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The Japanese Ministry of Finance is reportedly exploring the viability of a central bank digital currency (CBDC) and is planning to launch an expert panel next month for the same. The expert panel will be tasked with gauging the feasibility of issuing a digital yen. According to a report by NHK, in addition to exploring the use cases of a digital yen, the expert panel will also work on a framework for CBDCs. The panel’s research will be aided by the findings of a two-year-long technical study carried out by the Bank of Japan, which is the country’s central bank. Officials from the Bank of Japan told local media that, as of now, the central bank had no concrete plans to start issuing digital currencies. The officials anticipate some time before the legal aspects of the plan are hammered out, and the framework surrounding a digital yen is finalized. However, the Ministry of Finance will take into consideration the findings of the expert panel and accordingly decide whethe...

Matt Damon, the American film actor, producer, and screenwriter, who had been ridiculed for being a part of the infamous advertisement of the crypto exchange Crypto.com, revealed that the advertisement was an attempt to raise money for his clean water initiative Water.org. On March 27, while he appeared for the premiere of his new film, AIR, he spoke to the Associated Press, clarifying his agenda for participating in Crypto.com’s advertisement titled “Fortune Favors the Brave,” released in October 2021. Significantly, Damon proclaimed that the crypto exchange, in reward of the ad, contributed almost $1 million to his charity organization Water.org. He added that it was a time when the organization had insufficient funds; he promised the exchange that he would work with them for the organization’s well-being. Damon added that he has a lot of gratitude towards the company, quoting: And I did that commercial in an attempt to raise money for water.org. And I gave my wh...

Join Our Telegram channel to stay up to date on breaking news coverage The United States Federal Deposit Insurance Corporation (FDIC) has ordered Signature Bank crypto clients to move their money to other banks and close their accounts by April 5. In a March 28 report by Bloomberg , the regulator’s spokesperson asserted that the FDIC is reaching out to depositors from the collapsed lender’s Signature Bank, whose deposits are not included in Flagstar Bank bid, a unit of New York Community Bancorp’s (NYCBs). This is to confirm that these deposits belonged to digital asset users. The spokesperson said: “Flagstar’s bid did not include around $4 billion in deposits linked to Signature’s digital-asset business. We are encouraging clients to move those deposits by April 5.” However, any crypto deposits not transferred or taken out by April 5 will be liquidated, and the regulators will mail the check to the recorded address.  The $4 bill...

Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia. A new bill has been introduced to the Australian parliament proposing regulations for the provision of cryptocurrency services in the country. Senator Andrew Bragg submitted a private senator s' bill titled Digital Assets Bill 2023 to ‘protect consumers and promote investors’, which includes regulatory recommendations for stablecoins, licensing of exchanges and custody requirements. Proposed regulatory changes are typically introduced by Australian ministers. However, as the Parliamentary Education Office stipulates, members of parliament can introduce private members' or private senators' bills, which can take months or years to pass through parliament. Bragg provided further information for the submission of the private bill, hitting out at the current Labor government for not following through on 12 recommendations relating to cryptocurrency regulati...

Author: @0xMavWisdom The day after the Arbitrum airdrop, zkSync, another Layer 2 project jokingly referred to as the Big Four, officially released its V2 network, zkSync Era. Although zkSync officials emphasized that the initial release of Era would not come with Token and that it might take an expected year or so to decentralize the network, this did not dampen users' enthusiasm for the potential wealth effect of the airdrop. In the days following the official opening to users, there was an influx of funds into zkSync Era. According to Dune Analytics, in less than three days since zkSync Era was launched, more than 64,000 unique wallets and over 12,000 ETH have been bridged from Ethereum to zkSync Era. In this article, we'll take a look at the dAPPs that are currently live on the zkSync Era mainnet to help you better understand the network ecosystem and enable interactions. （Source: https://dune.com/gm365/era ） Bridge Orbiter Finance（https://www.orbiter.finance/） Orbiter Fina...

According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley Bank Purchased by First Citizens in FDIC-Mediated Deal The FDIC has announced that First Citizens Bank has taken over Silicon Valley Bank (SVB) following the acquisition of Signature Bank by Flagstar seven days prior. According to the FDIC, as of March 10, 2023, SVB had $167 billion in total assets and approximately $119 billion in total deposits. First Citizens Bank purchased $72 billion worth of SVB’s assets “at a discount of $16.5 billion,” the FDIC said. The federal deposit insurance entity also stated that “approximately $90 billion in securities and other assets will remain in receivership for disposition by the FD...

A crypto trader shared a post on Twitter earlier this morning to share his thoughts on what the price of the largest altcoin by market cap, Ethereum (ETH), might do in the coming days. According to the post, the trader believes that ETH’s correction is coming to a close, and the altcoin has reached its weekly low for now. Ethereum/US Dollar 1h (Source: Twitter) This being the case, the trader believes that the price of ETH will only go up from its current position. When looking at the community’s thoughts on this prediction, it seems like not many people agree with the traders opinion on ETH at the moment. One commenter specifically pointed out a Tweet made by the whale tracking website, WhaleStats, this morning. In this Tweet, WhaleStats announced that 21,375 ETH, worth about $37,527,485, was transferred from an unknown wallet to Coinbase. This could imply that whales are getting ready to sell their ETH. ETH is currently trading hands at $1,801.36 after a 1.26% incr...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto Maxi reviewed a new gaming platform Fight Out that has raised over $5.8 million from investors with less than a week left in its presale. The Fight Out presale is anticipated to conclude on March 31st, and the CEX listing is scheduled to take place on April 5th. Crypto Maxi – Last Chance to Grab the FGHT Token Bonus Since its presale launch, the Fight Out has been met with enormous interest from investors who are enthused by the great expectations of its fitness software. The project has indeed sold more than $5.8 million, and the price of FGHT on its final presale stage is $0.333. The Fight Out presale will end in less than five days, so now is the perfect opportunity to take advantage of the early bird rate and maximize your earnings. With the improved bonus system, they are now offering huge 67% presale bonuses with no vesting period. Only 6 days left until the #Presale ends! Hurry and a...

A finance professor emeritus at the Wharton School of the University of Pennsylvania, Jeremy Siegel, expects the price of bitcoin to fall when people feel they are “safe in the banks again.” Following the collapse of several major banks, he noted that “Bitcoin is enjoying its biggest rally in a long time.” Professor Siegel Wants Government to Temporarily Insure ‘All Deposits Everywhere’ In his weekly commentary published by New York-based asset manager Wisdomtree on Monday, Professor Jeremy Siegel shared his views on the U.S. economy, bank failures, and bitcoin’s price outlook. Siegel is a professor emeritus of finance at the Wharton School of the University of Pennsylvania who currently serves as a senior investment strategy advisor to Wisdomtree. Following the collapse of several major banks, including Silicon Valley Bank and Signature Bank, many people have urged the government to guarantee all deposits temporarily to restore confidence in...

The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York. Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrest ed in Montenegro. The 31-year-old entrepreneur was charged with eight separate counts, including securities fraud, commodities fraud and wire fraud, according to a March 24 report from Bloomberg. Filip Adzic, the minister of interior of Montenegro reported on March 23 that an individual suspected of being the former “cryptocurrency king,” was detained at the Podgorica airport with “falsified documents,” and authorities are awaiting official confirmation of identity. Kwon was detained in Podgorica Airport with Hon Chang Joon while trying to fly to Dubai, Adzic stated. South Korean prosecutors have issued an arrest warrant against Kwon, who faces a series of fraud charges and breaches of capital markets la...

Laser Digital, a division of Nomura that deals with digital assets, has put money into ClearToken, a startup that is building a clearing house for the digital asset market. No details about the investment were given. ClearToken says it has found a hole in the way the digital asset market is set up and is building a central counterparty to fill it. The CCP will get rid of bilateral counterparty risk for settlement, financing, and derivative transactions by centralizing clearing, settlement, collateral, and risk management in the same way that traditional exchange-traded assets do. This will let everyone in the ecosystem, including investors, exchanges, brokers, market makers, and custodians, deal with the CCP instead of each other. This will speed up transactions, make better use of capital, and reduce risk for everyone. ClearToken’s CCP is not built into any one exchange or platform, and it can be used to clear over-the-counter transactions that are agreed...

Investors have started shuffling funds and diverting them towards altcoins in 2023. Right from XRP, Cardano, and Chainlink, to Dogecoin and Shiba Inu, the top gainers’ list on Wednesday, March 22, boasted of a host of prominent names. All of the aforementioned crypto assets fetched their users’ returns in the 5%-15% bracket over the past 24 hours. In the midst of the price rise climate, prominent exchanges have started listing community favorite tokens. For instance, Crypto.com recently listed the Shiba Inu ecosystem’s BONE token. Also Read: Shiba Inu’s BONE Bags a Listing on Crypto.com Is another Shiba Inu listing underway? Today, another prominent Japanese ex change , bitFlyer announced that it will start “handling” Shiba Inu. To commemorate the same, the ex change will give away SHIB tokens to selected customers via a lottery. Notably, the ex change has around 2.5 million users. ━━━━*＼ #SHIB ＆ #PLT 取り扱い記念／*━━━━ 抽選で 20 名様に 1 万円相当のコインをプレゼント その場で当たる #フォローRTキャンペーン 開催...