Browsing: Crypto News

Contagion from the Dec. 12 flash loan attack against Euler has spread far and wide, resulting in frozen or lost…

Crypto mining firm Marathon Digital Holdings has assured investors that the firm’s cash deposits at Signature Bank are secure and…

Big Tech firm Meta is scrapping its nonfungible token (NFT) feature across its social media platforms Facebook and Instagram just…

Caroline Hill, the director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame…

Banks saw their share prices take a rollercoaster ride over the weekend and into March 13. Trading was temporarily halted…

On Mar. 13, American derivatives marketplace CME announced the launch of Bitcoin (BTC) futures event contracts. The exchange, which is…

The price of Bitcoin (BTC) increased by 14.4% between March 12-13 after it was confirmed that financial regulators had rescued…

Last week, another major quake shook crypto markets. Silvergate Bank — a crypto-fiat gateway network for financial institutions and a…

According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access…

Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the…

A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives…

The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff…

US-based cryptocurrency exchange Coinbase announced the suspension of trading for the Binance  USD (BUSD) stablecoin on March 13 via Twitter. We have…

Crypto exchange Gemini had no funds at Signature Bank, and its Gemini US Dollar (GUSD) stablecoin was not backed by…

Cryptocurrency investment products lost 10% of assets under management last week as institutional investors rushed for the exit during the…

Banks are the lifeblood of a nation’s economic system, and any bank collapse is disturbing. Last week saw two failures.…

According to Web3 analytics platform Watchers, a total of 314.167 million USD Coin (USDC) was sent by its issuer, Circle,…

According to a March 13 tweet by Okcoin CEO Hong Fang, the U.S. affiliate of cryptocurrency exchange OKX had no exposure…

Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the…

On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political…

Ethereum’s native token, Ether (ETH), rallied on March 13 after the U.S. regulators shored up wavering confidence in the banking…

Nonfungible token (NFT) memes have brought mainstream attention to the world of NFTs and digital art, helping to expand the…

Silicon Valley Bank (SVB) has suffered a major fall from grace following half a decade of being rated as one…

Earlier this year, Joshua Browder, CEO of AI startup DoNotPay, attempted to bring a robot lawyer into a California courtroom,…

The panic caused due to USD Coin’s (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing…

Circle has revealed that Cross River Bank, a bank recognized for its services to fintech firms like Visa and Coinbase,…

Ethereum-based noncustodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal…

Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the encryption layer…

Bitcoin (BTC) begins a new week with a bullish surge above $22,000 as the Federal Reserve injects liquidity into the…

An NFT’s rarity plays a role in its perceived cultural and artistic significance. For example, an nonfungible token (NFT) that…

The wider cryptocurrency community continues to debate the ongoing fallout following the closure of three major American banks, with calls…

The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC)…

A solo Bitcoin miner has managed to solve/mine the 780,112th block in the Bitcoin blockchain and received a 6.5 Bitcoin…

Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with…

Over the last year, a series of court cases have struck the crypto industry. Bankruptcy, liquidity issues and fraud have…

Japanese automotive brand Nissan has become the latest car manufacturer to ramp up its Web3 efforts, filing four new Web3-related…

Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in…

Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up…

The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley…

Nonfungible token marketplace OpenSea has reportedly patched a vulnerability that, if exploited, could have exposed identifying information about its anonymous…

Circle’s stablecoin USD Coin (USDC) is climbing back to its $1 peg following confirmation from CEO Jeremy Allaire that its…

Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB)…

Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding…

New York-based Signature Bank, another crypto-friendly bank, has been closed down by its state charter authority as of Mar. 12.The…

Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of…

Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank’s subsidiary in the…

United States authorities are working on “material action” over the weekend in an attempt to limit the ripple effect across…

Nonfungible tokens (NFTs) prove ownership by creating a unique digital certificate for a specific asset. A decentralized digital ledger that…

The United States Federal Deposit Insurance Corporation (FIDC) started an auction process on March 11 night for Silicon Valley Bank,…

Traders dumped risky assets following the crisis and failure of Silicon Valley Bank (SVB). The S&P 500 Index plunged 4.55%…

A plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United…

United States Treasury Secretary Janet Yellen is reportedly working with regulators to address Silicon Valley Bank collapse and protect investors,…

Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket…

While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled…

As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operation, numerous venture capitalists and investors joined hands and…

Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired. Source link

The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market…

Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks…

The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it…

Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the…

Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs…

USD Coin issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following Silicon Valley Bank’s…

Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility…

According to a post on Mar. 11 by Bob Elliot, chief investment officer of Unlimited Funds, relief efforts may already…

The Cosmos community has approved a vote to add “replicated security (RS)” to its chain, with 99.99% of votes in…

Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the…

According to a report that began circulating on March 11 in the aftermath of the collapse of Silicon Valley Bank…

Decentralized websites rely on decentralized networks rather than centralized servers to preserve and verify the data’s integrity. Decentralized websites offer…

In response to the extraordinary depegging event of the USD Coin stablecoin caused by the collapse of its counterparty Silicon…

Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community, leading…

According to play-to-earn nonfungible tokens (NFT) protocol Aavegotchi on Mar. 11, the entity closed the bonding curve defining the exchange…

Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found…

According to a forum post from Maker DAO, issuer of the U.S. dollar-pegged DAI stablecoin, on Mar. 11, the firm…

Ethical hacking, also known as “white hat” hacking, is the process of identifying and exploiting vulnerabilities in a computer system…

Bitcoin (BTC) refused to let $20,000 support die for good on March 11 as the weekend opened to a battle…

The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent…

Soon after Circle revealed that Silicon Valley Bank did not transfer $3.3 billion of its USD Coin (USDC) reserves, the…

United States Senators Elizabeth Warren and Ron Wyden asked the Public Company Accounting Oversight Board (PCAOB) to hold auditors accountable…

Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase…

Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40…

On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet…

According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a…

USD Coin (USDC) issuer Circle’s exposure to the United States banking system sits near $9 billion, according to its latest…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you…

On Mar 10, Reuters reported that the U.S. District Judge Lewis Kaplan has expressed concerns over the proposed bail conditions…

Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception.…

The United States Securities and Exchange Commission (SEC) ordered against a rule change to allow investment manager VanEck to create…

Ethereum’s upcoming Shanghai upgrade will allow users to withdraw staked Ether (ETH), increasing the network’s liquidity and competitiveness while also…

With the Bitcoin (BTC) halving more than a year away, don’t expect crypto industry narratives to change anytime soon. Nay,…

The collapse of crypto-friendly bank Silvergate will likley have a significant impact on the crypto ecosystem and its ties with…

Some AAVE users who accidentally sent tokens to the wrong address may soon be able to recover them, according to…

Bitcoin (BTC) led a sharp sell-off in the cryptocurrency markets on March 9 as the woes at Silvergate Bank and…

Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of…

Four United States Republican senators lead by Bill Hagerty have written a letter to the heads of federal banking regulatory…

The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets…

Silicon Valley Bank, a major financial institution for venture-backed companies, was shut down by California’s financial watchdog on March 10…

Staked Ether (ETH), liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there…

Learning the principles of finance is essential for managing personal and business finances, making informed investment decisions and understanding the…

Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley…

Degen Zoo, an NFT game inspired by YouTuber Logan Paul’s controversial Crypto Zoo concept, has seen more than 115,000 wallets…