PacWest Bancorp's last resort: to beg its youngest son? Yes, because the company never recovered from its crisis. After a massive outflow of depositors, things got so bad that it agreed to a merger with a smaller lender, Banc of California.
PacWest Bancorp's last resort: to beg its youngest son? Yes, because the company never recovered from its crisis. After a massive outflow of depositors, things got so bad that it agreed to a merger with a smaller lender, Banc of California.
Wright, the man who has long claimed to be the inventor of Bitcoin, has just lost a crucial legal battle. The verdict sheds light on the grey areas of his alleged invention. Elevated to the status of a myth, Wright suffered defeat at the hands of Peter McCormack. In 2019, McCormack had challenged his legitimacy as Bitcoin's inventor in a series of fiery tweets.
The creator of ChatGPT launches Worldcoin, a shitcoin that wants the apple of your eye.
Has Elon Musk's rebranding of Twitter really set the blue bird free? Or has he simply killed it? Since the takeover of the social network in October 2022, things have been going badly. But the new boss has just demonstrated that he has more than one trick up his sleeve. In addition to replacing Twitter with X.com, Musk also intends to take over half the world's financial system.
Recently, artificial intelligence (AI) and blockchain seem to be competing with each other. This is despite the fact that some see them as complementary. However, recent work in the emerging field of neuromorphic computing could bridge the gap between these two areas of computing.
The tokenization of the economy is the future. Stocks, bonds, real estate, wine, works of art… everything can integrate this new classification of digital units programmable from a smart contract. To take full advantage of these opportunities, leading players such as Chainlink are deploying major resources to permanently protect investors' assets. Gold tokenization is one of its spearheads.
The BRICS nations have great ambitions for the global financial system. They have already announced plans to create a common currency for the organization's members. But their project goes beyond monetary issues. They want to counterbalance global geopolitics, and the initiative is of interest to many countries around the globe.
Over the past few days, Bitcoin's (BTC) value has been declining. This trend, however, doesn't dampen analysts' optimism about the flagship crypto's short-term prospects.
Innovation is the key to staying competitive. A perfect example of this innovation is Ethereum's new ERC-4337 standard, which is completely rethinking our understanding of transactions. Let's take a closer look at this new phenomenon and see how it's reshaping the blockchain landscape.
Recently, the twittersphere was ablaze with rumours of a possible return of bitcoin to Tesla's payment system. Supported by a photo of the source code, some observers speculated that the electric car manufacturer might be revising its stance on cryptocurrencies. Would Elon Musk's company once again accept BTC? Let's find out.
The ArkhamIntel native token ($ARKM) is sold at $0.75 with a capitalization of $113 million after being sold at $0.05 on Binance Launchpad. Users have locked up a total of $2.4 billion in Launchpad to ensure a better chance of receiving the full allocation.
Nasdaq backtracks! Its abandonment of plans for a cryptoasset custody service shakes up the industry. Nasdaq CEO Adena Friedman cites regulatory concerns in this surprise announcement. The decision could impact the future of institutional crypto adoption in the US.
Securities and Exchange Commission (SEC) Chairman Gary Gensler testified before the Senate during a session of the SEC's FY2024 Budget Subcommittee. During his speech, he raised important issues related to the regulation of the crypto sector, calling certain aspects “the Wild West”.
The bitcoin (BTC) market has been buzzing for the past few months. Cathie Wood is convinced that the asset's price will strengthen in the coming months. She expects BTC's valuation to top the million-dollar mark.
Apple's Vision Pro mixed reality headset was unveiled to the public on June 5. From what certain observers have seen, it could bring about a significant change in the way users experience the metaverse. Developers could move away from the absolute isolation of virtual reality.
At the Ethereum Conference (ETHCC) in Paris, Vitalik Buterin presented a bold vision of crypto wallets. According to the Ethereum co-founder, account abstraction could make managing Ethereum wallets as easy as sending an e-mail.
The Ripple VS SEC case has undeniably left its mark on the crypto market. The case has taken a new twist, with Judge Analisa Torres ruling in favor of the crypto company. Even if this is only a partial victory, Ripple intends to take advantage of this opportunity to broaden the prospects for XRP adoption.
Democratic presidential candidate Robert Kennedy has outlined the policies he will implement regarding bitcoin if elected president.
The SEC has been receiving requests for Bitcoin ETFs for ten years without taking any action. Will BlackRock change the game?
At a time when FUD is reaching its peak in the cryptosphere, Binance has announced a voluntary interruption of some functionalities linked to Market orders. Although the company has promised to resolve the problem immediately, some crypto investors are in doubt.
Blockchain enables many conveniences for people: not least the ability to control their assets and data. Connecting this technology with traditional finance (TradFi) is a challenge that Chainlink has set itself. To this end, the data provider has developed the Cross-Chain Interoperability Protocol (CCIP), which can be easily married with banking chains. Close-up!
Ripple's battle with the SEC came to an end last week. While the settlement company must feel relieved, the regulator hasn't said its last word. If CEO Gary Gensler's statements are anything to go by, it's not all over yet.
Judge Analisa Torres recently handed down her verdict in the XRP case between Ripple and the SEC. The decision, favorable to the crypto firm, is however only partially settled.
When it comes to crypto, rising asset valuations are generally a matter of cycle. That said, analysts tend to predict a bullish cycle based on precedents in the crypto market.
Judge Analisa Torres' verdict was clear: XRP is not a security. A great victory, chanted the crypto community, who saw the SEC's recent attacks as a vendetta. But there's a twist. The U.S. regulator counted a direct sale of XRP to investors to the tune of $728.9 million. In such a context, Ripple's token becomes a security once again. A cold shower for the cryptosphere.
Thunder rumbles on the economic horizon. Robert Kiyosaki paints a bleak picture of the future of the US dollar. At the heart of his prognosis is the bold prediction of a “giant crash” that would mark the agony of fiat currency.
The SEC, often known for its outbursts against companies operating in the crypto market, has just made a big decision. The American regulator has just accepted BlackRock's application for a Bitcoin exchange-traded fund (ETF). This decision could mark a new turning point in the institutional adoption of bitcoin (BTC).
The legal battle between Tesla CEO Elon Musk and a group of Dogecoin investors intensifies with accusations of harassment and questionable tactics. Evan Spencer, lead counsel for the class action against Musk, files a brief in a New York federal court, accusing the billionaire's legal team of conducting an “illegal harassment campaign”. The situation is becoming increasingly tense in this ongoing case.
Crypto firm LBRY has been embroiled in a lawsuit against the SEC for the past few months. At issue is the determination of the moveable nature of LBRY Credits (LBC), the company's native crypto. The legal battle over the latter has just seen a new twist.
Lately, there's been a lot of interest in the Bitcoin ETF. BlackRock's Bitcoin ETF is particularly attracting the interest of crypto investors. According to one Bloomberg analyst, it could even unlock colossal wealth.