FDIC Chair Martin Gruenberg to Resign
FDIC Chair Martin Gruenberg will step down after an investigation exposed a toxic workplace culture at the agency. The chairman of the US Federal Deposit Insurance Corporation (FDIC), Martin Gruenberg, has announced his resignation in the wake of a damning probe that exposed a poisonous work environment at the bank watchdog. Martin Gruenberg, who has […]
House Democrats Won’t be Compelled to Oppose Two Pro-crypto Bills
House Democrats are not required to oppose two pro-crypto bills up for a vote this week, but they are strongly urged to do so. Democrats in the United States House of Representatives will not be obligated to vote against two pro-crypto measures that are scheduled for a floor vote this week; however, they are strongly […]
Re.al Launches Tokenized Reinsurance Fund
Re.al has formally launched its mainnet and pledges to give users their entire earnings back. Powered by Gelato’s Rollup-as-a-Service and operating on Arbitrum (ARB) Orbit, re.al has made a solid debut with $40 million committed and 190 properties prepared for tokenization. Through enhancing interoperability, guaranteeing fluidity, and increasing asset accessibility for trading, the platform seeks […]
NY AG Reaches $2B Settlement with Genesis for ‘Defrauded Victims’
Genesis, a subsidiary of the Digital Currency Group, and New York Attorney General Letitia James have agreed to a $2 billion settlement. A news release from the Attorney General’s office states that New York’s settlement with the cryptocurrency lender highlights the “real-world consequences” resulting from what appears to be a lack of control over digital […]
HUGO, Imaginary Ones Launch Customizable Denim Jacket
In association with HUGO, the web3 entertainment company Imaginary Ones has developed a new denim jacket that can be customised and incorporates web3 elements. The limited-edition piece, which is a part of HUGO’s denim-focused new line, HUGO BLUE, fits with the brand’s plan to interact with Gen-Z audiences through gaming and Metaverse platforms , according […]