• The US Federal Deposit Insurance Corporation (FDIC) has given Signature Bank’s crypto clients a deadline to close their accounts and move their deposits by April 2023. • Flagstar Bank, a New York Community Bancorp subsidiary, recently entered an agreement with the FDIC to purchase most deposits and certain loans of Signature Bank. • Cryptocurrency…
Monat: März 2023
E-commerce Gets Boost from Web3: TYB Joins Shopify App Store
• Shopify has added the TYB web3 platform to its App Store, offering e-commerce businesses a seamless way to integrate decentralized technologies. • TYB enables businesses to manage their customer communities securely and offers innovative tools to grow their customer base, engage with their audience, and improve customer loyalty. • The platform features tokenized reward…
Coinbase Delisting: OMG and Augur See Price Drop Amid Suspension
• Coinbase recently announced that it would suspend trading of six cryptocurrencies from its platform, including OMG Network and Augur (REP). • The announcement has caused a significant price drop for both coins, with Augur’s market cap falling 4%, and OMG Network dropping 8%. • The rest of the crypto market is also in the…
CFTC Chair: Ether, Stablecoins Qualify as Commodities
• CFTC chairman, Rostin Behnam, reaffirmed his stance that ether (ETH) and stablecoins should be regulated as commodities. • This is in contrast to the SEC’s position that only Bitcoin (BTC) is a commodity. • The CFTC has taken a more lenient approach to crypto regulation, with the settlement of USDT stablecoin issuer Tether in…
Ethereum Soars to New Heights: Price Predictions for 2023
• Ethereum (ETH) has registered impressive gains in the beginning of 2023, surging to a 90-day high of $1,732. • Coinbase announced the launch of Base, a layer-two sidechain for Ethereum, reflecting its strong fundamentals. • The upcoming Shanghai upgrade is ushering in a new era for Ethereum with its transition from proof-of-work to proof-of-stake…