On March 16, 2023, the Ethereum layer two (L2) scaling solution Arbitrum launched a self-executing decentralized autonomous organization (DAO) governance model and a native governance
Author: Lena Castillo
First Republic Drops 60%, Bank Considers Strategic Options
Trading of First Republic Bank stock was halted due to extreme volatility as the San Francisco-based bank considers strategic options, including a potential sale. The
The FedNow Instant Payment Service is Set For July 2023 Debut
The United States Federal Reserve has confirmed that it will launch its instant payment system, FedNow, in July. This move is a significant step for
Anchorage Digital Asset Bank Announces 20 % Reduction In Force
Anchorage Digital, a federally chartered digital asset bank, announced on March 14 that it will be reducing its headcount by approximately 20%, or 75 employees,
According To Juniper Research: CBDC Transactions to Exceed $213 Billion by 2030 Globally
According to a new report by Juniper Research, payments made through central bank digital currencies (CBDCs) are expected to reach $213 billion per year by
Silicon Valley Bank Facing Multiple Investigations By SEC & DOJ
The United States Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating Silicon Valley Bank (SVB), which was taken over
HSBC Rescues The British Arm of Silicon Valley Bank
In a dramatic turn of events, HSBC has come to the rescue of the British arm of Silicon Valley Bank (SVB), which had been struggling
Another Digital Asset Issuer Registered by Bank of Russia
The Central Bank of Russia has added a new entity to its register of approved issuers of digital financial assets. The platform, known as ‘Masterchain,’
Your Crypto Transactions Are Seen Says The Australian Tax Authority (ATO)
The growing popularity of cryptocurrencies has increased their use for transactions and investments, which has caught the attention of tax authorities. The Australian Tax Authority
Bank of America Still Forecasting 2023 Recession
Bank of America CEO still sees U.S. technical recession in 3rd quarter. Bank of America Chief Executive Officer Brian Moynihan said on Tuesday the U.S.