Circle clears ‘substantially all’ minting and redemption backlog for USDC
The stablecoin issuer said as at U.S. banking close on Wednesday, it redeemed $3.8 billion…
Day: 15 March 2023
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
Terra Luna’s former co-founder, Do Kwon, who lost $11 million in the bet, is currently…
Blame traditional finance for the collapse of Silicon Valley Bank
Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the…
OpenAI co-founder’s ‘World ID’ project launches, along with SDK waitlist
The new IDs will allow users to prove they are unique humans without revealing personal…
Gensler suggests staking token operators should ‘seek to come into compliance’
The SEC head was speaking impromptu to reporters after a commission meeting when he was…
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
Speaking at the SXSW conference in Austin, Molly White compared crypto companies’ current predicament to…
Salesforce Web3 to help brands build trusted and scalable NFT programs
The platform promised to help companies create, manage, and deploy non-fungible tokens (NFTs) in a…
Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees
FTX’s legal counsel requested insurers to advance or reimburse Bankman-Fried’s defense costs and fees under…
Senator Warren says Fed chair ‘has to recuse himself’ from reviewing regulatory failures
Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve’s supervision…
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax…
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by…
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments,…
Openai’s GPT-4 Launch Sparks Surge in AI-Centric Crypto Assets
Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused…
Why isn’t the Federal Reserve requiring banks to hold depositors’ cash?
The fact that most banks aren’t required to keep your money on hand makes it…
Bitcoin hash rate continues to rise, but DeFi is under threat: Report
New hardware is revolutionizing the mining industry, while other crypto sectors continue to falter. The…