Ad FDIC guarantees all deposits but investors suffer losses in SVB and Signature failures, with Basel III endgame reforms crucial to enhancing the banking system’s resilience, says a Fed official. Silicon Valley Bank is set to be discussed in a hearing on Tuesday by a top Federal Reserve official, who plans to tell lawmakers that…
Ad Nvidia’s Chief Technology Officer, Michael Kagan, has expressed a negative view on cryptocurrencies, stating that they do not “bring anything useful for society,” whereas “AI does.” Crypto isn’t ‘useful for society’ According to Kagan, AI applications such as the chatbot ChatGPT have more value than mining crypto. Kagan’s comments are not too surprising given…
Latest Report De-dollarization: Do all roads eventually lead to Bitcoin? The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market deport explores the de-dollarization of the world to find what role will Bitcoin play in the global economy. Andjela Radmilac · 2 days ago
Ad New York-based Nasdaq Stock Exchange is looking to launch a crypto custody service by the end of the second quarter, Bloomberg News reported on March 24. The exchange first announced its plans to set up a digital asset business in September 2022 and has been steadily working on setting up the division over the…
Ad Crypto exchange Uphold, which is integrated into the Brave Rewards program of the Brave browser, has sent an email to customers indicating that it will end its staking services to U.S. customers on April 27, 2023. Following recent moves by the SEC to crack down on crypto-related products and companies, Uphold announced that it…
Ad The cross-chain NFT marketplace Magic Eden has launched its long-anticipated gaming hub, Magic Eden Games, following an announcement on March 22. Magic Eden Games is on a mission to assist gamers in uncovering the finest web3 gaming experiences. Every game on their platform is given a dedicated “explore game” page, which includes a detailed…
Ad Network activity on Arbitrum has been booming, with the popular Ethereum layer-2 solution seeing an unprecedented uptick in the number of transactions and addresses. According to data from Arbiscan, the network processed over 1.3 million transactions on March 21 — up from 1 million transactions recorded on March 20. The sharp increase in the…
Ad Under the radar, one of the most significant changes to the Ethereum ecosystem has been announced with little to no community reaction. Account abstraction is a core advancement in web3 account management, but the current roadmap brings a new goal — to remove Externally Owned Accounts (EOAs) entirely from the Ethereum ecosystem. The term…
Ad Accounts created on Ripple-backed XRP Ledger (XRPL) are nearly reaching 5 million — an indication of its growing adoption and uses, according to Messari data. XRPL is a digital payments infrastructure powered by Ripple’s native token, XRP. The decentralized network has seen a spike in the total number of accounts created on the platform…
Ad Github’s Polkadot (DOT) developer community may be tapering, but it is still an industry leader. Twitter account @ProofofGithub, has been charting such activity since DeFi summer of July 2020. “Find out who’s actually building in the bear market.” On March 22, Proof of Github highlighted the daily development activity. The price of DOT at…