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These 10 major companies disclosed exposure to collapsed Silicon Valley Bank
After the recent shutdown of Silicon Valley Bank (SVB) by the California Department of Financial Protection and Innovation, which has shaken the United States financial system, multiple large companie...
Binance converts $1B BUSD to Bitcoin, Ethereum, BNB
Binance CEO Changpeng Zhao (CZ) has confirmed that the exchange has converted the remaining $1 billion in its industry recovery fund to native crypto assets — including Bitcoin, Ethereum, and BNB. The...
XAU/USD forms a shooting star pattern
Gold (XAU/USD) price has done well in the past few days as investors move to the safe haven. It jumped to a high of $1,894, the highest level since February 3. It has risen by ~3.95% from the lowest l...
PancakeSwap still remains behind UNI for TVL
PancakeSwap failed to surpass Uniswap in terms of TVL (or total locked-in value), partly due to the US SEC’s ban on BUSD. PancakeSwap and the attempt to surpass Uniswap in TVL According to DefiLama’s ...
European stocks slip in early trade after U.S. bank bailout package
European stocks declined in early action on Monday, while U.S. stock futures were pointing higher after a turbulent weekend which saw another major bank collapse and a new rescue package get announced...
What To Expect In The Tightest Premier League Relegation Battle In A Decade
Philip Billing of AFC Bournemouth scores against Liverpool during the Premier League match at … [+] Vitality Stadium on March 11, 2023. (Photo by Luke Walker/Getty Images) Getty Images With twel...
Grayscale has a 70% chance of winning the case against SEC: Analyst
Bloomberg analyst Elliot Stein gave his insights on Grayscale’s lawsuit against the SEC. The analyst believes that a ruling in the case is likely in the first half of 2023. Elliot Stein, a senior liti...
Massachusetts Bettors Get A Rude Introduction To Shoddy MLS Injury Reports
A minor injury made Carles Gil a surprise omission from the New England Revolution starting lineup … [+] on Sunday night, in the first Revolution game since mobile sports betting launched in Mas...
China’s New Premier Shows Pro-Business Side And Vows To Support Private Economy
China’s Premier Li Qiang speaks during a press conference after the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing on March 13, 2023. GR...
Ripple v. SEC court case update as of March 13, 2023
The cryptocurrency community is looking forward to the summary judgment in the legal case between Ripple and the Securities Exchange Commission (SEC), with the verdict speculated to come in by the end...
EU Merchants Could Be Required to Accept Digital Euro, Ministers Told
Legal tender status “would imply a legal obligation for (certain) payees to accept payments in digital euro … thereby increasing its network effects, and potentially affecting its distribution,” said ...
The US Risks Losing Out on Leading the Web3 Revolution: Crypto Lawyer
Crypto lawyer said crypto suppression in the US could draw the country behind. Previously, Senator Brown blamed Silvergate Bank’s insolvency on crypto’s volatility. Silvergate took $13.3 billion in de...
Radiant Capital to soon transition from V1 to V2
Radiant Capital has announced that it is soon transitioning from V1 to V2, enabling the venture to onboard the next hundred million users to the DeFi market. Decentralized Finance is eyeing to make a ...
Three key takeaways from the Silicon Valley Bank collapse
The collapse of Silicon Valley Bank (SVB) threatened to prompt a wider financial crisis and the authorities had no choice but to roll out emergency measures, says the CEO of the financial advisory org...
Ethereum Whales Abruptly Move Over $357,000,000 in ETH As Crypto Markets Brace for New Week: On-Chain Data
Crypto whales were on the move over the weekend as several large transactions worth over $350 million were spotted on the Ethereum (ETH) network. First seen by blockchain-tracking service Whale Alert,...
The bankruptcy of Silicon Valley Bank
On Friday, the Silicon Valley Bank declared bankruptcy and was closed by federal authorities. We are talking about the biggest bank failure since the US crisis of 2008. This article will go into detai...
Regulators Shutter Signature Bank After SVB Collapse
In an effort to avoid the spread of the banking meltdown, authorities have announced the closure of another crypto-friendly bank – New York-based Signature Bank – dealing a severe blow to the crypto i...
Coinbase CEO ponders banking features after Silicon Valley Bank crisis
The wider cryptocurrency community continues to debate the ongoing fallout following the closure of three major American banks, with calls for neobank services for the industry on the cards. Silicon V...
Regulators Shutter Signature Bank Days After SVB Collapse $BTC
According to an announcement by the Federal Reserve, New York-based Signature Bank, which had several clients in the cryptocurrency space, was shut down by state regulators. Signature Bank Shut Down ...
How this user-owned talent network is disrupting the staffing industry
People • March 13, 2023, 5:00AM EDT Episode 22 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Freelance Labs Founder & CEO Adam Jackson. Listen belo...
Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’
The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC) to fall to as low as $0.87 from its $1 benchmark. Amid the ...
What is NFT rarity, and how to calculate it?
An NFT’s rarity plays a role in its perceived cultural and artistic significance. For example, an nonfungible token (NFT) that is the only one of its kind and possesses significant cultural or histori...
Shiba Inu (SHIB) Burn Rate up 2,400%, Here’s How Price Is Reacting
Godfrey Benjamin Shiba Inu burn rate might have been bolstered by newly launched Shibarium beta Shiba Inu (SHIB), the world’s second largest meme coin, is seeing a sustained uptrend in its burn ...
Binance Swaps $1 Billion Industry Recovery Funds to BTC, ETH and BNB
The Binance Industry Recovery Initiative wallet held 985,088,975.25 BUSD. Binance converted BUSD to USD through Uniswap at 05:31:47 UTC on March 13. With the failure of crypto-friendly institutions an...
Polkadot price rises 10%, Uniswap price consolidates, & Orbeon Protocol continues to pump past 1987% in presale
Polkadot’s price has seen solid gains since the start of 2023, and the Manta Network parachain has just been launched. Apple’s refusal to accept Uniswap’s new crypto wallet kept the price of UNI in ra...
Coinbase, Paxos, and Celsius Report Funds Tied up with Now-Shuttered Signature Bank
Several crypto firms have come forward to report their exposure to the now-shuttered Signature Bank, which was shut down by New York regulators on March 12 in conjunction with the United States Federa...