Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line.
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On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report BankBitcoinfailuresFDICFedMajorNewsReportsRevealVulnerabilities Read More
Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he, she, or they had “moved on to other things” BitcoinCreatorsDecadeDisappearingemailsFeaturedNewsRevealthoughts Read More
Second, if we look at a wider time horizon (as illustrated below), the mining group still outperforms the Nasdaq between April 2020 and April 2023., winning 90% to 63%. The blockchain group is down 12%. Crypto miners benefitted from a huge bubble in the first half of 2021 (traded between ActivityBlockchaincompaniesCryptoExchangesMinersRechRevealStrong Read More
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In a recent blog post, the creator of ethereum disclosed that he used ChatGPT 3.5 to develop a method for streamlining people’s use of public transportation.
Vitalik Buterin outlines how decentralized autonomous groups and blockchain can ChatGPTPowerRevealTestsVitaliks Read More
After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 25bpsBitcoinEconomicsEconomistsexpectFedHikeNewsPausingRateRestReveal Read More
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the advisableArabiaArentBitcoincutCutsEconomicsHouseInsistsNewsOilOPECProductionRevealSaudiSurpriseWhite Read More
One thing that has distinguished traditional banking from crypto, in the eyes of many financial experts, is stability. There's a strong belief that most people who put money into an account at a prominent bank will generally leave it there, indefinitely – whether due to comfort, satisfaction, relationships, laziness, lots BankDepositsInternetMagicMoneyRapidRevealRuns Read More
Even if poor results can happen with a sound thesis (maybe an unexpected event changes conditions), what matters is the extent to which those individuals or institutions can sway markets by their mere presence. Like a large ocean vessel, large capital flows often take other things with it, even if CapitalCryptoMoneymovingRevealSmartTools Read More
The global cryptocurrency exchange OKX released its fifth edition of its proof-of-reserves (PoR) report, which it began releasing in Nov. 2022 in its effort for more transparency in the industry. According to the latest edition, OKX holds $8.9 billion across Bitcoin (BTC), Ethereum (ETH) and the Tether stablecoin (USDT). This 8.9BAssetsBitcoincryptoexchangeExchangesLatestOKXProofofReservesReveal Read More