The Fed details why the custodia application was denied

The Federal Reserve (Fed) has come out all guns blazing against Custodia Bank’s attempt to become a member of the Federal Reserve System, as it criticized the proposal and justified its rejection. In an 86-page document released on Friday, the Fed claimed there are fundamental concerns about Custodia’s approach. Custodia Bank, formerly known as Avanti, … Read more

Blockchain Safe Havens: Cayman Islands or Bahamas?

The FTX scam, conceived in the Bahamas, has left investors battling a legal battle, attempting to recover funds from the collapsed company. As a result, the reputation of the Bahamas suffered from negative publicity and fear, uncertainty and doubt. Casting a shadow over the island nation. Meanwhile, the Cayman Islands have emerged as a crypto-friendly … Read more

Matter Labs Deploys First Permissionless ZK Rollup Mainnet

Matter Labs has launched its zero-knowledge EVM mainnet zkSync Era in alpha, marking the first-ever launch of a permissionless zero-knowledge Ethereum scaling solution. Several notable crypto projects are already live on the zkSync era, including Argent, a DeFi and Ethereum wallet, Frax, a fractional algorithmic stablecoin, and the oracle network Pyth. Ethereum projects and exchanges … Read more

Bitcoin as a hedge against hyperinflation: the future of finance

Over the past 50 years, the cost of living has skyrocketed, raising concerns about whether our current economic trajectory is headed for hyperinflation. As prices continue to rise, many people are turning to alternative solutions like bitcoin to protect their wealth and safeguard against the potential collapse of traditional financial systems. As we look at … Read more