Tag: business

Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse. A former Signature Bank executive has been slammed for seemingly trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options. During a Senate Banking…

Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism. Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest attestation by…

The information was published on WIPO’s global database for intellectual property on May 11, 18 months after LG filed its application. South Korean tech company LG Electronics has filed a patent application for its blockchain-based Smart TV that allows users to trade nonfungible tokens (NFTs). The information was published on WIPO’s global database for intellectual property on May…

The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults. Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults. According to a May 10 Politico newsletter, Circle CEO Jeremy Allaire said that the firm has adjusted the mix of…

An email newsletter sent out to Coinbase customers on May 10 caused significant backlash from the Pepe community. An email sent out to Coinbase customers describing the Pepe meme as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community. Prominent crypto influencer Borovik.eth shared a screenshot of the email newsletter…

According to a recent poll from Gallup, nearly half of Americans are concerned about the safety of their money deposited with banks. Public opinion of banks appears to be dwindling according to an April survey, as the industry struggles to contain the collapse of several high-profile financial institutions in recent months. A Gallup poll conducted across the…