The world could be facing a dark future thanks to CBDCs

    From forcing people to spend their money to making them save it, central banks around the world could soon use CBDCs to create a dystopian nightmare. During the financial crisis of 2007–2008, many people lost trust in traditional financial institutions and turned to alternative forms of currency, such as cryptocurrencies. It was a way for…

    Do Kwon faces fraud charges from US prosecutors hours after arrest

    The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York. Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro. In a court filing signed by United…

    Coinbase could face SEC enforcement action for ‘potential violations of securities law’

    The crypto exchange claimed that none of its listed assets were considered securities, and any potential targeting of its wallet was based on a “misunderstanding” by United States Securities and Exchange Commission officials. Crypto exchange Coinbase said it has received a Wells notice from the United States Securities and Exchange Commission recommending the regulator take…

    ‘How did this happen’ — Powell says Fed stumped over the collapse of SVB

    In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.” United States Federal Reserve Chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank, despite it being under their watch. In a press…

    CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed

    DeFi was top of the agenda at the CFTC’s tech committee meeting, with crypto execs giving explanations and discussing the space with the regulator. The United States commodities regulator has gotten a crash course on decentralized finance (DeFi) today, with crypto executives briefing the regulator on key issues affecting the space, including exploits, decentralization and…

    Bitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood

    Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis. The value proposition of Bitcoin is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes. Wood shared…

    ‘Crypto FUD’ — Industry outraged as White House report slams crypto

    The report included 35 pages seemingly aimed at debunking the merits of crypto assets. Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets. The Economic Report of the President, released March 20, marks the first time the…

    Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

    Crypto exchanges looking to capitalize off the Arbitrum airdrop fever have launched IOU and derivatives for ARB, an early sign of the excitement that will unfold on March 23. Developers from the Arbitrum Foundation announced the launch of Arbitrum DAO and its native governance token, ARB, on March 16. Eligible users and developers will receive…

    Anonymous DAO tomi raises $40M for ‘surveillance-free’ internet

    The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet. Alternative internet developer tomi has raised $40 million from venture capital firms as part of a broader effort to lure content creators to its decentralized World Wide Web alternative. The funding round…

    US exploring ways to guarantee the country’s 18T of bank deposits: Report

    The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount. U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S. bank deposits should the current banking crisis worsen. The current deposit insurance cap under the…