Category: Blockchain

Blockchain Association seeks info from Fed, FDIC and OCC on ‘de-banking’ crypto firms

The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the potential “de-banking of crypto firms” in the wake of the failures of the Signature, Silicon Valley Bank and Silvergate banks. In a March 16 notice, the Blockchain Association said it had submitted Freedom of Information Act requests to the Federal Deposit Insurance Corporation, the board of governors of the Federal Reserve System and the Office of the Comptroller of the Currency for documents and communications that could potentially show regulators’ actions “improperly…

Sberbank Executive Touts Blockchain for Russia

An official at Russia’s biggest bank, Sberbank, has proposed that the use of blockchain technology is the direction in which the nation should go in order to overcome the present settlement challenges it is facing. Alexander Vedyakhin, who serves as the first deputy chairman of Sberbank, is of the opinion that blockchain technology has developed considerably over the past few years and now provides new capabilities. These new capabilities may make it possible for Russia to develop payment systems that are more effective. At the conference, Vedyakhin stressed the significance…

NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs

By Paul Hoffman from BestBrokers Looming Fed rate hikes were the hottest topic in the beginning of 2022. Shortly after that global markets dove even deeper into the red with the start of the war between Russia and Ukraine. Not long after the LUNA crash followed and crypto markets plunged deeply. Unfavorable events for the global economy continued and caused further damage to all crypto assets. Despite all the negativity surrounding crypto and multiple published analyses, concluding with the announcement of “crypto winter”, the NFT sector kept developing at a…

Blockchain is the answer to Russia’s settlement issues, banking exec says

The adoption of blockchain is the right direction for Russia to solve its current settlement issues, according to an executive at Russia’s largest bank, Sberbank. Blockchain technology has matured over the past few years to offer new capabilities that potentially enable Russia to create more efficient payment systems, Sberbank’s first deputy chairman Alexander Vedyakhin said. On March 14, Vedyakhin took part in the meeting of Russia’s Federation Council on the budget and financial markets committee, highlighting the promising future of blockchain in Russia, the local news agency Interfax reported. According…

Argo Blockchain Reports Zero Exposure To SVB And Silvergate Bank, Here’s Why

In a recent tweet, Argo Blockchain PLC revealed that it has no exposure to the shuttered SVB and Silvergate banks. It also shared a post responding to the bank issues, declaring that neither the Argo blockchain nor its subsidiaries are exposed to the risks stemming from the bank closures. As such, its operations will continue regardless of the collapse of these banks. The collapse of some top banks recently created chaos in the crypto market and affected many firms. A notable example is the shutdown of Silvergate and Silicon Valley…

Cybersecurity Firm Halborn Warns of Zero-Day Vulnerabilities in Over 280 Blockchain Networks

A cybersecurity firm, Halborn, has recently warned of a vulnerability that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypto. The vulnerability, which Halborn has dubbed “Rab13s,” could have significant consequences for the affected networks, and Halborn has already worked with some networks, such as Dogecoin, Litecoin, and Zcash, to institute a fix. The warning comes after Halborn was contracted in March 2022 to conduct a security review of Dogecoin’s codebase and found “several critical and exploitable vulnerabilities.” Halborn…

10 important social media ‘don’ts’ for crypto and blockchain companies

Businesses across industries invest a lot of time and resources into building and cultivating their social media presences because of the big potential ROI. Social media marketing is a tool crypto and blockchain companies are quick to leverage — social media platforms offer a variety of audiences, prebuilt communities and global reach.  Still, it’s all too easy to make missteps in social media outreach, and an ill-considered post can go viral (in a very bad way) in an instant and cause lasting damage to a brand. Below, 10 members of…

Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch

Blockchain operator Tassat announced March 14 that it will provide access to the United States Federal Reserve’s FedNow payment system. FedNow, which will launch as a pilot project later this year, will provide real-time, round-the-clock payment service. Tassat will serve as a business-to-business onramp for FedNow through a client-facing application programming interface (API), CEO Kevin Greene told Cointelegraph. Both the company’s interbank and intrabank services will provide FedNow access. The FedNow pilot is expected to begin in June or July with a small number of banks. The system will offer…