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Cross River Bank has received a consent order from the FDIC demanding further oversight, according to a filing made public on April 28. Bank receives order for lending compliance The FDIC suggested in that filing that Cross River Bank engaged in “unsafe or unsound banking practices” related to fair lending laws and regulations. origin »
There was a sharp jump in BNB Chain's development activity. Large addresses began to accumulate BNB tokens in their portfolios. Right from regulatory clampdowns to growing number of hacks, tThe post As BNB Chain logs high development activity, will the tides finally turn in its favor? appeared first on AMBCrypto. origin »
Addresses holding more than 1,000 ETH accumulated more of the altcoin. ETH nears $2,000 but overall activity on the network reduced. Despite being 33.93% down in the last year, Ethereum [ETHThe post Ethereum [ETH] sharks and whales are not backing away from the coin, here's why appeared first on AMBCrypto. origin »
Aave and Compound experienced a decline in unique users and monthly deposit volume. Aave V3 saw a spike in TVL recently, while Compound experienced a stable uptrend. Aave [AAVE] and CompoundThe post Assessing the state of Aave and Compound after a year of ups and downs appeared first on AMBCrypto. origin »
Brought to you by BizClik, FinTech LIVE New York is held on May 3, 2023, streaming remotely to virtual audiences around the world. Featuring keynote speakers, interactive fireside and panel discussions, this exclusive 1-day virtual event is an essential deep dive into issues impacting the future of Fintech, Insurtech and Crypto. origin »
Ripple is a cryptocurrency firm that has been on the radar of United States regulators for years and its native token XRP has suffered greatly for it. However, despite the legal battle with the US Securities and Exchange Commission (SEC), Ripple has not backed down and it looks like investors are increasingly bullish on the cryptocurrency. origin »
Despite the volatile price action of Bitcoin (BTC), the world’s largest cryptocurrency has outperformed every other asset, including gold. Although it is trading below its psychological milestone of $30,000 at $29,000, Bitcoin is expected to grow further in 2023, as it acts as a safe haven for investors amidst the US banking crisis. origin »
The U. S. Securities and Exchange Commission (SEC) imposed cease-and-desist orders and fines upon three parties involved in UpToken on April 28. SEC names parties involved in UpToken ICO The SEC said that Up Global and Coinme — as well as Neil Bergquist, founder and CEO of both companies — were involved in a cryptocurrency securities […] The post SEC fines Up Global, Coinme $3. origin »
Former Coinbase CTO Balaji Srinivasan believes there is a “very high” chance that sovereign defaults will happen within months, which will cause Bitcoin’s price to skyrocket. He was clarifying comments he made about when a potential fiat crisis will take place during his talk at Consensus 2023, which the community misunderstood. origin »
Whale interest in BLUR showed a spike while the token's supply on exchanges declined. The metrics were supportive of a continued surge, except for the RSI indicator. Blur [BLUR] stole the liThe post Blur [BLUR] investors have reasons to rejoice, but the scenario might change as... appeared first on AMBCrypto. origin »
The war won't last forever, but probably will continue for the next 18-20 months, Kristin Smith said. origin »
Yuga Labs, the force behind the massively successful Bored Ape Yacht Club, has announced the appointment of Mike Seavers as their new Chief Technology Officer, effective May 22nd. Seavers, the former Executive Vice President of Development at Epic Games, will take over the CTO role from co-founder Kerem Atalay, who will remain a strategic adviser. origin »
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The lower timeframe momentum and structureThe post Ethereum [ETH] could stumble near $2000 despite bullish momentum, here's why appeared first on AMBCrypto. origin »
The crypto investment landscape has grown tenfold, with many investors looking for the next big thing. Although many projects have been tipped to become revolutionary in the crypto space over the years, many have been disappointing. origin »
Polygon claimed that the collaboration will help in enhancing the scaling capabilities of Polygon zkEVM. MATIC's Open Interest declined, signifying decreased interest in the derivatives market. origin »
The former NSA whistleblower shared his hopes that AI’s intelligence could exceed that of humans and ultimately benefit humanity, despite fears the technology could be co-opted by bad actors. origin »
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The daily and four-hour timeframes showed The post Cardano [ADA] ready for a blast off past $0. origin »
Interest in Bitcoin Ordinals continued to rise. FUD and Speculation around the U.S. government and Mt.GOX wallets impacted trader behavior. Upon their initial introduction, Bitcoin [BTC] insThe post Bitcoin [BTC]: Interest in Ordinals rises, but is FUD on the way? appeared first on AMBCrypto. origin »
Venmo users will soon be able to transfer cryptocurrency, the payment app’s parent company PayPal said on April 28. That announcement revealed that users will be able to transfer funds to Venmo and PayPal accounts as well as third-party wallets and exchanges beginning in May. origin »
The U. S. Federal Deposit Insurance Corporation (FDIC) investigation into the collapse of Signature Bank found that the root cause of its troubles was “poor management” and risky crypto deposits. origin »
Venmo will roll out a new crypto transfer feature in May, allowing customers to send crypto to other Venmo accounts. Customers will also be able to buy tokens and send them to PayPal, external wallets and exchanges. origin »
Explore the top developed cryptocurrencies, where Ethereum shines. Uncover the unexpected project that ranks first, shaping the future of blockchain technology. The post Ethereum Ranks #8 Among Top Developed Blockchains appeared first on BeInCrypto. origin »
The venture capitalist discusses non-ZIRP monetary policy, rebooting crypto’s market structure and why Ponzi bubbles always burst. origin »
Users who have purchased bitcoin through the app will now be able to take self-custody of their BTC, as well as send it directly to other Venmo users. origin »
Recently, XRP has been facing significant rejection at its overhead resistance level, including a rejection that occurred just a week ago. On the daily chart, XRP has shown a slight upward movement of 3%. origin »
Paypal announced plans to roll out a feature that allows over 70 million Venmo users to transfer cryptocurrencies to each other natively on the Venmo app. origin »
In China, projections hold that the metaverse industry will grow by almost 40% this year. The regime has come to recognize the metaverse as a "key industry." The post China’s Metaverse Industry Flourishes as Beijing Recognizes Its Potential appeared first on BeInCrypto. origin »
TRX again became the top blockchain in terms of daily active users. TRX’s open interest declined, which could be good news for investors. Tron [TRX] has been trying to increase adoption The post Tron achieves a new milestone in terms of adoption, but TRX still struggles as... appeared first on AMBCrypto. origin »
A lack of regulation and supervision, not the cryptocurrency industry, is to blame for the banking sector's recent woes, according to a Federal Reserve report. The post Fed Official Blames Banking Crisis on Trump Administration, Not Crypto appeared first on BeInCrypto. origin »
Over the past week, Render has been one of the top-performing projects with another day in the top gainer leaderboards, according to CoinMarketCap. origin »
As more digital asset firms become victims to the bottleneck approach of United States regulators, several industry experts have bemoaned the current reality with some accusing regulators of ‘killing the sector.’ origin »
The UK Treasury is seeking input on taxing the DeFi space, and on provisions around staking and lending.
origin »According to the latest XRP Markets Report, Ripple, a blockchain company developing global payment products, sold over $361 million of XRP tokens in Q1. origin »
The current slowdown in Bitcoin network activity could have significant implications, such as reduced market confidence, shifts in market dynamics, increased risk of market correction, and stunted innovation and adoption. origin »
AUSTIN, Texas – The U. S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting May, said Patrick McHenry (R–N. origin »
As Bitcoin ages into its teens, it’s time to move beyond tribalism so we can work collectively with legislators and innovate business models of the future, writes Samir Tabar of Bit Digital. origin »
Dive into the future of art investments with a comprehensive analysis of fractional shares and NFTs, examining the role of blockchain, potential returns, and investment strategies. The post Art Investing in the Crypto Age: Fractional Shares of Fine Art vs. NFTs appeared first on BeInCrypto. origin »
As crypto scammers increasingly exploit Google Ads for phishing schemes and compromise AT&T email accounts to steal digital assets, stakeholders must collaborate to implement stronger security measures and protect users from these threats. origin »
The cryptocurrency market has been experiencing a period of volatility, but XRP could be poised to break to the upside. As investors and traders gear up for the upcoming potential gains, several key metrics to watch out for could give insights into the future of XRP’s price. origin »
Steptoe Partner Jason Weinstein, on the stage at Consensus 2023 in Austin, Texas, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen. origin »
The IRS' point person for taxation of cryptocurrencies stresses need for community engagement at Consensus 2023 origin »
Yuga Labs, creator of Bored Ape Yacht Club and Otherside, is adding prominent gaming professionals to its team, including Mike Seavers as its new CTO. origin »
Yuga Labs makes a high-profile hire in an effort to consolidate its position in the booming NFT industry. The post Yuga Labs Bags Gaming Exec as Dominance of NFT Market Continues appeared first on BeInCrypto. origin »
The sentiment around ADA remains bullish despite technical indicators support for the bears. Longs have taken the baton of liquidations from shorts. Cardano [ADA] has been one of the top-perThe post Cardano: Traders choose sides but could ADA be ready for a bull run? appeared first on AMBCrypto. origin »
Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand. origin »
Members of our CoinDesk editorial team got together on Twitter Spaces today to assess the big picture at Consensus 2023 and share their takeaways on the critical issues that will shape how the industry continues to unfold. origin »
Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management. origin »
Payments infrastructure company Mastercard is seeking more partnerships with crypto entities to expand its cryptocurrency payment card offering. Reuters reported that the company’s head of crypto and blockchain, Raj Dhamodharan, disclosed this on April 28. origin »
Brink, a Bitcoin development community, will use the donation to finance an annual salary of a developer contribution to Bitcoin. origin »
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