Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time.
Online fraud scams are becoming more prevalent with each passing year as Americans lose billions of dollars, which in many cases, can’t be regained.
On Monday, Binance said it would suspend withdrawals and deposits for anybody using UK currency. The news came after the world’s largest crypto exchange’s banking partner in the UK, Paysafe, said it was abandoning crypto, at least as far as Binance was concerned.
Texas Republicans are at it again. Last week, Republican politicians in the state legislature introduced a package of bills intended to punish renewable energy and boost fossil fuels, despite the fact that Texas is currently one of the nation’s top generators of renewable power.
Unidentified cybercriminals managed to boost nearly $200 million from the decentralized finance lender Euler Finance on Monday. The attack, which stole millions in crypto assets like DAI and USD Coin, is being hailed as the biggest crypto hack of the year so far. If this year is anything like 2022, when hackers stole…
President Joe Biden is striving to reassure Silicon Valley companies that their money is secured after the Silicon Valley Bank (SVB) crashed last week.
Have you ever dreamed about furthering environmental goals in the corporate space—or, more specifically, working for one of the world’s most prolific climate deniers, at a company helping churn a crusade against the very existence of a job like yours? Great news: Rupert Murdoch’s News Corporation, aka News Corp, is…