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Feds Close Down Signature Bank; Depositors of Signature and Silicon Valley Banks Will Be Refunded
The message reassured jittery investors that despite the bankruptcy of multiple banks, the U.S. "banking system is robust."
All Silicon Valley Bank depositors will have access to their…
The USDC falls to a record low as investors withdraw funds from the stablecoin
USDC has been smashed with a damaging wave after news of the bankruptcy of Silicon Valley Bank on March 11. The stablecoin issuer Circle said it deposited $3.3 billion with the collapsed…
South Korea establishes the ‘Metaverse Fund’ to boost local efforts
With the assistance of the Metaverse Fund, South Korea will encourage the mergers and acquisitions of different enterprises inside the ecosystem of the metaverse.
South Korea doubled…
The SEC Files a Lawsuit Against BKCoin and Its Founder Implicating a $100 Million Fraud
Many crypto investors have lost money to frauds such as BKCoin. According to the report, the DeFi business lost a staggering $678 million to hackers in the second quarter of 2022, proving…
Failure of Silicon Valley Bank might spark a run on U.S. regional banks
A petition encouraging authorities to intervene says that over 40,000 Silicon Valley Bank customers are small enterprises.
Former Bridgewater executive and current CEO of investment firm…
Circle states that $3,3 billion in USDC reserves are held at Silicon Valley Bank
After remaining relatively quiet on Friday, Circle disclosed that it had $3.3 billion in exposure to Silicon Valley Bank, which failed earlier that day and was put under FDIC receivership.
…
Brave Browser Now Allows Users to Trade Crypto Inside Wallet
The privacy-focused browser aims to promote crypto self-custody by including an option inside its wallet.
The privacy-focused web browser Brave recently announced the launch of a new…
US Department of Justice challenges $1 billion Binance.US purchase of Voyager assets
The United States Department of Justice filed an appeal against Binance.US' purchase of Voyager's assets for one billion dollars about one day after the transaction was allowed by the…
Ethereum Price Slides and Indicates a Further Fall
Against the U.S. dollar, the price of Ethereum has decreased by more than 8 percent and is now trading below $1,450. In the immediate future, ETH is vulnerable to a greater slide toward…
Hedera blockchain is experiencing technical issues, according to the HBAR Foundation
The HBAR Foundation, the non-profit organization behind the Hedera blockchain, noted inconsistencies.
According to the HBAR Foundation, The Hedera blockchain is affected by network…