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On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid … Read more
Bitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events. On Wednesday, the Federal Reserve is expected to increase rates by 25 basis points, with nonfarm payrolls for April being released this coming Friday. Ethereum was also lower in today’s session. Bitcoin Bitcoin (BTC) continued to … Read more
Discover five free AI courses and certifications to help you expand your knowledge of artificial intelligence and machine learning. Go to Source Powered by WPeMatico
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred to the currency as the … Read more
Nigeria’s securities regulator will take at least ten months to determine whether to register a digital asset-related company. Go to Source Powered by WPeMatico
A survey conducted by a local Japanese news outlet revealed that 69.4% of adults want stricter regulations for AI development and implementation. Go to Source Powered by WPeMatico
Future regulation is intended to ensure uniform regulation for all European countries and covered participants. Go to Source Powered by WPeMatico
Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright’s lawsuit. According to Alex Morcos, the “mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation.” The Future of Open-Source Software Development … Read more
The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure. Go to Source Powered by WPeMatico
A crypto project needs strong fundamentals, a solid foundation and the possibility for long-term development. Our researchers have found a project that fits these criteria in Collateral Network (COLT), the world’s first Web3 challenger-lender currently in stage 1 of its presale. Some analysts have even hinted at the possibility of this project achieving 3500% gains … Read more
