Business

Venezuela overhauls national crypto department

[ad_1] Venezuela's president Nicolás Maduro has announced the reorganization of the National Superintendency of Crypto Assets, known as Sunacrip in Spanish, according to a decree issued on March 17.A new board will lead the reorganization, headed by Anabel Pereira Fernández, a lawyer who served as president of the Fondo de Garantía de Depositos y Protección Bancaria (FOGADE), the Venezuelan version of the United States Federal Deposit Insurance Corp. (FDIC). Among
Business

Bitcoin hits $28k as uncertainty surrounds banks

[ad_1] At the time of writing, the leading cryptocurrency is trading at $28,063, a 2.4% increase in the past 24 hours. The price reached $28,459 at its highest point during the day, before trading at $26,877 during the day's low.Overall this week, Bitcoin has gained over 37% against the U.S. dollar. Bitcoin's market capitalization added $194 billion in 2023, representing a 66% gain year-to-date, outperforming Wall Street banks stocks especially
Business

UBS Group doubles offer and acquires Credit Suisse for $2B

[ad_1] UBS Group doubled its initial offer and agreed to buy its competitor Credit Suisse for nearly $2 billion on March 19, in a historical deal for the two biggest banks in Switzerland, the Financial Times reported.UBS previously put a $1 billion offer on the table on March 18, but the deal was rejected by the Credit Suisse board, FT sources said. The $1 billion offer was a considerable discount
BLOCKCHAIN

DefiLlama forked as internal dispute unfolds

[ad_1] A dispute has taken place within the decentralized finance (DeFi) analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend. The dispute centers on the company's plans to launch a token. On March 19, pseudonymous developer at DefiLlama 0xngmi announced the firm's team was forking the platform, which was "undergoing a hostile takeover", accusing DefiLlama's founders of launching a token without its employees'
BLOCKCHAIN

Polygon supernets vs. Avalanche subnets: Key differences

[ad_1] Supernets have an advanced technical architecture powered by Polygon Edge, trustless operation via Merkle trees, Ethereum Virtual Machine (EVM) compatibility and custom token support. Supernet architecture is closely tied to that of Polygon Edge. The six modules in Polygon Edge’s architecture that are relevant to supernets include the following: TX Pool: Acting as a repository for pending transactions, this module is the key to Polygon Edge’s event-driven architecture. Transactions
Business

Credit Suisse rescue plan may include nationalization, bondholder losses

[ad_1] A rescue plan for Swiss banking giant Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG, multiple reports revealed on March 19. Swiss authorities are considering applying losses to Credit Suisse bondholders as part of the bank's ongoing recovery efforts, Reuters learned from two sources. European regulators are concerned that the move might undermine investor confidence in
BLOCKCHAIN

Top 7 ways to earn free crypto

[ad_1] Due to the popularity of cryptocurrency, numerous individuals are searching for means to acquire free crypto. Here are seven methods one can use to earn cryptocurrency without having to invest your own money, including crypto faucets, airdrops, staking, bug bounties and more. There are several common risks to be aware of when earning free crypto, including security risks, scams and fraud, limited earning potential, time-consuming activities, and potential legal or
Business

Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months

[ad_1] Bitcoin (BTC) approached a key weekly close on March 19 with traders concerned about a retest of lower levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bulls must "step in" to protect $26,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $27,000 on Bitstamp.After briefly tapping $28,000 into the weekend, a slow comedown through out-of-hours trading denied bulls a squeeze higher. This led market participants to weigh the likelihood
Business

SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse

[ad_1] Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated.On May 28, 2022, nearly six months before FTX filed for bankruptcy and SBF resigned as the CEO, Federal Deposit