US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.” US Regulators Issue Joint Statement on Crypto The Board of Governors of the Federal Reserve System, the Federal...
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and community banks across the United States. Circle Partners With Atlanta-Based Citizens Trust Bank The...
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance is “a sharp drop in the stock market.” Mike McGlone Shares March Outlook for Precious Metals...
Mojang Targets Repositories of Browser-Based Minecraft Copy ‘Eaglercraft’
Minecraft is, without doubt, one of the most iconic and recognizable videogames of recent times. The game was originally created by Markus “Notch” Persson, who also founded Mojang Studios, which continues to develop the software today. In the years following its first release in 2011, Minecraft captured a truly massive audience. With more than 238 million copies sold, it’s also the best-selling video game in history, a reign that...
Japan’s Systematic Assault on Manga & Anime Piracy Broadens & Intensifies
After thriving in what was once a localized traditional market, Japanese comics known as ‘manga’ took the world by storm. Publishers and authors could only watch as their work fueled a huge but unlicensed black market. By offering free localization and distribution services in what was once a chronically underserved overseas market, hobbyist translators and pirate sites made manga more accessible in every way. The problem for manga...
