The Shapella hard fork has been executed on the Goerli testnet — the last test run before Ethereum validators will be able to withdraw their Ether (ETH) from the Beacon Chain. There were, however, issues with the hard fork. Ethereum core developer Tim Beiko noted that while deposits were being processed, the process didn’t run
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Web3 wallet app MetaMask has introduced a number of new features aimed at enhancing privacy and giving users more control, according to a March 14 blog post by the developer. The new features come after MetaMask had previously been criticized for allegedly intruding on users’ privacy. MetaMask Mobile v6 is now available to everyone! Our
Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature Bank, which has prompted regulators to intervene with a rescue plan for impacted depositors and institutions. Despite the downgrade,
In this article FRPT GES LEN AAWW FRC WAL KEY Follow your favorite stocksCREATE FREE ACCOUNT Newly constructed houses built by Lennar Corp are pictured in Leucadia, California March 18, 2015. Mike Blake | Reuters Check out the companies making headlines after the bell: Lennar — The homebuilding stock gained about 2% in extended trading.
Illinois drew a fresh rating upgrade Tuesday for making further progress in tackling its chronic fiscal sore spots. Moody’s Investors Service raised Illinois’ general obligation and sales tax-backed Build Illinois bonds by one notch to A3 from Baa1 and assigned a stable outlook. The upgrade also lifts the Metropolitan Pier & Exposition Authority’s rating one
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration
Municipals were little changed Tuesday in secondary trading as the $1.25 billion deal from the New York City Transitional Finance Authority took focus in the primary. Days after the Silicon Valley Bank collapse, U.S. Treasuries reversed course and sold off on the heels of the most recent inflation report. Equities ended up. Triple-A benchmarks largely
Rishi Sunak was on Tuesday warned not to weaken City of London regulation, including plans to relax rules for smaller banks, following the collapse of the UK arm of Silicon Valley Bank. The prime minister and chancellor Jeremy Hunt have pushed for looser post-Brexit regulation of the City under the so-called Edinburgh reforms, but the
Parents of one and two-year-olds in England will be entitled to 30 hours of free childcare a week, under a £4bn giveaway expected to be announced in Wednesday’s Budget. The significant expansion of early years entitlements is part of a series of childcare measures to be announced by chancellor Jeremy Hunt. He is also likely
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and
S&P Global Ratings placed 149 ratings on CreditWatch with negative implications, because they have not received 2021 financial statements from the issuers. The rating agency put issuers — including local governments, utility and public power ratings — across the country on notice that if it doesn’t receive the audited financials within 30 days their ratings
Michigan falls $3.9 billion short annually of what it needs just to maintain the condition of its roadways, according to a report that serves as launching pad for a coalition pressing for a long-term fix that will require new or higher taxes. The projection comes from an analysis of the cost of meeting state road
Gov. Phil Murphy was quick to announce $35 million in support for businesses in New Jersey affected by the collapse of Silicon Valley Bank. Two programs managed by the New Jersey Economic Development Authority will provide businesses in the state with critical short-term support and ensure investments “continue to flow” to emerging industries in the wake of
US prosecutors are investigating the collapse of Silicon Valley Bank after a dramatic outflow of customer deposits from the Californian tech lender led to the biggest US bank failure since the global financial crisis, according to a person familiar with the matter. The Securities and Exchange Commission has also launched an investigation into the lender’s
NatWest, a retail and commercial bank in the United Kingdom, is taking measures to protect customers from potential crypto losses amid Bitcoin (BTC) hitting multi-month highs. On March 14, NatWest introduced major restrictions on payments to cryptocurrency exchanges, imposing daily and monthly caps for such transactions. According to an announcement shared with Cointelegraph, NatWest has
The state of Washington would allow local governments, school districts and the state to enter into long-term public-private partnerships to provide energy services for buildings under legislation passed by the House last week. House Bill 1777 comes as the state gears up for its first-of-its-kind climate legislation that requires all large buildings to reduce their
The leader of Northern Ireland’s main unionist party has called for “further clarification, reworking and change” to the new post-Brexit trade deal for the region agreed by London and Brussels after months of wrangling. In his most detailed assessment of the Windsor framework since it was unveiled last month, Democratic Unionist Party head Sir Jeffrey
The world’s largest private investment firms are exploring the purchase of loans from the remains of Silicon Valley Bank after the collapse of the tech-focused lender last week. Blackstone Group, Apollo Global Management, KKR, Ares Management and Carlyle Group are among the buyout groups examining SVB’s $74bn loan book for pieces that might fit into
What a difference a week makes. The Federal Open Market Committee meets next week and after the employment report, the odds of a 50-basis point rate hike soared. With the collapse of Silicon Valley Bank and Signature Bank, the market is now expecting a 25 basis point hike, or perhaps a pause. After SVB’s failure,
Banks fail. When they do, those who stand to lose scream for a state rescue. If the threatened costs are big enough, they will succeed. This is how, crisis by crisis, we have created a banking sector that is in theory private, but in practice a ward of the state. The latter in turn attempts
press release PRESS RELEASE. Trading available on Coincheck (exchange) from March 16 〜 FNCT (Financie Token) main page: https://fnct.xyz Financie, Inc. (Headquarters: Shibuya-ku, Tokyo, CEO: Hironao Kunimitsu, hereinafter referred to as “Financie”) announces the results of its crypto asset FNCT (Financie Token) sales on the Coincheck IEO. The sales result shows that the application amount