Banks’ cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter. A slew of lenders including U.S. Bancorp, Goldman Sachs Group Inc, […]
Crypto
What if you could rent out your computer’s hardware from afar, and allow others to use its computing power while you are not using it? Sony’s SONM (SNM Token) is one of the most popular names in the crypto world right now, and for good reason. The value of Sony’s SNM token is skyrocketing, offering […]
The non-fungible token (NFT) market has been facing many challenges lately. What happened to NFts?Since the January highs, the volume of daily NFT sales has fallen from just over $6 billion to only $850 million, almost a 90 percent decline. These […]
The crash of UST was a tragedy for many. People lost their life savings, salaries paid in UST were rendered worthless, and tens of billions of dollars were lost by both individuals and institutions. And investors who had made otherwise calculated risks saw the charts fall to nothing in mere days and shook the entire […]