First Republic Bank (FRC) now risks a similar fate after Silvergate and Signature Bank failed late last month since it has few choices to turn things around. This might soon become the third big bank to fall this year, spreading widespread panic throughout the United States and abroad. The bank
April 26, 2023 2 mins read
On Monday, the largest cryptocurrency exchange in the United States, Coinbase, sued the Securities and Exchange Commission (SEC), a prominent financial watchdog. Its chief executive minted an NFT and urged the crypto community to “Stand With Crypto” while the exchange pursues legal action to clarify regulatory requirements. Coinbase CEO Brian
April 25, 2023 1 min read
Amazon’s NFT marketplace debut has been pushed out to May, a few weeks later than originally planned. According to prior reports, the IT giant was planning to debut the “Amazon Digital Marketplace” on April 24. The marketplace will first be available to users in the United States, before expanding to
April 25, 2023 1 min read
Because of its positive effects on the economy and the environment, Bitcoin mining has gained a supporter at the World Economic Forum (WEF). After formerly criticizing cryptocurrency for its excessive energy usage, the WEF has begun to endorse some parts of the cryptocurrency market and mining in recent years. The
April 24, 2023 2 mins read
As the whole NFT market collapsed to trade numbers not seen in years, last week saw the floor prices for “blue chip” NFT collections CryptoPunks and Bored Ape Yacht Club (BAYC) fall significantly below $100k worth of ETH for the first time in months. The NFT market has recovered significantly,
April 24, 2023 2 mins read
Coinbase’s Layer 2 initiative seems to be progressing steadily toward a mainnet release. In February of 2023, developers released a testnet version of the Ethereum Layer 2 network. Base was released as a platform that simplifies integration between third-party applications and the Coinbase ecosystem. In their most recent post, the
April 23, 2023 1 min read
Due to the SEC’s lack of regulatory clarity, the largest cryptocurrency exchange in the United States, Coinbase, is apparently looking to relocate its operations offshore. Coinbase, though, seems to be preparing for a protracted court struggle rather than a swift resolution. Met with the SEC today. We’ll continue pushing for
April 23, 2023 2 mins read
LayerZero, a cutting-edge omnichain interoperability protocol, and Radix, a cutting-edge Layer 1 protocol centered on providing user-friendly crypto experiences, today announced a landmark cooperation to integrate LayerZero with the Radix Babylon public network in the second half of 2023. The rapidly expanding Radix ecosystem will benefit from this partnership’s frictionless
April 20, 2023 2 mins read
The planned purchase of defunct US crypto lender Voyager Digital especially by Binance.US has been blocked by authorities on many occasions during the last few months. Recently, however, Voyager reported that the Unsecured Creditors Committee (UCC) had struck an agreement with the U.S. government allowing the purchase plan to go
April 20, 2023 2 mins read
To enable the transfer of ERC-20 tokens from Ethereum to natively wrapped fungible tokens (Jettons) on TON, the TON Foundation, a non-profit organization of developers and enthusiasts behind The Open Network (TON), has announced the rollout of a two-way bridge. Moreover, the press release claims that the bridge would provide
April 19, 2023 1 min read