Industry heavyweights are in legal hot water as a result of the worldwide financial crisis sparked by the failure of the Crypto-friendly Silicon Valley Bank (SVB). Underwriters including Goldman Sachs Group Inc, Morgan Stanley & Co., and Bank of America Corp, as well as SVB’s auditor, KPMG LLP, have allegedly
After finding Bitcoin’s whitepaper in the macOS, there is controversial talk going on in the crypto world that Steve Jobs is actually the real Satoshi Nakamoto, the creator of Bitcoin. On April 5, technologist Andy Baio shared a blog after discovering the Bitcoin white paper while attempting to fix his
Authorities in Singapore are making a concerted effort to provide recommendations for banks on verifying cryptocurrency clients. Banks in the city-state have been collaborating with regulators over the last six months. In order to develop industry-wide guidelines for vetting cryptocurrency consumers. Singapore’s monetary authority, the Monetary Authority of Singapore (MAS),
The opposition leader in Thailand has pledged to give every citizen $300 (10,000 Thai Baht) in a cryptocurrency airdrop as part of his campaign for prime minister. Srettha Thavisin, who is running for the post in the upcoming May elections, has made this assertion. Thailand’s opposition party leaders have made
Ripple’s native token, XRP, has maintained a positive incline over the past few days. Microeconomy is growing and competing with the influence of macroeconomy. We can witness this with the stabilization of Bitcoin (BTC). But not every cryptocurrency is undergoing a positive change. Some are in oscillating motion too. When
Bitcoin intimidated the global macroeconomy with its recent bullish rally during the US bank runs. During the previous financial crisis and liquidity crunches, the Bitcoin price dipped to bottoms with notable declines. But the 2023 US banking crisis witnessed an initial double-digit surge in BTC. Significantly, it surged 65% year-to-date
According to the report by the United Nations (UN), North Korea has allegedly stolen $1 billion worth of cryptocurrency assets in a year. The report, states that North Korea using cyberattacks to target cryptocurrency exchanges and financial institutions to obtain digital assets. The report states that these attacks are part
Bitcoin (BTC) price has been on the rise recently, despite the introduction of potentially harmful legislation. This increase in value has been surprising to many in light of the negative impacts that such regulations could have on the crypto industry. Nevertheless, it appears that investors are confident in the future
The United States Department of Labor (DOL) said on Thursday that around 228,000 people applied for unemployment benefits in the week ending April 1. The market had predicted 240,000 jobs would be created, hence this number was below expectations (which was corrected from 191,000). The report also gave the advance
Post the courtroom drama, former U.S. President Donald Trump lashed out at the Biden administration and its handling of the currency. The former president has projected that the United States dollar would no longer be the world’s reserve currency if its current decline continues. There was an Indictment on 34
