First Republic’s crisis is not an isolated incident: JPMorgan exec
    30 Apr 2023

    The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.” An executive at J.P. Morgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Banks (FHLB)…

    FDIC pins Signature Bank’s failure on poor governance and illiquidity
    30 Apr 2023

    FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies. 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…

    How can blockchain projects benefit from deploying their own DEX?
    30 Apr 2023

    As the crypto industry relies on centralized exchanges, blockchain projects are exploring the benefits of DEX integration to regain control of their native tokens. Cryptocurrency exchanges have been instrumental in the adoption of blockchain technology, but the industry has become too dependent on them. Today, the crypto industry is still geared toward exchanges and traders…

    Where crypto can grow: Digital asset regulations around the worl
    29 Apr 2023

    While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around. As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms…

    Congressman McHenry announces hearings to address market structure around crypto
    29 Apr 2023

    Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand. Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market…

    Mastercard launches Web3 user verification solution to curb bad actors
    29 Apr 2023

    Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company. Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential”…