Swedish pension fund Alecta dumps First Republic Bank shares after price plummets

News Silicon Valley Bank (SVB) and Signature Bank. First Republic Bank’s shares fell 87% after SVB was forced to close earlier this month. Regarding the latest developments, Alecta CEO Magnus Billing told Bloomberg:“The uncertainty about First Republic’s future was too great, partly due…

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Does Bitcoin’s Rally Vindicate the ‘Inflation Hedge’ Thesis – or Is Risk Back on the Menu?

The sharpest part of bitcoin’s rally, after all, has come since Monday, March 13, when it was announced that the floundering Silicon Valley Bank would get a bailout. In a second newsletter this morning, Joe Wiesenthal has changed his mind –…

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Sony Files Patent for NFTs to Allow Transfers Between Games and Consoles

The patent, originally filed last week, would allow players of Sony products such as its flagship PlayStation to have an interoperable Web3 gameplay experience. Gamers would be allowed to transfer in-game assets between devices such as virtual reality (VR) headsets, tablets,…

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Anonymous DAO tomi raises $40M for ‘surveillance-free’ internet

News decentralized autonomous organization, or DAO. The tomiDAO is tasked with network governance, including voting on code alteration proposals and reaching consensus on managing content that violates community guidelines.Related: DAO gets legal recognition in the US as Utah DAO Act passesWhen…

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‘Alternative Internet’ Builder Tomi Raises $40M to Attract Content Creators

Tomi's aim is to "kick off a clean slate for the internet," using its DAO governance model to promote freedom of speech and access to uncensored information, in contrast to the "government and corporate surveillance and censorship" of the world wide…

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U.S. Is Ready to Protect Smaller Banks if Necessary, Yellen Says

In prepared remarks, the Treasury secretary pledged that the Biden administration would take additional steps as needed to support the banking system.Treasury Secretary Janet L. Yellen said that pressures on the nation’s banking system are “stabilizing” in remarks to the American…

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Privacy-Focused Wasabi Wallet Reinstates ‘Coin Control’ Feature in Latest Software Upgrade

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives…

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Congressional privacy proposals could kill scores of blockchain projects

Opinion blockchain technologies and the nascent decentralized web mean that these comprehensive proposals are already behind the times. Without major revisions, these legislative proposals risk strangling decentralizing technologies in the cradle. The 118th Congress has held many hearings on data privacy, and…

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NAR: Existing-Home Sales Increased to 4.58 million SAAR in February; Median Prices Declined YoY

  • Post category:Finance

by Calculated Risk on 3/21/2023 10:49:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.58 million SAAR in February; Median Prices Declined YoYExcerpt: On prices, the NAR reported: The median existing-home price for all housing types…

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Coinbase Expands in Brazil, Allows Crypto Purchases With Brazilian Reals

“Brazil is a key market for Coinbase's international expansion strategy. We are committed to investing in and developing products tailored to the needs of the Brazilian market, as we recognize the immense potential and growth opportunities in the region,” Nana Murugesan,…

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These 3 Cointelegraph Markets Pro alerts generated a cumulative profit of over 100%

Market Update SOMM’s Newsquakes™ alert with summary and price change. Source: Cointelegraph Markets ProOn Friday March 17, a Newsquakes™ alert was triggered on Sommelier (SOMM) due to an announcement on Gate.io about its upcoming sale result and listing schedule. The news…

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What is a Blockchain?

BlogBitMar 19·6 min readA blockchain is a decentralized, digital ledger that records transactions across a network of computers. It is the technology that powers cryptocurrencies such as Bitcoin and Ethereum, but it has many potential use cases beyond just digital currencies.Blockchain…

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ZenGo uncovers ‘red pill attack’ vulnerability in popular Web3 apps

News published by developers of crypto wallet ZenGo, the firm said it had uncovered security vulnerabilities in transaction simulation solutions used by popular decentralized applications, or dApps. Dubbed the "red pill attack," this vulnerability allowed malicious dApps to steal user assets…

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Neal Stephenson on the metaverse: ‘It’s happening in a different way’

Interview Author Neal Stephenson with Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr.When asked about how the metaverse evolved after he coined the term back in his 1992 book Snow Crash, Stephenson said that, while his idea of the metaverse’s potential hasn’t changed, new…

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“If We Again See Deflation Ahead, It Requires Fiscal AND Monetary Fusion”

  • Post category:Finance

By Michael Every of RabobankShulman, Nosov, Tyulakov, Watford, Melnikov, Avayev, Protosenya, Krukovsky, Subbotin, Voronov, Rapoport, Maganov, Pechorin, Sungorkin, Gerashchenko, Pchelnikov, Petrunin, Mushegian, Taran, Makei, Kochenov, Zelenov, Bidenov, Buzakov, Antov, Maslov, Abdulaev, Pawochka, Makarov, Yankina, Rovneiko. The list of prominent Russians who…

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How investing 1.3 per cent of GDP could decarbonise the global economy – and unlock massive financial savings

How much will it cost to build a net zero emission economy? With attempts to deny the seriousness of the climate crisis and discredit the feasibility of clean technologies overwhelmed by observable reality...

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Yellen To Reassure World That “Treasury Is Committed” To Bailing Out Regional Bank Depositors

  • Post category:Finance

Watch Treasury Secretary Janet Yellen will address bank leaders from across the country at the American Bankers Association's annual Washington Summit (due to start at 1000ET):  Read Yellen's prepared remarks below: (emphasis ours)Good morning, everyone. Thank you, Rob, for your leadership of…

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Comparing Ethereum Smart Contract Development with Traditional Smart Contract

Cathrine WilliamsMar 21·7 min readComparing Ethereum Smart Contracts with Traditional ContractsWelcome to our blog where we will be discussing the key differences between Ethereum smart contracts and traditional contracts. Contracts are a fundamental aspect of any business or legal agreement, and…

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IoTeX Blockchain’s DAO Votes to Add Ether Liquid Staking Derivatives

“Increasing the IOTX staking ratio and, therefore, the security of its blockchain has always been the goal for IoTeX,” co-founder Raullen Chai said in a message to CoinDesk. “The primary motivation behind IIP-13 is improved security and further decentralization of the…

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