According to reports, Terraform Labs co-founder and defendant Do Kwon will file an appeal against the court’s decision to prolong his custody by up to a month in Montenegro. The 31-year-old developer apparently went into hiding for a while when the project’s native token, LUNA, and its algorithmic stablecoin, UST,
For $500 million, First Citizens Bank has purchased Silicon Valley Bank (SVB). Compared to its $40 billion valuation a year ago, the crypto-friendly Silicon Valley Bank is currently being bought for a whopping 99% discount. As of now, First Citizens BancShares has accepted deposits totaling $119 billion. On Monday, the
Chinese state-owned banks have emerged as an unexpected source of possible support for the influx of cryptocurrency businesses into Hong Kong after the city granted access to the beaten-down industry. Moreover, Chinese banks have been reaching out to crypto firms directly over the last few months, adding to indications that
Fujitsu, a major Japanese technology company, has applied for a trademark with the US Patent and Trademark Office (USPTO). Indicating its intention to provide cryptocurrency trading brokerage services, among other crypto and non-crypto financial facilities. According to the March 16 trademark application submitted by Fujitsu. The company is seeking registration
In an 86-page report published on March 24. The United States Federal Reserve explained why it had rejected Custodia Bank’s membership application back in January. Among them, the bank’s crypto-related activities also finds a place. The report claims that the Fed’s board has expressed concerns about banks with business strategies
After the recent airdrop, the price of Arbitrum’s native ARB was highly volatile, eventually settling within the top 40 most valuable cryptocurrencies. After the project released the much-anticipated token to users of the Ethereum scaling network, as of this writing CMC ranked it as the 37th biggest digital asset by
On Saturday, Cardano crossed the 4 million wallet milestone. On this occasion, Dan Gambardello, founder of Crypto Capital Venture, stated Cardano is better positioned than Ethereum. He sees it as a significant event that portends a significant increase in the price of ADA, maybe as high as $15. Dan Gambardello
Recent whale observations suggest an unprecedented level of activity. Before the most anticipated Ethereum Shanghai update that will permit staked Ethereum withdrawals, crypto whales are buying up ETH in the millions. Many ETH have been moved from cryptocurrency exchanges to wallets in the previous 24 hours, according to Whale Alert.
The cryptocurrency market is now enjoying positive momentum, having just recovered from a dismal spell that lasted throughout February. Bitcoin and Ethereum, the two digital currencies leading this upswing, are doing particularly well despite heightened US government regulation. Arbitrum (ARB), PancakeSwap (CAKE), and Ethereum (ETH) are the top three most
After weeks of anticipation, Dogecoin developer Michi Lumin has released Libdogecoin 0.1.2. Lumin writes extensively on Twitter about how this new release is a consolidation of the previous 0.1.1 update. Mishaboar, a dedicated Dogecoin Twitter account, also made the announcement. Hey #Dogecoin! #Libdogecoin 0.1.2 is out – Libdogecoin's aim is
