Day: March 25, 2023

Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor – Africa Bitcoin News

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A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create a “very safe” banking system. Priority Given to Depositors According to the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, a recent review of Nigerian banks’ bond portfolios showed that the country’s financial institutions had no direct exposure to Silicon Valley Bank (SVB). Emefiele,…

One of 14 companies with a DLT license in Gibraltar to launch IEO

This week in crypto, Silicon Valley Bank’s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection, with Signature bank following in its footsteps. Despite these foreboding events, bitcoin (BTC) has rallied to its highest price since June 2022. Meanwhile, the digital asset service Damex announced the launch of its IEO. Maximize your investment potential with the versatile #Damex native Token 📈⚡️ 💡 Available soon on multiple platforms, #DamexToken will be created on Ethereum and then bridged to Solana, BSC & others. Tokens can be staked to…

MetaMask integrates EIP-4361 to improve security for users

MetaMask has allowed users to authenticate themselves to online services safely using its cryptocurrency wallet by implementing the EIP-4361 standard. 🦊MetaMask is now compatible with EIP-4361, aka Sign In with Ethereum! This is part of our ongoing effort to make confirmations more legible to our community. Our implementation also offers a “domain binding” feature, which will detect signatures/approvals from malicious URLs. pic.twitter.com/2jkFRhLDsx — MetaMask 🦊💙 (@MetaMask) March 23, 2023 This standard’s primary objective is to give Ethereum account holders a more consistent method for authenticating themselves while using off-chain services.…

NFT investor accidentally burns $135k CryptoPunk trying to borrow money

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A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow some money against it to buy another NFT. NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13 by paying 77 ETH, hoping to hold it for the long term. Now feels like an appropriate time to introduce #BAYC 586 to #Punk 685 (acquired a week ago). Hope to hold both for a decade… LGF! pic.twitter.com/SLb68rY6MR —…

Animoca denies reports of $200M cut to Metaverse fund and valuation drop to $2B

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Venture capital firm and Web3 game developer Animoca Brands has refuted claims that it scaled back its Metaverse fund target by $200 million, or 20% to $800 million amid volatility in the crypto market and instability in the banking sector. The firm also down-played suggestions that its valuation has plummeted from $6 billion as of July 2022 to roughly $2 billion in March 2023. Stemming from a March 24 Reuters report that cited anonymous “people familiar with the matter,” it was claimed that Animoca initially halved its $2 billion Metaverse…

Tom Brady’s Estranged Wife Gisele Bundchen Claims FTX Collapse ‘Blindsided’ Her – Featured Bitcoin News

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Former U.S. National Football League (NFL) quarterback Tom Brady’s estranged wife Gisele Bundchen has said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she only invested in FTX because her financial advisors recommended it. Bundchen and Brady’s Shareholding in FTX Gisele Bundchen, a fashion model and the estranged wife of former NFL quarterback Tom Brady, has said she only invested in Sam Bankman-Fried’s FTX because her financial advisors told her to do so. In remarks published in the Daily Mail, Bundchen suggested that she, just…

80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says – Regulation Bitcoin News

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Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset (VA) and Web3,” said the government official. 80 Crypto Companies Interested in Hong Kong Hong Kong Secretary for Financial Services and the Treasury Christopher Hui revealed during a speech at the Aspen Digital Web 3 Investment Summit earlier this week that…

‘US has left a vacuum that other countries are eager to fill’: Coinbase

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With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation has “left a vacuum that other countries are eager to fill.’ The SEC issued Coinbase a wells notice on March 22 outlining that SEC staff had recommended the agency take enforcement action over “possible violations of securities laws” concerning some of the firm’s asset listings, staking services and Coinbase Wallet. In a March 23 blog post titled Europe is winning.…

Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon – Economics Bitcoin News

Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury yields two years and out are “well below the fed funds rate.” Doubleline CEO on Fed Rate Cuts and Recession Jeffrey Gundlach, chief executive and chief investment officer of investment management firm Doubleline, expects to Federal Reserve to cut interest rates substantially soon. Gundlach is nicknamed “the Bond King” after he appeared on the cover of Barron’s as “The…