SVB Bank Fails, FDIC Assures Insured Depositors Up to $250K
admin • U.S. regulators closed Silicon Valley Bank (SVB) following a significant drop in the firm's stock value and reports of a bank run on deposits. • Federally insured depositors, up…
RBI Official: India’s Digital Rupee to Act as Crypto Alternative
• India's Central Bank is exploring the offline functionality of its digital rupee. • The CBDC will act as an alternative to cryptocurrencies, with all the attributes of physical currency,…
JPMorgan Launches Blockchain Innovation Lab in Greece
• JPMorgan has announced the launch of a new blockchain innovation lab in Greece. • The lab will be focused on developing applications for Onyx, the bank’s blockchain platform, and…
Cryptoqueen’s Ex Gets 5 Years for Laundering $300M Onecoin Money
• Gilbert Armenta, former boyfriend of Onecoin founder Ruja Ignatova, was sentenced to 5 years in prison for laundering $300 million of proceeds from the scam. • Founded in 2014,…
El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed
• El Salvador has adopted Bitcoin as legal tender and the IMF acknowledges that risks have not materialized due to its limited use. • The IMF warns of potential risks…
Capitual and Azimut Join Forces to Offer Crypto Services in Europe
• Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. • The deal includes…
Kazakhstan Senate Approves Bill to Regulate Crypto Mining and Exchanges
• Kazakhstan's Senate has approved a bill that seeks to regulate cryptocurrencies and related activities in the country. • The law "On Digital Assets in the Republic of Kazakhstan" creates…
Ethereum Finalizes Shadow Fork, Unlocking 16M ETH for Validators in March 2023
• Ethereum developers have begun finalizing the Shanghai upgrade “shadow fork” as a testing environment for the upcoming Shanghai hard fork. • This fork will focus on allowing staked withdrawals…
Digital Lari: Georgia Set to Launch Pilot Version in 2023
• The National Bank of Georgia (NBG) is preparing to launch a pilot version of its digital lari in the first half of 2023. • The NBG is set to…
Bitcoin, Ethereum Consolidate as Price Uncertainty Heightens
Bulletpoints: • Bitcoin (BTC) and Ethereum (ETH) experienced technical analysis on Tuesday, with BTC remaining near its ceiling at $17,400 and ETH trading close to $1,350. • BTC/USD hit a…