Cryptocurrency Analysis and News Portal
"It has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries that extract value from both the provider and recipient. Looking under the hood at these arguments,
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“We are calling upon the government to find a path forward,” Su Carpenter, director of operations at CryptoUK, told Economic Secretary Andrew Griffith in a letter dated Tuesday. "Blanket bans and restrictions of transfers from U.K. banks to crypto asset platforms … will have the effect of fundamentally undermining the
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If crypto and financial developments move overseas, it could be a threat to U.S. national security, Carole House, co-author of President Biden’s executive order on crypto, said. Source
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In the wake of three major banks with ties to crypto firms collapsing, software engineer Molly White believes companies now looking at banking options may have to face “shadier” solutions.Speaking on March 14 at a South by Southwest (SXSW) panel in Austin, Texas on ‘Popping the Web3 Bubble’, White opined
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A white hat hacker borrowed $1.59 million in assets despite depositing one GMX token. Source
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An alleged ethical hacker has drained $1.59 million from the decentralized finance (DeFi) lending platform Tender.fi, leading the service to halt borrowing while it attempts to recoup its assets.Web3-focused smart contract auditor CertiK, and blockchain analyst Lookonchain, flagged an exploit that saw funds drained from the DeFi lending protocol on
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The Biden Administration is “aware of the situation” at Silvergate and will continue to monitor reports on the troubled bank as it unfolds, according to a White House spokesperson.Speaking at a press briefing on March 6, Press Secretary Karine Jean-Pierre said the White House has noted that Silvergate marked another
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During her White House press briefing Monday, Jean-Pierre said she couldn't speak to Silvergate specifically, but noted that a number of crypto companies have "experience[d] significant issues" in recent weeks and pointed to statements from federal bank regulators warning of the risk cryptocurrencies could pose to banks and other financial
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Riot Platforms, a bitcoin (BTC) only mining firm in the United States, has responded to the White House Office of Science and Technology Policy’s (OSTP) request for information (RFI) on bitcoin, the transactional blockchain network that’s also the world’s largest by market capitalization. Riot Platforms responds to White House OSTP’s RFI In
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On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities
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