Silvergate Seeks Assistance From US Congress Agency
Silvergate Capital is in discussions with the US FDIC to receive advice on how to stay afloat as its financial problems get worse. One of the many victims of Sam Bankman-Fried’s FTX exchange collapse, Silvergate Capital, recently met with FDIC representatives at its California headquarters to discuss methods to overcome its escalating financial difficulties and […]
Consensys To Lay Off 11% Of Its Workforce
Ethereum development company and MetaMask creator, ConsenSys, layoffs a total of 97 employees 11% of the work force globally. ConsenSys, a software company with a focus on Ethereum best known for creating the MetaMask wallet, is one of the most recent cryptocurrency businesses to slash the size of its personnel. Joseph Lubin, the company’s creator, […]
US senator behind efforts to pass crypto bill won’t run for re-election
Michigan Senator Debbie Stabenow, chair of the United States Senate Agriculture Committee, has announced that she will be leaving office in 2025. Stabenow stated in a Jan. 5 statement that she will serve out the remainder of her 6-year term in the Senate before “pass[ing] the torch” to other US representatives. The senator was one […]
U.S lawmakers under pressure following FTX collapse
In response to FTX’s fall, United States lawmakers are reevaluating the crypto industry’s regulatory needs for 2023. In light of the demise of FTX, legislators in the US appear to be reassessing the crypto business and its regulatory requirements. The Wall Street Journal claims that since the cryptocurrency exchange declared bankruptcy in November, politicians have […]
SBF’s Crypto Wallets To Be Investigated By U.S. Authorities
The U.S. authority has launched an investigation into the crypto dealings which are allegedly undertaken by Sam Bankman-Fried. Recent reports state that federal authorities are looking into a series of cryptocurrency transactions that have been connected to Sam Bankman-Fried-related digital wallets by web analysts. Data tagging company Arkham Intelligence has determined that these monies are […]