Anonymous DAO tomi raises $40M for ‘surveillance-free’ internet
The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet.
The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet.
“Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said.
Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.
Volatility products are popular with traditional investors, as they enable portfolio hedging, risk management and speculation.
Fear and trepidation spread across the crypto market last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank.
Negative headlines surrounding Silvergate dragged Bitcoin’s price below $20,000. Meanwhile, bankrupt Alameda is planning to sue Grayscale and its parent company DCG.
The FDIC stated that as the receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB).
The adoption of Web3 wallets is hindered by complex seed phrases and a poor user experience, according to Coinbase.
Kresus’ SuperApp aims to bridge more everyday consumers to digital goods, NFTs and other Web3 products and services.
Visa’s head of crypto has pushed back against the notion that the credit card giant is getting cold feet because of the bear market.