Quick Take First Republic Bank finished trading a whopping 50% lower share price yesterday — closing at $8.26. According to FOX News, it is reported that First Republic Bank is expected to be seized by the U.S. government. First Republic Bank is looking to offload up to $100 billion worth of long-dated mortgages and bonds … Read more
Arman Shirinyan Billionaire believes U.S. dollar will soon face increased pressure Billionaire investor Stanley Druckenmiller recently revealed that he has taken a short position on the U.S. Dollar, anticipating that the Federal Reserve will soon have to cut interest rates in response to an economic downturn. This move could prove highly beneficial for cryptocurrencies like … Read more
Circle CEO Jeremy Allaire in a recent interview said that the cryptocurrency crackdown by the United States regulators was a major factor behind its stablecoin USD Coin’s (USDC) declining market capitalization. Circle chief’s comments on the U.S. crackdown come amid heavy regulatory scrutiny following the collapse of the FTX exchange, a banking crisis and USDC’s … Read more
Godfrey Benjamin XRP has picked up pace, and its damning sell-off may be temporarily over The broader digital currency ecosystem is experiencing a bullish resurgence today, with evidence shown in a combined crypto market cap that jumped by 2.66% to $1.19 trillion. XRP has picked up on this trend to print a bullish revival with … Read more
Merlin, a decentralized exchange (DEX) based on Ethereum (ETH) layer-2 protocol zkSync, confirmed it was exploited despite being audited by smart-contract auditor CertiK. The DEX advised everyone connected to its site to revoke their wallets/sign permission. The team added that it was analyzing the exploit and urged everyone to follow its issued instruction. Merlin was … Read more
The New York Federal Reserve published new rules for counterparties looking to use its money market balancer, casting uncertainty over intentions by stablecoin issuer Circle to use the Fed’s systems. In an April 25 statement, the New York Fed announced adjustments to its guidelines to determine which parties are eligible to participate in its reverse … Read more
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on … Read more
Comparing Bitcoin’s Lightning Network to legacy credit card processing makes it clear that Lightning settles payments much more efficiently and affordably. The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis … Read more
The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities. The video came from a “Blockchain and Money” class in the Fall Semester of 2018 … Read more
Google released an update for its popular authenticator app that stores a “one-time code” in cloud storage, allowing users who have lost the device with their authenticator on it to retain access to their 2FA. In an April 24 blog post announcing the update, Google said the one-time codes will be stored in a user’s … Read more
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