We will be looking at the top 5 gainers and losers of the week, providing a brief description of each crypto & their performance. The post Access Protocol, SingularityNET Lead Top 5 Crypto Gainers and Losers of the Week appeared first on BitPinas.
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.
China’s parliament member calls for NFT regulations at ‘Two Sessions’
Feng Qiya, a member of parliament, says that the deliberations will cut through technological and regulatory aspects to unify China’s burgeoning NFT industry. […] Read More… The post China’s parliament member calls for NFT regulations at ‘Two Sessions’ appeared first on CoinGeek.
Anatoly Yakovenko: The Founder of Solana
Yakovenko is pioneer in the blockchain space, and since creating Solana in 2017, he’s taken a leading role in crypto. Continue reading at DailyCoin.
Philippines Creates Interagency Committee to Combat Inflation
Marcos Jr. approved the establishment of a high-level inter-agency advisory body called the Interagency Committee on Inflation and Market Outlook. The post Philippines Creates Interagency Committee to Combat Inflation appeared first on BitPinas.
Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs […]
Quant bounced after hitting January lows, bulls can sustain recovery if…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion QNT hiked 7% in the past 24 hours. QNT showed price/open interest (OI) divergence. Quant [QNT] cleared all the gains made in early 2023 after retesting January lows. It was stuck between the $128.5 […]
Circle’s USDC Reserve Exposure and Potential Risks
Circle’s latest audit report reveals that the company’s exposure to the US banking system stands at nearly $9 billion, with its reserves held by a number of regulated financial institutions, including SVB, BNY Mellon, and Silvergate. However, recent events such as the shutdown of SVB and Silvergate’s decision to shut down its crypto bank arm […]
South Dakota Governor Vetoes Bill Excluding Cryptocurrencies from State’s Definition of Money
Governor Kristi Noem of South Dakota has vetoed House Bill 1193, which sought to exclude cryptocurrencies from the state’s definition of money. The governor believes that the bill would put South Dakota at a disadvantage and potentially lead to future overreach from the federal government in issuing a digital dollar. (Read More)
Aave DAO Passes Proposal to Recover Lost Tokens
Aave DAO has passed a proposal called “Rescue Mission Phase 1 Long Executor” to recover lost AAVE, LEND, Tether, UNI, and staked AAVE tokens that were mistakenly sent to certain token contracts in the past. This proposal authorizes Aave developers to upgrade the smart contracts and send the lost tokens back to their original owners […]