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FedNow Service Set to Begin Operation in July
The much-anticipated real-time settlement payment rail, FedNow, is scheduled to come into operation by July. The program, coming from the stable of the US Federal Reserve, will allow customers to settle financial transactions in seconds. FedNow Onboarding Starts April Central... -
Stripe Also Takes a Hit on Its Valuations amid Funding Winter
Privately held fintech company Stripe has raised funds in a “down round” which valued it at $50 billion or roughly half of its previous valuation. Amid the funding winter either startup companies are unable to raise funds or are raising... -
Financial Expert Robert Kiyosaki Warns of Possible Banking System Failure and Touts Cryptocurrencies as an Alternative
Financial expert Robert Kiyosaki recently warned that the global financial system is facing a significant risk of a catastrophic collapse. He stated that the current system relies heavily on debt, with banks constantly creating and lending money without having the... -
Block.One CEO Brendan Blumer Suffers $74 Million Loss in Silvergate Capital Corp Investment
The use of blockchain technology has been a rollercoaster ride for companies like Block.One, which is known for its cryptocurrency innovations. However, a recent investment in Silvergate Capital Corp has resulted in a substantial loss for CEO Brendan Blumer and... -
What to Expect from Xpeng Motors’ Q4 2022 Earnings
Xpeng Motors (NYSE: XPEV) would release its earnings for the fourth quarter of 2023 on Friday. Here’s what markets are expecting from the Chinese EV (electric vehicle) company’s earnings. With a loss of 80% in 2022, Xpeng Motors underperformed both... -
Possible Lawsuit Could Hit American Crypto Exchanges
America’s top investment fraud lawyer and longtime securities attorney, Tom Grady, is preparing for possible legal action against the biggest cryptocurrency exchanges in the country, including Coinbase, Robinhood, Kraken, and others. Crackdown on Crypto Exchanges There has been news of... -
Binance Disables P2P Transactions for Russian Clients Due to EU Sanctions
Binance, a leading cryptocurrency exchange, has halted P2P transactions for Russian users trading USD and EUR following the EU's ninth set of sanctions against Russia, which require the exchange to comply with the law. https://twitter.com/CRYPT0411/status/1633902770477514756?s=20 Furthermore, the suspension of P2P... -
EU Investment Fund Amundi Predicts Inflation Could Drive Bitcoin Bull Market
Amundi, one of European's largest asset managers, has published a report suggesting that inflation could fuel a bitcoin bull market. Notably, the paper's authors, Chief Investment Officer Mortier Vincent, and macroeconomist Perrier Tristan analyzed the current state and prospects of... -
EOS and Block.One Founder Loses Millions on Silvergate Stock Investment
Brendan Blumer, the founder and CEO of blockchain company Block.One, has lost over $70 million on his investment in Silvergate Capital Corp. Blumer, along with Block.One, had announced to the U.S. Securities and Exchange Commission in November 2022 that they... -
Bybit Suspends USD SWIFT & Wire Transfers, Following Binance
Bybit, the cryptocurrency company, has decided to stop accepting USD deposits through Wire Transfer and SWIFT from US banks. Bybit has recently joined the increasing list of exchangers that have suspended USD payments. This occurred following the suspension of USD...
