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The United States Government Accountability Office, or GAO, has released its preliminary review of the failures of Silicon Valley Bank and Signature Bank — and included exposure to deposits from the cryptocurrency industry.In a report released on May 11, the GAO said “poor governance and unsatisfactory risk-management practices” led to
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U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S. bank deposits should the current banking crisis worsen. The current deposit insurance cap under the Federal Deposit Insurance Corporation stands at $250,000, however, following the collapse of several banks in March,
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The app, codenamed P92, will be a standalone product for sharing text updates Source
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The metaverse, also known as the virtual universe, is a concept that has been around for decades in science fiction literature but has recently gained traction as technology has advanced to make it a more realistic possibility. Essentially, the metaverse is a virtual world that is fully immersive and interactive,
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Cryptocurrency exchange Binance plans to continue supporting its Binance USD (BUSD) stablecoin despite its issuer, Paxos Trust Company, facing a stop order from American regulators.As reported by Cointelegraph, the New York Department of Financial Services (NYDFS) has ordered blockchain firm Paxos to cease issuing dollar-pegged stablecoin BUSD. Paxos has also
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“POS chain continues to exist and operate the way it does today. And the Polygon zkEVM will be a separate network,” Bjelic said. “We will have two networks running in parallel, with different value propositions, i.e. features and tradeoffs. Each application will be able to decide which level of security,
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Place/Date: - January 21st, 2023 at 9:38 am UTC · 4 min read Source: Big Eyes Coin Welcome to the world of crypto, where innovation, growth, and community are the key ingredients to success. In this article, we’ll be exploring three of the most notable players in
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John Ray, who took over as CEO of cryptocurrency exchange FTX prior to bankruptcy proceedings, has reportedly set up a task force to consider restarting FTX.com.According to a Jan. 19 report from the Wall Street Journal, Ray said everything was “on the table” when it came to the future of
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Place/Date: - January 9th, 2023 at 1:00 pm UTC · 4 min read Source: HedgeUp You may be wondering what whales are in crypto. Whales are investment entities or individual investors that hold a considerable amount of cryptocurrency. They check ahead of time if a token or
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You thought we’d talk more about FTX huh, didn’t you? We will, but not this week. CoinDesk published its annual Most Influential series on Monday, highlighting a number of regulators, lawmakers and similarly impactful individuals. I spoke to Carole House, one of the authors of the White House executive order
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