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After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade.Hong Kong-based Global Shipping Business Network (GSBN), a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial logistics tool in the
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The Federal Reserve’s new Bank Term Funding Program is a backstop for banks – but also a license to let interest rates rip. Source
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The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse. According to a March 15 Bloomberg report citing people familiar with the matter, investigators with the Justice Department were examining whether Signature took adequate measures to detect potential money laundering by its
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Now, the network has been shut down – closed last week as the bank’s parent company, Silvergate Capital Corp., acknowledged there were questions about its ability to continue as a “going concern,” and that it would be late in filing an annual report with securities regulators. Even before the announcement,
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Speaking on a video call from a high-rise Singapore office building, Folkvang founder Mike van Rossum provided a candid account of the "messy" situation surrounding FTX's collapse and the aftermath. Source
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Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails
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As evidence, the Cred Liquidation Trust points out that Cred’s founder, Dan Schatt, was a member of Uphold’s Board of Directors. The suit also claims CredEarn was at one time supposed to be called UpholdEarn. It was renamed, says the suit, to avoid regulatory risk. Original Source
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A former lead developer for the Bitcoin network has postulated a possible future for the world’s most popular cryptocurrency which includes an epic price prediction.Software developer Gavin Andresen published a recent blog post called “A Possible BTC Future” in which he predicts the demise of the Bitcoin network.Before BTC meets
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On May 9, we wrote that the Loom Network, a platform-as-as-service blockchain project, appeared to no longer be active. Representatives from the platform have since responded publicly to Cryptox, indicating that the project is, in fact, alive and well.Communication in stasisFollowing the departure of the network’s CEO, the project announced
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