DMM Bitcoin exchange liquidates, and rug pulls are on the rise: Crypto-Sec

The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance. 544 Total views 60 Total shares The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies.FDIC issued a Friday…

JPMorgan believes the central bank digital currencies, or CBDC, could pose a threat to the global hegemony of the US dollar.According to a report covered by Bloomberg, the bank’s chief U.S. economist asserted that “[t]here is no country with more to lose from the disruptive potential of digital currency than the United States.”“This revolves primarily…

North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC). Under the agreement, 17 former branches of Silicon Valley Bank will open as First Citizens Bank and Trust Company on Monday, March 27, while all depositors of…

Global retail giant Auchan is expanding TE-FOOD’s blockchain solution to improve the transparency of products’ history, U.S.-based news agency Cision PRWeb reports today, Dec. 4.The French retail group, which is reportedly the 13th largest food retailer globally with operations in 17 countries, has extended TE-FOOD’s FoodChain solution to five more countries.FoodChain is the international traceability…

Despite only being a week into the new year, SuperRare adds to a number of firms announcing staff cuts such as Huobi and Genesis. 245 Total views 7 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTNon-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained…

The Federal Reserve wrote that it does not support or endorse any showcase providers featured on its website. 145 Total views 1 Total shares The United States Federal Reserve’s instant payment system, FedNow, has added a company powered by the distributed ledger technology (DLT) platform Hedera Hashgraph to its list showcasing service providers. On Aug. 14,…

Early price action from the Coinbase stock listing on the Nasdaq reveals volatile reaction from traders. 6158 Total views 21 Total shares Trading has already begun on Coinbase’s COIN stock on the Nasdaq after weeks of anticipation following the U.S. exchange giant’s direct listing announcement.COIN began trading significantly higher than the $250 reference stock price…