philadelphia
Republic First Bank Closure: First US Bank Failure of 2024
US regulators have closed Philadelphia-based Republic First Bank, marking the first banking failure of 2024. The closure has sparked debate among the crypto community, with Bitcoin and Ether trading down. The bank had approximately $6 billion in total assets and $4 billion in total deposits as of January 31.
Crypto.com Officially Becomes the Philadelphia 76ers Team's Jersey Patch Partner
Hong Kong-based cryptocurrency exchange Crypto.com announced that it has formed a partnership with the Philadelphia 76ers, becoming its official jersey logo-designated sponsor.
Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve
A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.
Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra
In Part 2 of the interview, Garcia-Herrero explained the disruption of China’s CBDC – digital currency electronic payment (DCEP) on China’s monetary system. She also commented on the basket of currencies that Facebook’s Libra supports and Libra’s potential threat to monetary sovereignty.
Bitcoin and Tesla Prices Plunge as FED Hints QE Scale Back to Avoid Asset Bubbles
Analyst narratives on why Tesla and Bitcoin crashed yesterday are varied, but a look at the FOMC minutes hint at scaling back QE to avoid asset bubbles may be an indication.
