Day: 16 May 2023

Federal Reserve Warns: Over 700 Banks Facing Significant Risk

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Massive unrealized losses put more than 700 banks in the US at risk, says Fed. A public release, represented by the Federal Reserve Bank of Kansas City, discusses the growing risks of instability across certain banks under the impact of rising rates. Data indicates that 722 American banks have suffered ‘unrealized losses exceeding 50% of capital.’ The high level of unrealized losses put banks at ‘significant safety and soundness risk.’ Banks Under Pressure The Federal Reserve has reported that those banks have self-reported massive unrealized losses, indicating a potentially significant…

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Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch

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Lido Finance has enabled Ethereum withdrawals after its V2 mainnet went live earlier today.  The community behind the DeFi staking platform passed an on-chain vote to approve the transition to version 2.  Lido’s governance token has gained more than 12% following the latest developments.  Lido Finance, the largest Ethereum staking protocol, has activated the withdrawal of staked ether from its platform. The activation of Ethereum withdrawals comes with the liquid staking protocol’s move to version 2, which was approved through a governance vote earlier today by the community behind the…

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Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High

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Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s been skyrocketing this month. The number of daily transactions processed on the Bitcoin network has also hit an all-time high, with 682,281 transactions on May 1 and 671,668 confirmed transactions just nine days later. Bitcoin’s…

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LOVESNOOPY’ Token Lists on MEXC Exchange

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Seattle, USA, May 15th, 2023, Chainwire The recent surge of meme coins in the cryptocurrency market is nothing short of a phenomena, as meme coins have taken center stage in the world of cryptocurrencies. Amidst the impressive performance of PEPE, a coin that took the center of the meme coin ecosystem, is a new protagonist -the beloved original dog character, Snoopy, who has garnered worldwide affection over a long period of time. Today, the LOVESNOOPY project ($LOVESNOOPY) has announced the token will be listed on the MEXC exchange on May…

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Merov Introduces a Suite of Services for the Bitcoin Mining Industry

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Salem, Oregon, May 15th, 2023, Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community,” said Montana L. Dukes, Founder and Chief Executive…

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