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In case of a scenario where the First Republic Bank fails, the FDIC will likely want to avoid systemic risk and offer insurance to all the bank’s depositors, even those not covered by insurance. The banking crisis unfolds further, with the US officials trying to coordinate with the private sector to
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“We spent millions on compliance, but even that still wasn’t enough,” Youssef told CryptoX in an interview. “And then to make things worse, in the middle of January,” he went on, “my co-founder decided to sue the company and myself. The litigation got really nasty and he scared away our
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In an interview ahead of Consensus the mononymed podcaster discusses how he built the foundation to collaboratively build a Web3 media empire. Source
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A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony.According to reports, a top Russian official has claimed that the BRICS alliance is working on creating its own currency. BRICS is an acronym for five leading emerging economies: Brazil, Russia,
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Cryptox has released Episode 8 of its Crypto Trading Secrets podcast, featuring an interview with trader, investor, podcaster and YouTuber Chris Dunn, who touts experience in mainstream markets as well as about 10 years of activity in the crypto space. The trader and investor answered questions asked by host Benjamin
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Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter. In an on-chain message to Euler on March 20, days after sending funds to a red-flagged North Korean address, the
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FTX may yet have a chance to establish itself as a force to reckon with in the crypto space. Plans to launch FTX 2.0 may gradually be shaping up after Wall Street investment firm, Jefferies, confirms that it is in talks with a potential buyer for the failed FTX exchange. If
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In this week’s episode of Market Talks, Cryptox welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.We start things off
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The crypto ecosystem has spent over a decade proving it can disrupt the status quo as crypto and blockchain technologies like cryptocurrencies, nonfungible tokens (NFTs), and blockchain-based games go head-to-head against their mainstream counterparts.While Bitcoin (BTC) has managed to shoulder its way closer to mainstream adoption, the same cannot be
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In mid-November 2022, Hut 8 stopped mining with 7,000 rigs at a site in North Bay, Ontario due to an ongoing dispute with its energy provider, Validus Power. Hut 8 has now removed all machines from the facility to a site in Medicine Hat, Alberta. Pressed about progress by analysts
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