May 2023

Circle launches cross-chain transfer protocol, Visa shares plans for stablecoin product, Kraken fights back in court, and more.

Cross River Bank is yet to confirm or deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021.

The FDIC blamed Signature’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.

The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.”

YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers.

Bitcoin approaches the end of April having barely moved, with BTC’s price offering little short-term clues on the trajectory.

New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive.

If Bitcoin price breaks above $30,000, several altcoins such as SOL, ATOM, ICP and HBAR are well-positioned for a rally of their own.

Representative Patrick McHenry suggested the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senators Cynthia Lummis and Kirsten Gillibrand.

The latest user-centric revamp aims to improve follower engagement and create new revenue streams on the social media platform.