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Day: October 17, 2023

  1. Home
  2. 2023
  3. October
  4. 17
  5. Page 3
US Treasury Secretary Janet Yellen Sparks Debate with Statement on Affordability of Two Wars
  • bob
  • 2023-10-17
  • Global Financial Events
  • Government Policies and Cryptocurrency Adoption
  • Market Analysis and Predictions
  • Middle East

US Treasury Secretary Janet Yellen Sparks Debate with Statement on Affordability of Two Wars

In a recent interview, U.S. Treasury Secretary Janet Yellen has sparked a heated debate with her statement that the United States can “certainly afford” to engage in two wars simultaneously. This comes at a time when the U.S. is providing aid to Ukraine and Israel amidst ongoing conflicts. Yellen’s assertion is based on the belief […]

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Platypus Finance Recovers 90% of Stolen Assets After Security Breach
  • bob
  • 2023-10-17
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • World

Platypus Finance Recovers 90% of Stolen Assets After Security Breach

Decentralized finance (DeFi) protocol Platypus Finance has announced that it has recovered 90% of the assets that were stolen in a recent security breach. The protocol’s net loss was limited to 18,000 Avalanche tokens, equivalent to $167,400. The hacker voluntarily returned the funds, and as a result, Platypus Finance has decided not to pursue legal […]

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Federal Reserve Board Member Questions Effectiveness of US CBDC in Solving Payment System Issues
  • bob
  • 2023-10-17
  • Central Bank Actions
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • North America

Federal Reserve Board Member Questions Effectiveness of US CBDC in Solving Payment System Issues

In the ongoing debate surrounding the issuance of a central bank digital currency (CBDC) in the United States, Federal Reserve Board member, Bowman, has expressed skepticism. While various arguments have been put forth in favor of a CBDC, such as addressing payment system frictions, promoting financial inclusion, and providing access to safe central bank money, […]

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Scroll Launches Mainnet, Offering Faster and Cheaper Ethereum Transactions
  • bob
  • 2023-10-17
  • Cryptocurrency Innovations
  • Europe
  • Fintech and Blockchain Startups
  • Mergers and Acquisitions (M&A)

Scroll Launches Mainnet, Offering Faster and Cheaper Ethereum Transactions

Scroll, an Ethereum layer 2 network powered by zero-knowledge proofs, has officially launched its mainnet. The network aims to enhance the speed and reduce fees for developers using Ethereum. Scroll’s mainnet release follows over 15 months of extensive testing and security audits. The platform offers EVM compatibility and the security of the Ethereum blockchain, along […]

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Terraform Labs Files Lawsuit Against Citadel Securities Over Alleged Manipulation of Terra’s UST Stablecoin
  • bob
  • 2023-10-17
  • Company News
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • North America

Terraform Labs Files Lawsuit Against Citadel Securities Over Alleged Manipulation of Terra’s UST Stablecoin

Terraform Labs, the company behind the Terra blockchain ecosystem, has filed a lawsuit against Citadel Securities, accusing the market-making giant of manipulating Terra’s UST stablecoin. The lawsuit alleges that Citadel Securities deliberately caused the UST stablecoin to deviate from its $1 peg, resulting in significant losses for Terra. Contrary to popular belief, Terraform Labs argues […]

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FTX Customers to Recover Majority of Missing Assets in Proposed Settlement
  • bob
  • 2023-10-17
  • Company News
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • North America

FTX Customers to Recover Majority of Missing Assets in Proposed Settlement

After conducting thorough investigations, it has been revealed that a significant amount of funds is missing from FTX customer assets. In response to this, FTX Trading Ltd and its associated debtors have proposed a settlement that would result in the majority of lost crypto and financial assets being refunded to customers.The proposed settlement, which is […]

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BitGo Acquires HeightZero to Meet Growing Demand for Crypto Wealth Management
  • bob
  • 2023-10-17
  • Company News
  • Cryptocurrency Innovations
  • Mergers and Acquisitions (M&A)
  • North America

BitGo Acquires HeightZero to Meet Growing Demand for Crypto Wealth Management

Cryptocurrency custody specialist BitGo has acquired HeightZero, a software platform that helps wealth managers incorporate cryptocurrencies into their clients’ portfolios. The financial details of the acquisition have not been disclosed, but it highlights the growing institutional interest in the crypto market. BitGo’s CEO, Mike Belshe, has urged wealth managers and regulated investment advisors (RIAs) to […]

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IOTA Selected to Participate in UAE’s Official Startup Delegation at CEATEC, Showcasing Global Impact in Web3 and Web2
  • bob
  • 2023-10-17
  • Asia
  • Company News
  • Cryptocurrency Innovations
  • Government Policies and Cryptocurrency Adoption

IOTA Selected to Participate in UAE’s Official Startup Delegation at CEATEC, Showcasing Global Impact in Web3 and Web2

The IOTA Foundation has been selected to participate in the official startup delegation of the United Arab Emirates (UAE) at the CEATEC conference in Japan. This recognition highlights IOTA’s contribution to advancing Web3 and Web2 technologies. With its groundbreaking Tangle technology, IOTA aims to showcase its potential impact on the Japanese and global markets at […]

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Binance.US Updates Terms of Service, Discontinues Direct USD Withdrawals
  • bob
  • 2023-10-17
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • Government Policies and Cryptocurrency Adoption
  • North America

Binance.US Updates Terms of Service, Discontinues Direct USD Withdrawals

Cryptocurrency exchange Binance.US has made changes to its terms of service, indicating that direct withdrawals in USD are no longer supported on the platform. The updated terms state that users can convert their USD funds to stablecoins or other digital assets in order to withdraw USD funds from their accounts. This change has caused concern […]

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Rise in Traditional Banking Scams Signals Shift in Fraud Tactics in Ireland
  • bob
  • 2023-10-17
  • Cryptocurrency Market Analysis
  • Europe
  • Financial Scams and Security

Rise in Traditional Banking Scams Signals Shift in Fraud Tactics in Ireland

Scam artists in Ireland are shifting their focus from cryptocurrency scams to targeting traditional banking customers, according to the Irish Independent. With a decline in cryptocurrency scams due to the bear market, fraudsters are now posing as representatives of reputable British banks or trading firms to exploit the trust and vulnerability of unsuspecting banking customers. […]

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