failures will occur in the months ahead. Go to Source Powered by WPeMatico
Bitcoin hash rate continues to rise, but DeFi is under threat: Report
New hardware is revolutionizing the mining industry, while other crypto sectors continue to falter. Go to Source Powered by WPeMatico