Bipartisan bill for blockchain competitiveness passes US House
The Deploying American Blockchains Act of 2023 gives the Commerce Department a role in advancing blockchain technology. Go to Source
2023
Auto Added by WPeMatico
Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton Bank
In the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The Federal Deposit Insurance Corporation (FDIC) has stepped in as receiver, with Fulton Bank assuming nearly all deposits and assets. Republic First Bank Shuttered as FDIC … Read more
3 things we might see from crypto as 2023 winds to an end
Don’t be surprised if we see more investment, more regulation and more artificial intelligence defining crypto during the last two months of 2023. Go to Source
Marathon Digital Q2 results miss revenue and earnings forecasts
Despite the earnings miss, Marathon’s CEO said it mined a record 2,926 Bitcoin over the second quarter of 2023. Go to Source
Former CFO indicted for diverting $35M to cryptocurrency venture
In the event of a conviction for wire fraud, Nevin Shetty could face up to 20 years in prison. Go to Source Powered by WPeMatico
US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a closer look at what has triggered a ‘great consolidation’ in the banking sector, a … Read more
Bitcoin and liquid staking protocols lead crypto resurgence in Q1 2023
The first quarter of 2023 saw Bitcoin outperform traditional assets after a 72% quarterly gain in market capitalization. Go to Source Powered by WPeMatico
SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023
2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, … Read more
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report
Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of … Read more
Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs
Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest Mining Expansion Bitcoin mining company, Iris Energy, announced plans […] … Read more
