Renowned Japanese automaker, Nissan, has joined other automobile manufacturers in embracing Web3 technology. The company recently applied for four new NFT and Metaverse trademarks in the United States. Additionally, its Japan unit is experimenting with metaverse auto sales. The...
According to reports, the now-defunct Signature Bank held funds for several crypto companies, including crypto exchange Coinbase, bankrupt crypto lender Celsius, and stablecoin issuer Paxos. Recall that on March 12, the Federal Deposit Insurance Corporation (FDIC) and New York...
Questions are being asked about USDC stablecoin issuer, Circle's exposure to failed U.S. banks, Silvergate Bank and Silicon Valley Bank. This is because Circle published a USDC Reserve Report last week accompanied by an Attestation by the global Audit...
Silicon Valley Bank (SVB), a significant financial institution that caters to venture-backed businesses in California, was closed down by the state's financial regulators on March 10, 2023. This incident is being described as the second-largest failure of a financial...
The U.S. Department of Justice (DOJ) has appealed against the court ruling in favour of the proposed asset acquisition deal between Voyager Digital and Binance.US. The appeal was filed one day after Judge Michael Wiles granted Voyager Digital permission...
The United States Securities and Exchange Commission (SEC) has revoked the registration of ParagonCoin Limited, a crypto startup supported by popular American rapper Jayceon Terrell Taylor, also known as The Game. This action was taken due to ParagonCoin Ltd's...
Thailand's Securities and Exchange Commission (SEC) is preparing to hold another open hearing on the possibility of outlawing cryptocurrency staking and lending services. According to reports, Thailand's SEC is seeking public input on a proposed regulation prohibiting virtual asset...
According to Hedera, the company behind the distributed ledger Hedera Hashgraph, a smart contract attack on the Hedera mainnet resulted in the loss of several liquidity pool tokens. Hedera announced in a tweet that the attacker focused on liquidity...
In response to concerns about unregulated stablecoins, the U.S. Federal Reserve plans to create a team of specialists to track developments in the cryptocurrency industry. Michael Barr, Vice Chair for Supervision at the agency, announced the plan during a...
Gate Group, a cryptocurrency industry pioneer best known for its crypto exchange Gate.io, has announced plans to launch the Gate Visa debit card. The main objective of this move is to simplify cryptocurrency transactions for users in real-world transactions....
