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The Federal Deposit Insurance Corporation (FDIC) published a 63-page report outlining issues Signature faced, attributing its failure to “poor management,” saying the bank heavily relied on uninsured deposits, did not have strong liquidity risk management practices and maintained poor risk management in general. These factors were exacerbated by a bank
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CertiK has attributed the over $1.82 million loss suffered by zkSync-based decentralized exchange, MerlinDEX, to a private key management issue rather than an exploit by bad actors. CertiK conducted an audit on MerlinDEX’s smart contracts before
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Maple’s new lending pool offers accredited investors, crypto firms and DAO treasuries a way to earn yield on their idle stablecoin holdings by investing in one-month U.S. Treasury bills. Original Source
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Cubist also announced that Web3 staking provider Ankr is its first key management customer. Source
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HashKey is looking to attract both private and institutional investors with its newly-launched platform. Digital asset firm HashKey Group has added wealth management services to its list of offerings. The Hong Kong-based firm shared the development via a Friday, April 14 announcement. Per the announcement, there is presently a high demand
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Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform geared toward professional and institutional investors.In an April 14 announcement, HashKey cited “significant demand from investors to access virtual assets” as the reason for its move into the wealth management space.Deng Chao, the CEO of the
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FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled by a small group
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In today’s globalized economy, supply chain management plays a critical role in ensuring the smooth and efficient flow of goods and services. As supply chains become more complex and interconnected, businesses face increasing challenges related to transparency, traceability, and trust. One technology that promises to address these challenges and revolutionize
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The recent banking failures involving the fall of Silicon Valley Bank (SVB), Signature Bank, and Silvergate Bank, have high-profile government individuals trying to find a culprit. U.S. President Joe Biden and former President Donald Trump have publicly blamed each other’s policies for the outcome, but according to some analysts, the
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