China News Official TheBitTimes.com

Join Our Telegram channel to stay up to date on breaking news coverage Recently, several US banks have collapse d as economic difficulties continue to ravage the financial industry. Only a day after the fall of Silvergate Bank, the Silicon Valley Bank (SVB) also collapse d, and following it, Signature Bank did, as well. As the situation started becoming more and more concerning for investors and business partners of these financial institutions, US President Joe Biden himself decided to address the situation. In his recent tweet, Biden vowed to hold accountable those responsible for the failure of the banks. At the same time, he has taken the opportunity to assure Americans that their deposits are safe. Another US bank collapses over the weekend The collapse of Signature Bank is the most recent of the three, taking place over the weekend. The New York District of Financial Services reacted on March 12th, taking possession of the bank. The US Fed commented on the move, stati...

1. ETH’s weekly summary a. Ethereum developer: Goerli will be shut down eventually link Ethereum developer @TimBeiko tweeted to disclose the current state and future plans of the Ethereum test network: Goerli will be shut down eventually, future testnets, incl. Sepolia, can mint more ETH, and hopefully ones after that can include more addresses in genesis files. b. Scroll releases testnet version of Ethereum L2 on Goerli testnet link Scroll has released a testnet version of its Ethereum L2 on the Goerli testnet, transitioning zk-EVM from pre-alpha (launched in August 2022) to the alpha testing stage, which will be the final phase before its mainnet launch. c. Vitalik discusses cryptocurrency payment failures and solutions in new article link Vitalik posted an article discussing the failure experience of cryptocurrency payments, long delays, the need for a better UI, and better forms of account abstraction to remove the need for centralized or even federated relays, and commoditize the ...