Microsoft is quietly testing a built-in crypto wallet for its Edge browser, as reported by software preservationist Albacore in a March 13 tweet. Edge wallet is still in testing Microsoft has not officially announced the wallet project, and the wallet’s introductory pages do not indicate which cryptocurrencies are supported. However, those pages mention a “foray into…
SVB Financial Group, the parent company of Silicon Valley Bank, has filed for bankruptcy protection, according to a press release from the company on March 17. SVB files for reorganization The announcement indicates that SVB Financial Group has voluntarily filed for a court-organized reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing has…
Contributor at CryptoSlate Dorian Batycka is a journalist interested in art and technology. He has previously contributed to CoinDesk, Decrypt, Artforum, Artnet News, the Art Newspaper, and many others. He can be found on Twitter and Instagram @temp_projects, where he often memes his way through current financial and art news, scandals, and events.
Gemini Exchange co-founder Tyler Winklevoss described the US banking system as a modern-caste system where the people with the top banks are protected while the rest are exposed to risks. In a March 17 Twitter thread, Winklevoss categorized US bank customers into those banked by the bulge bracket banks, regional banks, and unbanked banks. The Bulge…
BlackRock CEO Larry Fink said in his annual letter to investors outlining what he contends are the most urgent and rapidly changing developments in crypto and traditional finance. The 9,000-word document, published March 16, touches on everything from the geopolitical crisis and the war in Ukraine to strategies for long-term growth and digital assets to…
Increasingly, Chinese toll booths are enabling drivers to pay highway tolls using the country’s CBDC. The province announced that it has established e-CNY “tax payment points” in unmanned “electronic tax bureaus” and banks across the area. It disclosed that individuals and businesses had utilized these payment options and others to pay $254 million in taxes…
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U.S.-based crypto exchange Coinbase is considering setting up an offshore exchange due to the recent regulatory clampdown on the crypto industry, Bloomberg reported on March 17. Coinbase reportedly contacted some institutional clients to discuss setting up an alternative marketplace for global users. While the location for this exchange is undecided, Bloomberg reported that the firm…
Binance will no longer hold BUSD in its Secure Asset Fund for Users (SAFU) and has swapped the stablecoin for ERC-20 TUSD and BEP-20 USDT, according to a March 17 press release. The world’s largest crypto exchange said the swap was seamless and will not affect users. It also provided the wallet addresses where it…
An EU member of parliament has recently tweeted that he believes an EU-wide ban should be imposed on crypto. In a tweet from March 17, Johan Van Overtveldt, a former finance minister of Belgium and current member of the European Parliament, urged for a total ban on cryptocurrencies amid the recent turmoil in the banking…