Category: Markets

Home » Markets
Solana DeFi project Friktion shuts down its user platform By Cointelegraph
Post

Solana DeFi project Friktion shuts down its user platform By Cointelegraph

decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26. The project’s website will no longer deliver the same services, operating in a withdrawal-only mode for all Volts and making deposits unavailable. Friktion’s Volts are structured products...

US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities – Regulation Bitcoin News
Post

US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities – Regulation Bitcoin News

The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from providing crypto-assets safekeeping services. Limiting Regulatory Arbitrage The...

Three killed in Russian strike on east Ukraine city By Reuters
Post

Three killed in Russian strike on east Ukraine city By Reuters

3/3 © Reuters. Local resident Serhii stands next to his car destroyed by a Russian missile strike, amid Russia’s attack on Ukraine, in Kostiantynivka, Donetsk region, Ukraine January 28, 2023. REUTERS/Oleksandr Ratushniak 2/3 By Ivan Lyubysh-Kirdey KOSTIANTYNIVKA, Ukraine (Reuters) -A Russian strike killed three people in a residential district of the eastern Ukrainian city of...

Fed denies Custodia Bank application to join the Federal Reserve System By Cointelegraph
Post

Fed denies Custodia Bank application to join the Federal Reserve System By Cointelegraph

The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsistent with the required factors under the law.” It also claimed Custodia had an “insufficient” management framework and cited an earlier joint declaration by the...

Sam Bankman-Fried seeks to access FTX funds  By Cointelegraph
Post

Sam Bankman-Fried seeks to access FTX funds By Cointelegraph

Sam Bankman-Fried’s legal team is seeking to remove a bail condition that prevented him from accessing FTX’s funds, according to court filings from Jan. 28. A letter from Bankman-Fried’s lawyer, Mark Cohen, to United States District Court Judge Lewis Kaplan stated that Bankman-Fried should have access to assets held by FTX, claiming the client was...

Video shows Memphis police officers kicking, beating Tyre Nichols By Reuters
Post

Video shows Memphis police officers kicking, beating Tyre Nichols By Reuters

2/2 © Reuters. FILE PHOTO: Tyre Nichols, who died in a hospital on Jan. 10, three days after sustaining injuries during his arrest by police officers, is seen in this undated picture obtained from social media. Facebook/Deandre Nichols/via REUTERS 2/2 By Alyssa Pointer and Steve Gorman MEMPHIS, Tenn. (Reuters) -Tyre Nichols repeatedly cried, “Mom! Mom!”...

FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers – Bitcoin News
Post

FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers – Bitcoin News

Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions “related to crypto asset transfers should be removed.” Bankman-Fried’s Legal Team Argues for Removal of 2 Bail Conditions In...

Rheinmetall moving towards order backlog of 30 billion euros – CEO By Reuters
Post

Rheinmetall moving towards order backlog of 30 billion euros – CEO By Reuters

© Reuters. Armin Papperger, CEO of German defense and automotive group Rheinmetall AG poses in front of the company’s logo and headquarters following a Reuters interview in Duesseldorf, Germany January 27, 2023. REUTERS/Jana Rodenbusch By Sabine Siebold and Anneli Palmen DUESSELDORF (Reuters) – German arms maker Rheinmetall had a record year in 2022 and is...

Afghan female students not allowed to sit university entrance exam – Taliban ministry By Reuters
Post

Afghan female students not allowed to sit university entrance exam – Taliban ministry By Reuters

© Reuters. FILE PHOTO: Afghan female students walk near Kabul University in Kabul, Afghanistan, December 21, 2022. REUTERS/Ali Khara KABUL (Reuters) – The Taliban-run Ministry of Higher Education ordered private universities in Afghanistan not to allow female students to sit university entrance exams next month, underscoring its policy to restrict women from tertiary education. A...