HSBC Holdings – the largest banking institution in the United Kingdom – will reportedly purchase Silicon Valley Bank UK Limited (SVB UK) for £1 ($1.20). Silicon Valley Bank made the headlines last wee...
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Bill Ackman says U.S. did right thing in protecting SVB depositors
A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Billionaire investor Bill Ackman said the U.S. government’s actio...
Decoding USDC’s current status after an initial fall of 13%
USDC is gradually regaining its $1 peg after the Circle CEO confirmed that its reserves are secure and that the company has new banking partners. Allaire lauded the efforts of the U.S. government and ...
SVB was only a little bit insolvent, luckily
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. It will be an interesting day in markets today...
IMF had Warned G-20 That Widespread Crypto Use Would Impact Banks
“A widespread proliferation of crypto assets comes with substantial risks to the effectiveness of monetary policy, exchange rate management, and capital flow management measures, as well as to f...
Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap
Crypto giant Binance says it’s converting $1 billion of its dollar-pegged stablecoin BUSD into Bitcoin, Binance Coin and Ethereum. Binance CEO Changpeng Zhao says this represents the remainder of the ...
Bloxmith Launches Raiders Rumble Mobile Strategy Game on the Flow Blockchain
[PR – Taipei, Taiwan, 13th March, 2023, Chainwire] Bloxmith, the player-first Web3 gaming studio, today announced that the open beta for Raiders Rumble, its unique 1v1 squad battler game for mobile po...
Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward
A solo Bitcoin miner has managed to solve/mine the 780,112th block in the Bitcoin blockchain and received a 6.5 Bitcoin (BTC) block reward in return. The estimated value of the payout is over $150,000...
Biden Administration Bails Out Failing Banks, Vows To Hold All Responsible
In a shocking turn of events, two major U.S. banks, Silicon Valley Bank and Signature Bank, have collapsed. The Federal Reserve quickly took action, and United States President Joe Biden announced tha...
Bitcoin rallies amid US watchdogs’ intervention in bank crisis
Bitcoin (BTC) is recovering after a plunge amid the troubles at Silicon Valley Bank and Silvergate that caused investor panic. As US regulators announced support to help customers recover lost funds, ...
Have Crypto Markets Risen Above the Bearish Captivity? Here’s What to Expect This Week
Bitcoin’s price suffered a massive crash due to the collapse of a US bank in just a couple of days and displayed its strength and self-assurance to maintain a healthy upswing. However, it has also to ...
Get Free Money With Exclusive Stake.com Promo
It is easy to see how Stake.com burst onto the igaming scene with great success. The welcome bonus offer includes a 200% deposit match bonus plus 10% rakeback when using the exclusive Stake.com promo ...
Binance Coverts its $1B Recovery Fund into BTC, ETH and…
After crypto exchange FTX collapsed in November, Binance established the “Industry Recovery Initiative”, which contains $1 billion in BUSD. Binance CEO Changpeng Zhao announced that the funds will now...
ETH Hikes Over 9% Ahead Of Goerli Testnet As Crypto Market Cap Breaches Trillion Mark
Ethereum Price Today: The market is trading in green as Bitcoin and other Altcoins are seeing a jump today despite the collapse of two major crypto-related banks last week. As of writing, Bitcoin pric...
Conflux (CFX) price is making a spectacular recovery
Conflux (CFX/USD) price rose for the second straight day as cryptocurrencies bounced back. It jumped to a high of $0.2093, which was about 47% above the lowest level last week. According to Binance, C...
JPMorgan Among Big Banks Bids To Acquire SVB, But There’s A Catch
SVB Financial Group, the parent of Silicon Valley Bank, is under acquisition talks after the failure of the Silicon Valley Bank caused chaos in the global market and stablecoins to depeg. Big banks ar...
Silicon Valley Bank UK arm acquired by HSBC for one pound
Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition. HSBC officially announced on March 13 that its subsi...
602M Shiba Inu Burned in a Day As Newly Launched Token Burns 592M SHIB
Over 602.60 million Shiba Inu (SHIB) burned in the past 24 hours, 591.92 million in one significant transaction. The Shiba Inu Community has made an impressive move by collectively sending an astoundi...
Costly Mistake: Here’s How a USDC Investor Lost 2 Million in a Race Against Time
The collapse of Silicon Valley Bank (SVB) on March 10 has caused ripples in the crypto industry, leaving many investors anxious about the exposure of major players like Circle, the issuer of the popul...
Breaking: HSBC Buys Out Troubled Silicon Valley Bank UK
Crypto News: In the latest turns of events, the United Kingdom (UK) government announced that HSBC holdings acquired the British subsidiary of the Silicon Valley Bank. This move comes after the United...
HSBC Subsidiary to Acquire Silicon Valley Bank’s U.K. Unit for 1 Pound
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Binance Converts Industry Recover Funds Into BTC, BNB & ETH
Binance has converted the remainder of its $1 billion in industry recovery funds to other assets. The converted assets include Bitcoin, Binance Coin, and Ethereum. Binance CEO Changpeng Zhao has annou...
Bitcoin Cash outperformed Litecoin and Ethereum Classic in this category
Bitcoin Cash ranks higher in decentralization than Litecoin and Ethereum Classic. BCH whales have been reaccumulating during the recent crash. Bitcoin Cash [BCH] has been overshadowed by its more popu...
Circle CEO Assures 100% Safety of USDC Reserves, Transfer Resumes
Jeremy Allaire tweeted that the company’s 100% USDC reserves are safe, in reference to the SVB collapse. Circle’s CEO assured that the company would transfer the remaining SVB cash to BNY Mellon. He a...
XRP Ledger Was First To Support Stablecoins: Former Ripple Director
Hamilton’s statements come as dollar-pegged stablecoins have recently faced heightened uncertainty. Former Ripple Director Matt Hamilton has asserted that the XRP Ledger (XRPL) was the first blockchai...
Goldman Analysts Forecast No Fed Rate Hike In March
Topline Analysts at Goldman Sachs on Sunday said it “no longer expects” the Federal Reserve to hike interest rates later this month, after federal regulators moved to swiftly shield the U.S. banking s...
Black Panther, Fisher-Price Vets Team Up For ‘Judge Kim’ Book Series
Judge Kim and the Kid’s Court series features a diverse case of characters who also learn how the … [+] legal system works. Chris Jordan / Simon & Schuster New children’s graphic novel...
Regulators take control of Signature Bank
Ad Signature Bank — a New York-based lender focused on servicing companies in the crypto industry — has shut down. The New York State Department of Financial Services closed the bank on Sunday, appoin...
Cardano (ADA) Price Approaches a Crucial Stage-Is a Breakout Imminent?
Cardano is quietly working to strengthen its platform with fresh upgrades that may help improve the decentralization of the project. Recently, the platform achieved a milestone of its first wrapped BT...
Former Congressman Barney Frank Comments on Failure of Banking Giants
Barney Frank commented that cryptocurrency is an entity that regulators failed to reckon with in 2008. The former congressman’s comment was rooted in the recent failures of the commercial banking gian...