Acting OCC head warns that ‘fools gold’ in DeFi reminds him of lead-up to GFC

The Dow and S&P 500 fell early in the day, but rebounded to end the day positive. 91 Total views 2 Total shares October 9, 2023US markets demonstrated resilience on Monday, initially succumbing to concerns over the escalating Israeli-Gaza conflict, but rebounding later to close in the green. The Dow closed up 0.5%, at 33,604.65.

Bitcoin manages another attack on $31,000, while traders hope for further BTC price upside in the coming days. Bitcoin (BTC) challenged $31,000 again after the June 27 Wall Street open as traders hoped for upside continuation.BTC/USD 1-hour chart. Source: TradingView$31,000 returns amid Fidelity Bitcoin ETF rumorData from Cointelegraph Markets Pro and TradingView showed BTC price…

“The signal goes on, and he shows up. That's the way it's been. That's the way it will be.” Whenever Gotham faces an existential threat, the Bat-Signal lights up the night sky. In the DC Comics universe, Batman always shows up to save the day when he’s called upon.Bitcoiners in Germany employed a similar tactic this…

The crypto exchange added that "all customer accounts and funds remain completely secure." 2477 Total views 14 Total shares Major U.S.-based cryptocurrency exchange Gemini has experienced two service disruptions today and is now reporting degraded performance in its mobile app, web interface, and application programming interface.According to an update on the Gemini status page, the…

Long stuck in the shadows of Bitcoin (BTC), Ethereum (ETH) finally took hold of the market in 2020 during the decentralized finance summer. Designed to recreate traditional financial systems with fewer middlemen, DeFi is now being used across lending, borrowing, and the buying and selling of tokens. The majority of these decentralized applications (DApps) are…

The Tron Foundation is once again mired in controversy over an unverified claim that it secured a $2 million grant from a federal relief program for small firms hit by the pandemic. The Tron Foundation is once again mired in controversy over an as yet unverified allegation that it secured a ~$2 million grant from…

The senators weren’t happy with the “seemingly minimal” protections to fight against fraud and cybercrime in Meta’s AI model. 242 Total views 1 Total shares Two United States senators have questioned Meta chief executive Mark Zuckerberg over the tech giant’s “leaked” artificial intelligence model LLaMA which they claim is potentially “dangerous” and could be used…

The monumental collapse of FTX didn’t just destroy a crypto exchange and wipe out billions in customer deposits — it also exposed accounting irregularities at Barry Silbert’s empire, the Digital Currency Group, or DCG. That’s according to Bitcoin (BTC) billionaire and Gemini co-founder Cameron Winklevoss. The FTX blow-up caused Genesis Global Trading, another DCG firm,…