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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.
DeSantis Proposes Flat Tax and IRS Elimination, Sparks Trump Rivalry in 2024 Race
In the 2024 presidential campaign, Florida Governor Ron DeSantis advocates for a flat tax system and the elimination of the IRS, a move that has ignited a political battle with Donald Trump, highlighting internal Republican party dynamics and differing tax policy visions
WhaleFin is being sued by Atletico Madrid for unpaid sponsorship
Atletico Madrid is suing WhaleFin for €20 million over a terminated €40 million sponsorship deal, claiming financial losses and potential reputational damage.
Elon Musk Endorses Pro-Crypto Republican Presidential Candidate Vivek Ramaswamy
Elon Musk endorses pro-crypto candidate Vivek Ramaswamy. Amidst tense crypto regulations, the 2024 U.S. elections may shape the future of digital currencies.
Republic Invests $5.25 Million into INX at a Valuation of $50 Million
Republic acquires a stake in INX with a $5.25M investment, setting INX's pre-investment valuation at $50M.
Prometheum's License Approval: Republican Lawmakers Challenge SEC and FINRA Decisions
Prometheum Ember Capital's designation as the first digital asset SPBD has raised concerns among Republican House Committee members.
INX to renew Share and Token Repurchase Programs
INX announced the renewal of its normal course issuer bid (NCIB) to repurchase common shares and INX Limited's token repurchase program.
Tether's Development Team Nears Completion of Advanced Mining Libraries
Tether's dev team is nearing completion of JavaScript libraries for mining, utilizing Holepunch.to technology. CTO Paolo Ardoino announced the development on Aug 5, 2023.
Kansas Heartland Tri-State Bank Closure Indicates Continued U.S. Banking Crisis
On July 28, 2023, the Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank of Elkhart, Kansas, appointing the Federal Deposit Insurance Corporation (FDIC) as receiver.
JPMorgan to Acquire First Republic Bank Assets
JPMorgan Chase is set to acquire First Republic Bank's assets after the troubled bank was closed by regulators. JPMorgan will assume all assets, including uninsured deposits, and enter into a loss-sharing agreement with the FDIC.