Fed Reveals 722 Banks Reported Unrealized Losses Over 50% of Capital as Concerns Over US Banking Crisis Grow
The U.S. Federal Reserve has revealed that 722 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of 2022. “Rising interest rates are creating significant unrealized losses in investment securities and in some cases depressing tangible equity,” according to the Fed’s Division of Supervision and Regulation. 722 Banks Reported Unrealized Losses of More Than 50% of Capital The U.S. Federal...
Doctors Behind Mifepristone Ban Called ‘Christians’ a Top Threat
Leaked documents reveal that the American College of Pediatricians viewed “mainstream medicine” and “nominal Christians” as its opposition. Powered by WPeMatico
Meta Moves to Counter New Malware and Repeat Account Takeovers
The company is adding new tools as bad actors use ChatGPT-themed lures and mask their infrastructure in an attempt to trick victims and elude defenders. Powered by WPeMatico
US-Based Bitcoin Focused Startup Fedi Raises $17 Million in Series A Funding Round
Fedi, the U.S.-based fintech which is led by the Nigerian bitcoin advocate Obi Nwosu, said on May 3 that it recently raised $17 million in a Series A funding round. The company said it will use the funds to help it launch what it called the “world’s first federated operating system.” Obi Nwosu said the Fedi Alpha version, which is targeted at the builder community, is set to be rolled out later in May. ‘Protecting User Privacy and...
Texas House Advances Gold-Backed Digital Currency Bill
Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would also allow them to execute redemptions for the gold specie, or coins, backing it. Texas House Committee Passes Gold-Backed Digital Currency...
