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First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

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According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley … Read more

Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon

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The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications. Lens Protocol Is Live – Aave Founder Believes People … Read more

Wendy McElroy: Crypto Can Create a “Perfect” Political System

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The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 6 Crypto Can Create a “Perfect” Political System The anarchists…work not for a perfect social state, but for a perfect political system. A perfect social state is…totally free from sin or crime or folly; a perfect political system is merely a … Read more

PR: Viola.AI Introduces REL – Registry – The World’s First Global Relationship Registry on The Blockchain

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SINGAPORE – Viola.AI, the world’s first blockchain-powered Relationship Registry and Love AI that is created by the team behind dating giant Lunch Actually Group, has introduced REL-Registy — a global and transparent relationships and marital registry. REL-Registry protects users through decentralized ID verification with visual recognition and social media accounts and hashes their relationship status on to … Read more