The recent collapse of FTX, one of the industry’s largest and most trusted crypto exchanges, has opened the debate for setting standards to prove solvency in centralized exchanges. Since the...
Federal Reserve Hikes Rates Up by 25 Basis Points Despite Banking Turmoil
Despite Silicon Valley Bank’s implosion, the Federal Reserve has elected to keep tightening monetary conditions in the United States. 4.75% to 5% range The Federal Reserve is pushing on in...
Governor Ron DeSantis Wants to Outlaw CBDCs in Florida
Florida Governor Ron DeSantis is looking to take steps to prevent residents of the Sunshine State from having CBDCs imposed on them. Surveillance and Control Central bank digital currencies are...
Flagstar Acquires Signature Bank—Except for its Crypto Business
Flagstar is taking over Signature Bank’s operations, but crypto companies may no longer be able to use the institution, the FDIC implied in its press release yesterday. Digital Banking Business...
Project Spotlight
NFT Project Spotlight: Hume’s Music NFT Metastars
August 27, 2022
NFT Project Spotlight: Society of the Hourglass and Its Kid-Friendly Cartoons
August 2, 2022
DeFi Project Spotlight: Euler Finance, the Next-Generation Money Market
July 18, 2022
NFT Project Spotlight: fxhash, the Tezos-Based Generative Art Platform
June 11, 2022
DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins
June 4, 2022
NFT Project Spotlight: Ember Sword, the NFT-Driven MMORPG
After months of feverish anticipation, Arbitrum is finally ready to airdrop a native token—ARB. Here’s what you need to know. Airdrop Claimable by March 23 The Arbitrum community is rejoicing....
Coinbase-Backed Decentralized Social Blockchain (DeSo) Revolutionizes with New Proof of Stake System
DeSo, the decentralized social media blockchain, has introduced a groundbreaking Proof-of-Stake (PoS) system, setting a new standard for the industry. This innovative technology promises to revolutionize and build upon the...
House Majority Whip Questions FDIC Over Crypto Banking “Purge”
Rep. Tom Emmer sent a letter sharply questioning FDIC Chairman Gruenberg following reports that federal regulators were attempting to cut off the crypto industry from the banking sector. A Lazy...
Only a month after halting U.S. dollar bank transfers, Binance is now being forced to cease processing British pound deposits and withdrawals as well. Only 1% of Users Impacted Crypto...
Circle’s USDC Regains $1 Peg After Tumultuous Weekend
After breaking its peg over the weekend and trading as low as $0.87, Circle’s USDC stablecoin is now at $1 again. 1 USDC for $0.87 All eyes are on USDC...
Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures
Narwhal Finance, the decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, announced a $1 million seed round funding led by Animoca Ventures, with participation from Hailstone Ventures...
Silicon Valley Bank Closed Down, Regional Bank Stocks Trading Halted
Silicon Valley Bank, the 18th largest bank in the U.S. by total assets, was closed down by regulators today after it suffered a bank run. Biggest Bank Failure Since the...
Silvergate Bank is winding down operations, but it assured that all customer deposits would be fully repaid. Traditional Banking Risks Another pillar of the crypto industry has succumbed. Silvergate Capital...
U.S. Government Moves $1B of Seized Silk Road BTC, Prompting Liquidation Fears
The DOJ may have sent some of the seized Silk Road funds to Coinbase, but that doesn’t mean they’re about to liquidate. $1.08 Billion in BTC It appears that some...
Powell Warns Fed Could Get Aggressive With Rates Hikes Again
Persistent signs of inflation are forcing the Federal Reserve to contemplate more aggressive rate hikes. Higher and Faster The Fed may not have tamed inflation just yet. Federal Reserve Chair...
The crypto industry may be suffering from a regulatory crackdown in the U.S., but that’s not preventing Kraken from seeking to launch its own bank. Kraken Bank The current regulatory...
