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Monthly Archives: March 2023
FDIC Investigating Tech Bank Leaders Over $22.5bln Losses
• U.S. Bank Regulators are investigating the leadership of three failed tech banks: Silicon Valley Bank, Signature Bank, and Silvergate Bank. • Martin Gruenberg, Chairman of the FDIC, and Michael Barr, Vice Chairman of the Fed will share their findings … Continue reading
Web3 Gaming Ecosystem Expands with Immutable and Polygon Labs Partnership
Web3 Immutable and Polygon Labs Team Up • Web3 gaming developer platform Immutable is forming a strategic partnership with blockchain protocol Polygon Labs to accelerate the development of Web3 gaming. • The alliance aims to provide an option for businesses … Continue reading
G-20 Cautious Amid Bank Collapses, Crypto Regulation Remains Unclear
• Recent bank collapses are underscoring the G-20’s caution towards crypto assets. • The G-20 is currently headed by India, which has the power to ask international bodies set up to frame global crypto rules to factor in recent bank … Continue reading
White House Aware of Silvergate Situation, Spokeswoman Says
• The White House is aware of the Silvergate Bank situation and is monitoring it. • The Biden administration has compared Silvergate’s situation to other crypto companies that have had issues recently. • President Joe Biden has called on Congress … Continue reading