News Recap 2023 #Week20
• PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B Financial technology company PayPal recently disclosed its cryptocurrency holdings in a quarterly report filed to the United States Securities and Exchange Commission. Claiming a combined total of $943 million in cryptocurrency assets as of March 31, 2023, the filing shows a 56% increase […]
News Recap 2023 #Week19
• Fed’s Powell says U.S. banking system is ‘sound and resilient’ after First Republic failure Federal Reserve Chairman Jerome Powell attempted to reassure Americans that the U.S. banking system remains stable following JPMorgan Chase’s JPM, takeover of First Republic Bank earlier this week, the fourth U.S. bank failure this year. “Conditions in [the banking] sector […]
News Recap 2023 #Week18
• Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports Russia has for the first time climbed to second place in the world in terms of total power capacity of the facilities devoted to the production of digital currencies. According to data provided by the country’s largest mining operator, Bitriver, the amount of […]
News Recap 2023 #Week17
• Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach A U.S. congressman has declared he will introduce legislation to have SEC boss Gary Gensler removed from his role. Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared he would introduce […]
News Recap 2023 #Week16
• Bittrue exploited for $24.4M BitTrue is a cryptocurrency exchange platform that allows users to buy, sell, and trade a varietyof cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, and many others. The platformwas founded in 2018 and is based in Singapore, with additional offices in the United States,Japan, and South Korea.According to their twitter, they have […]
News Recap 2023 #Week15
• Due to numerous amount of crypto regulations and fud last last weeks ago We have seen different prices of stable coins. Following the declines in $USDC and $BUSD due to recent de-pegging and regulatorycrackdowns, the market share of $USDT stablecoin hit 60.8%, its highest level since May 2021. Today April 10, 2023, current price […]
News Recap 2023 #Week14
Faith in humanity restored? • Hacker behind $200 million Euler attack apologizes, gives millions of dollars in ether back, and adds Dai to protocol. Following the attack, the Euler team released a statement acknowledging the hack and encouragingaffected users to reach out to the team for support. However, there were no reports of the hackerreturning […]
News Recap 2023 #Week13
⦁ In the last time news, Federal regulators closed down the 16th-largest bank in the US on March 10, 2023. But! ⦁ On March 27, 2023. First Citizens to Acquire Most of Silicon Valley Bank at a $16.5 billion discount, assuming $72 billion in loans and $56 billion in deposits. The failed Silicon Valley Bank, […]
