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State Street will continue to work on “a multi-faceted solution for both tokenized securities as well as native tokens,” the bank said, adding that the “regulatory environment for digital assets has continued to evolve, as has the requirements for servicing this asset class.” Original Source
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Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has managed to flip that of tech giant Meta.At the time of writing, data from Companies Market Cap shows Bitcoin's market cap has reached $471.86 billion, surpassing that of Meta’s
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American multinational financial services and banking giant, JPMorgan Chase is reportedly on track to cut its business ties with Gemini Exchange. According to a CoinDesk report citing anonymous sources close to the matter, the relationship between the duo which was birthed back in the first quarter of 2020 is set to
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"Avalanche’s fully customizable subnets were created to help organizations like TSM push the boundaries of what is possible for gaming with sub-second transaction speed, scalability, and security for millions of users," said John Wu, president at Avalanche blockchain parent company Ava Labs. Original Source
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Zurich-based financial powerhouse Credit Suisse plans to improve its operational outlook after losing one of its biggest backers. Credit Suisse recently lost one of its most significant backers after Harris Associates sold out its entire stake in the Swiss banking giant. Harris Associates, Credit Suisse’s top shareholder for several years, decided
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The RBA is set to explore various use cases for its central bank-issued digital currency (CBDC). The Reserve Bank of Australia (RBA) has confirmed that it is teaming up with payments company Mastercard as the testing phase of its CBDC, digital dollar – the eAUD, gets underway. According to the RBA, it
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Visa is still committed to crypto partnerships and will also continue to improve fiat both on and off-ramp. A Tuesday Reuters report claimed that US payments giant Visa was halting its crypto push amid an industry meltdown. However, Visa has now debunked those claims. Reacting to the story via a Twitter
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The crypto winter of 2022 has put severe stress on the balance sheet of DCG. The company is working on major restructuring with the blowup of its crypto lending subsidiary Genesis. On Monday, February 27, crypto conglomerate Digital Currency Group (DCG) announced its results for the last year of
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But Peter Johnson, the lead plaintiff, claimed that Maker advertised the over-collateralization policy as a safeguard that caps losses at 13% and that the collateral would return to users. When ETH’s price sharply dropped in March 2020 during a market-wide crash, his position and that of many others on the
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Netflix shares dropped 5% after the company announced it is slashing prices in Asia, the Americas, and the Middle East. Netflix (NASDAQ: NFLX) recently saw its shares fall following news that the company had slashed its subscription prices. According to reports, the streaming giant attempted to increase subscriber growth by slashing
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