Why Businesses Should Adopt DLT, Blockchain Tech and Web 3.0 As businesses look for ways to enhance efficiency and gain competitive edge, many are turning to distributed ledger technology (DLT), blockchain technology and Web 3.0 as possible solutions. These emerging technologies hold great promise of revolutionizing how businesses operate - from streamlining supply chain management processes to increasing customer engagement levels. In this article, we'll outline why businesses should utilize DLT, blockchain technology and Web 3.0 in order to gain an edge against competition and boost efficiency. DLT and blockchain technology provides businesses with a more transparent and trustworthy means of recording transactions…
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JPMorgan Chase Acquires First Republic Bank After Silicon Valley Bank Crisis
First Republic Bank was closed in just a few weeks, following the Silicon Valley Bank Crisis. Federal Deposit Insurance Corporation has announced that the bank will be shut down by the California Department of Financial Protection and Innovation. FDIC also purchased the assets of JPMorgan. The total assets and deposits of the bank exceed $330 Billion. In order to protect its depositors the FDIC has entered into an agreement with JPMorgan Chase Bank National Association in Columbus, Ohio, whereby it will buy all First Republic Bank deposits and assume substantially all assets. JPMorgan Chase has acquired all assets and deposits of FRB as well as…
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