Rollkit, a modular framework for rollups, successfully launched its scalability solution on March 5, 2023. This solution brings the storage of rollup information developed for Ethereum to the Bitcoin network. This integration could help optimize the free space of Bitcoin blocks and expand the capabilities of the network. Rollups are a way to compress or […]
Is SVB to big to fail? Will it get rescued? Bill Ackman already calling for bail-outs
Quick Take A short timeline on what has happened to Silicon Valley Bank (SVB) and whether there is more contagion coming: SVB saw its deposits explode during the bubble of 2020, from $62 bn at the end of 2019 to $189 bn at the end of 2021. Due to 0% short-end rates, these firms went […]
Meta working on text-based decentralized social network codenamed P92
Meta is reportedly building a decentralized, text-based social network that supports ActivityPub, the decentralized social networking protocol that powers Twitter-rival Mastodon.
Animoca Brands team up with Planet Hollywood to launch CLUB 3
Animoca Brands, along with Planet Hollywood, will soon be launching their much-coveted CLUB 3. This will be a private club in the real world, which will offer an entirely conducive environment for the Web3 community. It will be for members only and serve the purpose of playing the role of a conducive meeting area for […]
Mike McGlone Says Ongoing SEC Feud May Lead to a New Milestone for Bitcoin
The post Mike McGlone Says Ongoing SEC Feud May Lead to a New Milestone for Bitcoin appeared first on Coinpedia Fintech News Another perspective on the current trend in the cryptocurrency market was highlighted by Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence, who said that the ongoing legal battle with the U.S. Securities and […]
Silicon Valley Bank tipped to crash next as major financial institutions face liquidity issues – Is the crypto market in danger?
The 60% correction of Silicon Valley Bank (SVB) erodes $80 billion from its valuations overnight. Market analysts believe that the SVB crisis could set the winds of the upcoming recession leading to a major rout across crypto and other asset classes. While the world was trying to come to terms with the liquidation of Silvergate […]
Biden’s Budget Proposal Includes Crackdown on Crypto Wash Sales and Doubling of Capital Gains Tax for Certain Investors
U.S. President Joe Biden’s fiscal 2024 budget plan proposes a crackdown on crypto wash sales and a doubling of the capital gains tax for certain investors, which could raise $24 billion. The proposed changes to crypto tax treatment aim to reduce the deficit by nearly $3 trillion over the next decade. The budget proposal seeks […]
FTX Founder’s Lawyers Consider Delaying Criminal Trial
Lawyers representing FTX founder Sam Bankman-Fried have hinted that they may need to delay his criminal trial due to a lack of evidence from the Department of Justice (DOJ). The trial, which is scheduled to begin on October 2, will focus on fraud charges against Bankman-Fried. His lawyers have stated that they are still waiting […]
Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms […]
Jimmy Fallon Fights Subpoena in NFT Legal Battle
Lawyers for Jimmy Fallon have filed a petition to quash a subpoena requiring him to testify in the Yuga Labs Inc. v. Ripps et al. case, stating that he has no connection to the dispute. Meanwhile, Getty Images has partnered with NFT platform Candy Digital to offer rare photos in NFT form, starting with photographs […]