FRBK- 1st Bank Failure of 2024No special indicators here. FRBK closed by regulators on 4-26-2024. The company was founded on November 16, 1987, and is headquartered in Philadelphia, PA. This is not to be confused with the other regional bank closed last year about the same approx. time FRC- First Republic Bank which failed and subsequently bought by JP Morgan on April 26, 2023. Official statement released May 1, 2023. www.fdic.gov
How many more set to fail? I have also noticed consolidation of banks taking place and notifications going out indicating they will not be FDIC insured after they consolidations- making deposits in this climate more risky to customers.
FRBK Source: www.cnn.com
Fdic
Proton XPR - Its the Real DealFollowing a meteoric pre-alt season run over to over 5 cents, XPR cooled its jets and landed for a refuel. It is now ready for another meteoric rise that will most likely arrive around 6 - 7 cents in the near future. The project is integrating the entire industry by wrapping other cryptos into x-coins which can ride the Proton blockchain for zero fees at 4K transacts per second. You can stake XPR in the wallet and also host it with other x-coins on Proton Swap for high APR liquidity farming. NFT market released, and coming soon: full banking integration for a USD-crypto onramp right in the Proton wallet. The team has focused heavily on the idea of decentralized KYC for regulated financial institutions.
This project is expected to find true price discovery at about 1 dollar, and then rising to MATIC level pricing. Don't sleep. Proton XPR is the real deal. This is not financial advice. This is a message.