Author: Roland Guirdonan

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Roland Guirdonan

Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.

Articles by Roland Guirdonan

Coinbase Turns to U.S. Supreme Court to Stop Legal Battle Over Arbitration

1 day ago 2 mins read

On Tuesday, the U.S. Supreme Court will hear arguments in its first-ever crypto-related case, as lawyers for San Francisco-based crypto exchange Coinbase attempt to convince the nine Justices to pause a pair of class-action lawsuits against the company. Although the case involves crypto, it is not a crypto case. Instead, it concerns an esoteric, procedural argument over whether a lawsuit can proceed in federal court while one party – in this case, Coinbase – is attempting to send the dispute to arbitration. Coinbase is appealing a federal court’s earlier decision that allowed two lawsuits, Bielski v. Coinbase and Suski v.

Flagstar acquires Signature Bank deposits in FDIC sale, no crypto involved

2 days ago 1 min read

Flagstar Bank, a subsidiary of New York Community Bancorp, has agreed to acquire $38.4 billion worth of non-crypto deposits and $12.9 billion in loans from the collapsed Signature Bank. However, the $4 billion of crypto-related deposits will not be included in the purchase and assumption agreement. The US Federal Deposit Insurance Corporation (FDIC) confirmed that these deposits would be transferred directly to customers who opened a digital banking account. This transfer will amount to 4.5% of the total $88.6 billion deposits that Signature Bank had as of December 31, 2022. The takeover deal will see Signature Bank’s 40 branches operating

Avalanche Network to Integrate Uniswap V3: What It Means for TVL

3 days ago 1 min read

Uniswap, one of the leading decentralized finance (DeFi) protocols, announced on 17 March that it would be deploying on Avalanche and adding support for AVAX. The deployment of Uniswap could have a significant impact on Avalanche in terms of transaction volume and Total Value Locked (TVL). According to some community members, the catalyst for the proposal to deploy Uniswap V3 on Avalanche was the expiration of the Business Source License (BSL) on 1 April, which will allow developers to fork the Uniswap V3. Voting on the proposal ended on 17 March, with 91.26% of the 26 million votes cast in

Charles Hoskinson Addresses FUD Over Cardano’s Governance: What You Need to Know

5 days ago 1 min read

Charles Hoskinson, the founder of Cardano, recently addressed concerns about the network’s governance structure, reassuring ADA enthusiasts and users that development processes will be robust and transparent. In a March 16 video, Hoskinson responded to FUD (fear, uncertainty, and doubt) about CIP 1694, a new governance proposal set to usher in the age of Voltaire to Cardano. The Voltaire era of Cardano will be the fifth major phase of the Cardano blockchain, and is expected to lay out the foundations for decentralized decision-making, ushering the network into a self-sustaining system. Thus, CIP 1694 seeks to build on and extend the

Euler Hacker Sends Crypto through Mixer

6 days ago 1 min read

The recent attack on Euler Finance, which resulted in the loss of $196 million, has sent shockwaves throughout the crypto community. As investigators try to uncover the identity of the hacker responsible, new developments have emerged. The hacker has now moved some of the stolen funds through a popular crypto mixer, Tornado Cash. PeckShield, a blockchain analytics firm, tweeted on March 16 that the exploiter behind the flash loan attack was “on the move.” The hacker transferred 1,000 Ether, worth approximately $1.65 million, through the Tornado Cash mixer. This move comes just hours after Euler Labs announced a $1 million

Binance.US’s Voyager Acquisition Hits Regulatory Snag

1 week ago 2 mins read

Voyager Digital, an insolvent lender, has hit a roadblock in its plan to sell its digital assets to Binance.US, a cryptocurrency exchange, due to an objection by U.S. authorities. The objection stems from a clause in the agreement that would prevent U.S. authorities from taking legal action against anyone involved in the sale. U.S. Trustee William Harrington and other government lawyers filed a motion before a New York bankruptcy court, claiming that the court exceeded its statutory power in authorizing the clause. While not objecting to other aspects of the transaction, U.S. authorities argue that the clause would make it

Signature Bank Probed for Money Laundering Ahead of Collapse

1 week ago 1 min read

Signature Bank, a financial institution known for its cryptocurrency-friendly policies, has been under investigation by two US government agencies before its recent closure. According to reports, the Department of Justice (DOJ) was looking into whether the bank had taken enough measures to detect potential money laundering by its clients. The Securities and Exchange Commission (SEC) was also conducting its own investigation, but details of its nature were not disclosed. It remains unclear when the investigations started and whether they played a role in the New York state regulator’s decision to shut down the bank. Despite this, reports indicate that Signature

Bitcoin Surges to $26,000, Hitting a New High Since June 2022

1 week ago 1 min read

Bitcoin has hit a new nine-month high of $26,533 on Tuesday, marking its fourth consecutive day of gains. This surge in value comes as a result of the chaos in global markets after the recent collapse of Silicon Valley Bank. The rise in Bitcoin’s price follows the expected rate of 6.0% YoY for the Consumer Price Index (CPI). On Sunday, Bitcoin gained 7.6%, and on Monday, it gained 9.1%, with the highest recorded price on Tuesday at around 1306 GMT. This increase in value highlights Bitcoin’s resilience despite its volatile past and the recent setbacks in the cryptocurrency market. The

Euler Finance Takes Action to Block Vulnerable Module and Recover Funds

1 week ago 1 min read

Euler Finance, a decentralized finance (DeFi) lending protocol, has suffered a flash loan attack resulting in the biggest crypto hack of 2023. The attack led to a loss of nearly $197 million, impacting not only Euler but also 11 other DeFi protocols. In response, Euler disabled the vulnerable etoken module and donation function to block deposits. The company has reached out to leading on-chain analytic and blockchain security firms to help investigate and recover the funds. Euler is also in contact with those responsible for the attack in hopes of negotiating a bounty for the return of the stolen funds.

Signature Bank Folds Under Pressure After SVB’s Demise

1 week ago 1 min read

The recent closure of Signature Bank in New York has sent shockwaves through the crypto industry, with authorities citing concerns over the spread of the banking meltdown as the reason for the shutdown. The bank, which had a market value of $4.4 billion on Friday, had been a proponent of digital asset liquidity, offering clients swift payments between exchanges, hedge funds, and other businesses. However, the closure of Silicon Valley Bank earlier in the week had caused many of Signature’s anxious business clients to inquire about the security of their deposits. With the majority of depositors having more than $250,000

Nissan Ventures into Metaverse with Web3 Trademarks and Sales Experimentation

1 week ago 1 min read

Japanese carmaker Nissan is the latest automotive giant to invest in Web3 technology, filing four new trademarks related to the decentralized web in the United States. The trademarks cover the Infiniti, Nismo, and Nissan brands and outline plans to create virtual clothes, cars, headgear, trading cards, toys, tickets, and a nonfungible token (NFT) marketplace for trading and minting NFTs. The company is also planning to offer metaverse advertising services and other “entertainment services” covering online video, images, artwork, tickets, audio, sounds, music, and trading cards, as well as a website with information about Nissan’s proposed NFTs and how they will

Silicon Valley Bank’s UK Unit Sold to HSBC Subsidiary for Nearly Nothing

1 week ago 1 min read

HSBC U.K. Bank, the ring-fenced subsidiary of HSBC Holdings Plc (HSBA), has announced its acquisition of Silicon Valley Bank U.K. (SVB U.K.) for £1 ($1.21), according to a filing. SVB U.K. had loans worth approximately $6.6 billion and deposits worth around $8.1 billion as of March 10, as per the filing. This acquisition is expected to provide strategic benefits to HSBC’s commercial banking franchise and enhance its ability to serve innovative and fast-growing companies, particularly in the technology and life-science sectors, in the U.K. and beyond, said Noel Quinn, HSBC Group CEO. The sale, which was announced on Monday, was