Cryptocoins News / Blockchain - 1 year ago
On March 10, concerns about the solvency of USD Coin (USDC) led several holders to panic sell their holdings and switch to other stablecoins. One user lost over 2 million USDC in a failed attempt to exchange them for Tether (USDT) using KyberSwap's d...
Cryptocoins News / Blockchain - 1 year ago
The Bank of England has ordered the Silicon Valley Bank's UK branch to halt its operations as it has limited presence and no critical functions supporting the financial system. The bank will be placed into a Bank Insolvency Procedure, and eligible de...
Cryptocoins News / Blockchain - 1 year ago
The decisions made by the Federal Reserve and the Federal Deposit Insurance Corporation regarding the future of Silicon Valley Bank (SVB) may have significant consequences for regional banks across the United States. Former Bridgewater executive Bob...
Cryptocoins News / Blockchain - 1 year ago
The death of the Terra ecosystem triggered a bear market in 2022, causing losses in billions, affecting investor sentiment, and intensifying the regulatory spotlight over cryptocurrencies. Recently, Circle's disclosure that Silicon Valley Bank (SVB)...
Cryptocoins News / Blockchain - 1 year ago
Billionaire hedge fund manager Bill Ackman has warned the US government that failing to guarantee all deposits held by Silicon Valley Bank (SVB) within 48 hours could result in the destruction of several financial institutions. Ackman argued that a "...
Cryptocoins News / Blockchain - 1 year ago
Over 125 venture capitalists and investors, including Sequoia Capital and General Catalyst, have pledged their support for Silicon Valley Bank (SVB) as the 40-year-old banking institution winds down its operations. The investors signed a statement in...
Cryptocoins News / Blockchain - 1 year ago
The South Korean government has invested 24 billion Korean won ($18.1 million) in a fund dedicated to driving metaverse initiatives in the country, with a total fund of more than 40 billion Korean won ($30.2 million). The Metaverse Fund will support...
Cryptocoins News / Blockchain - 1 year ago
United States Treasury Secretary Janet Yellen is working with regulators to address the collapse of Silicon Valley Bank (SVB), one of the top 20 largest banks in the US. Yellen has stated that they are focused on protecting depositors, particularly s...
Cryptocoins News / The Cointelegraph - 1 year ago
Coinbase CEO Brian Armstrong says the exchange has previously considered adding features to become a neobank. The broader cryptocurrency community continues to debate...
Cryptocoins News / The Cointelegraph - 1 year ago
Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to native cryptocurrencies such as Bitcoin. T...
Cryptocoins News / Finance Magnates - 1 year ago
<p>Signature Bank became the third US bank institution to collapse in the span of four days. Similar to the now-collapsed Silvergate Bank, it also had a large corporate customer base from the cryptocurrency industry. The other one, <a href=&...
Cryptocoins News / The Cointelegraph - 1 year ago
NFT rarity is the uniqueness and scarcity of a nonfungible token, calculated using factors, such as distinguishing features and demand. An NFT’s rarity plays a role i...
Cryptocoins News / The Cointelegraph - 1 year ago
Mining a valid BTC block solo is so rare that the event has occurred only 270 times out of the 700,000 blocks produced in the last 13 years. A solo Bitcoin miner has m...
Cryptocoins News / The Cointelegraph - 1 year ago
Banking giant HSBC announced that it is acquiring Silicon Valley Bank UK for one pound ($1.21). Global banking giant HSBC is coming to rescue the United Kingdom-based...
Cryptocoins News / The Cointelegraph - 1 year ago
Court cases involving the SEC and some major crypto industry enterprises — Voyager Digital, Alameda Research and Binance.US — have continued to progress in 2023. After...
Cryptocoins News / The Cointelegraph - 1 year ago
Nissan has recently filed four new Web3 trademarks for its Infiniti, Nismo and Nissan brands. Japanese automotive brand Nissan becomes the latest car manufacturer to...
Cryptocoins News / Finance Magnates - 1 year ago
<p>The United States witnessed the largest bank collapse last weekend since the 2008 financial crisis. Silicon Vally Bank (SVB) has gone under the Federal Deposit Insurance Corporation (<a href="https://www.financemagnates.com/cryptocur...
Cryptocoins News / The Cointelegraph - 1 year ago
The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm. Cry...
Cryptocoins News / The Cointelegraph - 1 year ago
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Cryptocoins News / The Cointelegraph - 1 year ago
US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable."...
Cryptocoins News / The Cointelegraph - 1 year ago
United States President Joe Biden said on Twitter that he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”...
Cryptocoins News / The Cointelegraph - 1 year ago
Cybersecurity firm Imperva found a vulnerability that could be used to leak user information such as email addresses and phone numbers, which has now been patched. Non...
Cryptocoins News / CoinJournal - 1 year ago
Key takeaways Crypto-friendly bank Signature Bank has been shut down by New York Banking authorities.& The Federal Reserve said the decision was made to protect the US economy and strengthen public confidence in the banking system. Signatu...
Cryptocoins News / The Cointelegraph - 1 year ago
Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg....
Cryptocoins News / The Cointelegraph - 1 year ago
In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations. Ripple CEO Brad Garlinghouse took to Twitter on Marc...
