Losses

Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

On Monday, about a week after the collapse of Signature Bank, the Federal… More…

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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

After Credit Suisse Group AG announced it would borrow 50 billion … More…

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Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125

In 2023, the leading crypto assets, such as bitcoin and ethereum, … More…

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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Russian banks may be the main losers from the introduction of a digital… More…

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Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell 

The U.S. Federal Reserve raised its benchmark federal funds rate … More…

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Alameda wallet under liquidator control incurred $11.5M in losses: Arkham

According to crypto analytics firm Arkham, at least $4 million of … More…

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Meta VR Consultant John Carmack Leaves Company; Criticizes Inefficiencies of VR and Metaverse Projects

John Carmack, the founder of renowned company ID Software and executive… More…

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Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions

The Central Bank of Russia has introduced measures to protect entities… More…

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Alameda-Funded Ren Tells Users to ‘Bridge Back to Native Chains’ as It Sunsets 1.0 Platform

According to the team behind the open protocol Ren, developers are… More…

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