FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
The bankrupt property of cryptocurrency alternate FTX is suing blockchain firm Layerzero Labs in an try to claw again a $45 million deal and over...
FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
In the midst of the chapter proceedings, FTX offered its main reorganization technique and time period sheet to the U.S. chapter courtroom, detailing an formidable...
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
In a latest growth, Bitgo, the digital asset belief agency, disclosed that it has penned a letter of intent to accumulate Prime Trust, a crypto...
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
According to the Federal Deposit Insurance Corporation (FDIC), the troubled financial institution Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company,...
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
On March 1, 2023, Nellie Liang, undersecretary for home finance on the U.S. Treasury, delivered a speech to the Atlantic Council in Washington in regards...
Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions
2022 was a tricky 12 months for crypto belongings, and because the world welcomes 2023, the macroeconomic backdrop stays unsure. Macroeconomic occasions will proceed to...
Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning
Blackrock, one of many largest asset administration firms on this planet, has warned that 2023 can be a 12 months of recession totally different from...
Investment Adviser Warns It’s a Mistake to Ignore Crypto Assets, Predicts Cryptocurrencies Will Outperform Equities
Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to disregard crypto as an asset class. He additionally predicts that crypto will outperform equities...