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US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell ‘Bears Direct Responsibility’
20.3.2023
U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for regulatory...
SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report
19.3.2023
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following SVB UK’s "near-collapse.”
Lightning Labs’ Taro Project Faces Halt as Judge Issues Temporary Injunction for Trademark Infringement
16.3.2023
The decision in the case brought by fellow blockchain software developer Tari Labs raises questions about trademark enforcement in the open source community
Blockchain is the answer to Russia's settlement issues, banking exec says
15.3.2023
There is no technical reason preventing Russia from creating its own blockchain-based system, blockchain provider Fuse Network's CEO believes
Breaking: Shanghai upgrade executed on testnet but not without issues
14.3.2023
Ethereum validators are now one step away from being able to unstake their Ether from the Beacon Chain
How and why do stablecoins depeg?
12.3.2023
Discover the causes and mechanisms behind stablecoin depegging
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
12.3.2023
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle...
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
11.3.2023
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of...
Fed Chair Powell Provides Update on US Central Bank Digital Currency
10.3.2023
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that...
US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution
9.3.2023
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and...
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
9.3.2023
The Canadian mining firm has pulled 7,000 machines from a site due to litigation and is troubled by "electrical issues" at another site
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue
9.3.2023
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems....
Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design
8.3.2023
Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three...
Plus: Wo Long, Phantom Brigade debut with a flourish* this week!
3.3.2023
*Except PC performance issues for Wo Long. Sigh
Bitcoin Miner Riot Delays 10-K Filing Due to Impairment Calculation Issues
2.3.2023
The delay follows a similar move earlier this week by Marathon Digital on similar grounds
Russian bank issues first on-chain bank guarantee in Chinese yuan
2.3.2023
The transaction was performed through the Masterchain blockchain platform, which is the Russian national blockchain network
US Treasury-led CBDC Working Group looking at technical issues, national interest
2.3.2023
Treasury Under Secretary for Domestic Finance Nellie Liang examined some of the design issues that would shape a potential U.S. digital dollar
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain
2.3.2023
A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payments is growing. MKB Employs Bank of Russia’s...
Metaverse Competition Issues Need Addressing, EU Antitrust Chief Says
2.3.2023
The European Commission is set to produce a strategy for online virtual worlds shortly
Twitter down the same day Jack Dorsey launches decentralized alternative
1.3.2023
Thousands of Twitter users were unable to view tweets while Jack Dorsey’s decentralized social network Bluesky grabbed attention online