The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse. Signature Bank was shut down by federal regulators on March 12 in a bid to protect the U.S. economy and strengthen public confidence in the banking system. FDIC […]

A crypto-centered lawsuit with popular digital currency exchange Coinbase as the defendant is heading to the Supreme Court. This marks the first time such a high-ranking court in the U.S. has ever considered such a case. The Supreme Court Is Examining a Coinbase Suit The plaintiff is a man who was, at one point, a customer of Coinbase. It’s alleged […]

Litecoin is trading in the green today, between the $89.78 and $90 price level, to consolidate on yesterday’s closing price of $89.73. LTC started the year trading at $70 on January 1, 2023. It moved to $80 by January 10 as the bulls seized control. The crypto traded at $100.44 on February 1 for the first time in 2023. However, […]

Cardano (ADA) is in a downtrend as it sheds some of its recent price gains. Despite the price decline, it is experiencing a surge in transaction volume on the network. The network holds the enviable reputation of being a developer’s hub, with several exciting projects launched on its network.  However, it is still subject to the general economic factors influencing […]

The price of Shiba Inu (SHIB) is bearish as it falls below the moving average lines. Shiba Inu price long term forecast: bearish The altcoin is likely to fall further as it is in the bearish trend zone. At the time of writing, Shiba Inu is selling for $0.00001016. On the downside, the altcoin continues to trade above the $0.00000985 […]

Adding to the growing list of radical implementations to improve Twitter’s bottom line and promote citizen journalism, Tesla CEO Elon Musk announced that creators on the social media platform can now monetize their content. Ever since Musk’s takeover of Twitter, the company has taken several drastic measures to turn itself into a profitable business, which include mass layoffs and introducing […]

Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue Service (IRS) that, if adopted, would prevent taxpayers from weighing crypto losses against other capital gains. The paper, dubbed simply “Crypto Losses,” seeks to define the […]

Mauritius plans to launch the pilot phase of a digital rupee in November, Bank of Mauritius governor Harvesh Kumar Seegolam announced. Many of the parameters of the perspective central bank digital currency (CBDC) are already in place. Speaking at the International Monetary Fund/World Bank Community of Central Bank Technologists meeting held on the main island, Seegolam said he prioritized CBDC development […]

Since the start of the trading year, Bitcoin has maintained a 3-month bullish candle close and is on a path to stealing a fourth. 2023 has been an eventful year for the crypto industry and Bitcoin price, which rallied massively to the surprise of many crypto analysts this month. The significant price movements of Bitcoin, which saw it rally past […]