The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin, which contributed to a $40 billion wipeout in the Terra ecosystem last May. Two agencies within the department — the […]
Barely one year after announcing plans to allow sharing of digital collectibles on its Instagram platform, Meta is pausing the project. Meta Commerce and Fintech lead Stephane Kasriel announced the change on Twitter. The tech […]
Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force. According to a March […]
Coinbase has resumed USDC to USD conversion as the banks reopen after the weekend break. And the stablecoin has regained its $1 peg. As crypto recovers back to normal after a weekend full of volatility, […]
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally […]
People in the crypto space are talking about the Metaverse as a revolutionary innovation that will transform the Internet as we know it. As its name suggests, Metaverse means “beyond the universe”, describing a virtual […]
Cryptocurrency prices have soared as investors breathed a sigh of relief that US regulators moved to bolster the US banking system after the collapse of Silicon Valley Bank. Bitcoin and ether, the two most widely-traded […]
Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Overcomes Current Obstacle as It Advances to the High $22.4K – March 13, 2023 Bitcoin is currently trading back above the […]
US critics deride it as the “Biden coin”, Europeans worry their privacy is at risk, while in China few are prepared to ditch tried-and-tested payment apps for the state-backed equivalent. About 85 central banks are […]
Key takeaways Crypto-friendly bank Signature Bank has been shut down by New York Banking authorities. The Federal Reserve said the decision was made to protect the US economy and strengthen public confidence in the banking […]
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