The collapse of Silicon Valley Bank and Signature Bank has raised significant concerns within the financial industry. The gravity of the situation cannot be overstated, as it has sent shockwaves throughout the banking sector

The recent collapse of Silicon Valley Bank (SVB) and Signature Bank has raised concerns about the fairness and sustainability of the current financial system. While the federal government has taken swift action to protect depositors and minimize damage, some have pointed ou

Key Takeaways

Signature Bank is a #cryptocurrency-friendly bank that is currently under investigation by the SEC and the DOJ

The investigations aim to determine whether the bank has taken adequate measures to prevent money laundering by its clients

The bank and its staff are not facing any allegations of misconduct, and the investigations may conclude without any charges or further action being taken

#Signature Bank is under scrutiny for alleged involvement in money laundering activities. Th

Bitcoin, the world's first decentralized digital currency, has come a long way since its inception in 2009. Its creator, Satoshi Nakamoto, remains a mystery to this day, but his vision of a peer-to-peer electronic cash system has revolutionized the way we think about money.

The enigmatic creator of Bitcoin, Satoshi Nakamoto, celebrates their 48th birthday today, April 5, 1975, according to the P2P Foundation profile. Despite the mystery surrounding Satoshi's identity, the impact of their creati

A recent survey has revealed a significant surge in the interest of fund managers towards cryptocurrency exchange-traded funds (ETFs).

A recent survey conducted by financial services firm Brown Brothers Harriman (BBH) found that almost 50% of fund managers are planning to include cryptocurrency exchange-traded funds (ETFs) in their investment portfolios by 2023. However, only a quarter of respondents plan to increase their allocation to digital assets.

The survey polled 325 institutional inves

Japan is currently planning to delve into the realm of Central Bank Digital Currency (CBDC).

The Finance Ministry of Japan has announced plans to explore the feasibility of a central bank digital currency (CBDC), according to a report by NHK. The ministry will establish an expert panel in April to create a framework for the digital yen, based on a technical study conducted by the Bank of Japan over the past two years. 

The panel's objective is to ensure that the digital currency is secure, eff

Senator Elizabeth Warren of Massachusetts has made her anti-crypto stance a key part of her re-election campaign, despite evidence suggesting that most Americans consider cryptocurrency to be a crucial innovation for the future. 

In a tweet on March 30, Warren stated that she was working to put "government on the side of working families," and shared a Politico headline that read "Elizabeth Warren is building an Anti-crypto Army."

However, Warren's position has been criticized by the pro-crypt

Decentralized autonomous organizations (DAOs) have reached a new milestone with their treasuries experiencing rapid growth, according to data from the DAO platform, DeepDAO. 

On March 31, the total assets in DAO treasuries hit $25.1 billion, with $22 billion of this in liquid form and $3.5 billion reserved for vesting. Despite the bear market, DAO treasuries have more than doubled since the beginning of 2023. 

This figure represents 40% of the total value locked in DeFi, which has risen by 39%

The Center for Artificial Intelligence and Digital Policy (CAIDP) has taken a stand against the release of powerful AI systems to the public by complaining to the United States Federal Trade Commission (FTC). 

Specifically, the complaint targets OpenAI's latest large language model, GPT-4, which the independent non-profit research organization claims is "biased, deceptive, and poses a threat to privacy and public safety."According to CAIDP, the release of GPT-4 to the market breaches Section 5

The European Union has recently implemented new regulations aimed at preventing money laundering through the use of cryptocurrencies.

The European Union (EU) has adopted a new draft of legislation aimed at preventing money laundering and terrorist financing through the use of cryptocurrencies. The legislation imposes a cap of 1,000 euros ($1,083) on anonymous crypto transfers and also limits cash transactions to 7,000 euros ($7,585). 

The EU aims to prevent money laundering and terrorist finan