The Bank of England has ordered a suspension on all activities of the UK branch of the embattled financial institution Silicon Valley Bank. According to the premier financial institution, the bank lac...
News
From Shanghai to Mumbai, Tech Chiefs Race to Contain SVB Fallout
(Bloomberg) — Asia’s tech leaders, half a world away from the chaos that’s engulfed Silicon Valley, are scrambling to assess the potential ramifications for an industry that’s always relied heav...
10 Biggest & Most Valuable Companies in the World
The world’s biggest companies by revenue represent relatively new, faster-growth industries and mature, slower-growth ones ranging from e-commerce and tech devices to oil and retailing. No matte...
Circle Burns Nearly $650M, Recovers From Unprecedented Crash
USDC price dropped significantly following the fall of Silicon Valley Bank (SIVB). The USDC stablecoin had a $3.3 billion exposure to the collapsed bank. Circle engaged in a series of burns and mintin...
Over 100 VCs, investors voice solidarity with Silicon Valley Bank
As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operation, numerous venture capitalists and investors joined hands and decided to cushion the impact in case the bank “wer...
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation – Mining Bitcoin News
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish ...
The Graph sees an uptrend in delegations; reasons aren’t very surprising
The dominance of delegations on the Graph network has not waned. GRT price, on the other hand, was tending toward the oversold zone, at press time. The Graph [GRT] is a decentralized protocol that all...
Here’s Why Ethereum Is Not a Security, According to Crypto Think Tank Coin Center
Crypto advocacy group Coin Center spelling out why it believes Ethereum (ETH) is not a security, despite claims to the contrary coming from New York Attorney General (NYAG) Letitia James. In a new law...
USDC Back on Track as Circle Announces Corporate Resources Backing
23 seconds ago | 2 mins read Altcoin News Circle has pledged to back its stablecoin with corporate resources if required. The stablecoin is gradually recovering to trade at $0.95 at the time of writin...
BTC & ETH Funding Rates Hit 4 & 6-Month All-Time Lows, Reports Crypto Analyst
Bitcoin and Ethereum funding rates hit 4 and 6-month lows respectively. Shift from USDC to BTC led to a significant BTC premium on Coinbase. Bitcoin rebounds above $20,000 despite market volatility an...
Top Crypto Trader Issues Bitcoin Warning, Says BTC Flashing Vibes of March 2020 Meltdown
A closely followed crypto trader is issuing an alert to Bitcoin (BTC) holders, saying that the king crypto’s current market structure looks similar to its price action prior to a deep plunge about thr...
Mark Cuban urges Fed to buy Silicon Valley Bank debt ‘immediately,’ says it’s ‘not the wealthy taking the hit’
Mark Cuban wants the Fed to buy Silicon Valley Bank’s debt, pronto. Not doing so, he believes, will shake confidence in the financial sector—and hurt tech startups and their employees. On Friday, the ...
TRON Founder Asserts the Need for a Robust Banking Infrastructure
H.E. Justin Sun tweeted about the potential harm prevalent in the financial sector, referring to the SVB fall. The TRON founder added that it is necessary to build a reliable bank. He added that he wo...
Indian Student Committed Suicide After Becoming a Victim to a Bitcoin Scam (Report)
A second-year B.Com student from the Indian city Lucknow reportedly hanged himself after losing a bitcoin investment worth ₹3.5 lahks ($4,200). The local police assured they will investigate the tragi...
Nigerian Central Bank Unveils Open Banking Guidelines – Africa Bitcoin News
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the cen...
MakerDAO [MKR] reacts to Stablecoin contagion with this proposal
MakerDAO reveals an emergency proposal to reinforce its platform against stablecoin risks. USDC de-pegging inadvertently triggers demand for MKR. MakerDAO is making moves aimed at protecting against e...
the week’s most important news- The Cryptonomist
An interesting week also regarding the Twitter crypto community. An in-depth look at all the most important news from the last few days. News: Twitter’s crypto community regarding Paul Krugman. The cr...
Best GPUs for Crypto Mining in 2023
Cryptocurrency mining has become a popular way for individuals to earn passive income by using their computing power to solve complex mathematical equations to verify transactions on a blockchain. In ...
Italy and crypto regulation over marketing
Crypto regulation in terms of influencer marketing Steph Curry, Tom Brady, and Kim Kardashian are just some of the celebrities who have recently advertised crypto, NFT, or exchanges on their social pr...
Crypto Horoscope from 13 to 19 March
New week and new crypto horoscope dedicated to the week from 13 to 19 March. This week will be characterized by the following transits: Venus enters Taurus from Thursday 16 March; Mercury in Aries fro...
Silicon Valley Bank exec was Lehman Brothers CFO prior to 2008 collapse
Silicon Valley Bank (SVB) executive, Jospeph Gentile, was a former executive of the Lehman Brothers’ Global Investment Bank prior to the bank’s public collapse in 2008. Prior to joining SV...
Fix mistake in ‘48 hours’ or face ‘destruction’
Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank’s (SVB)’s deposits within the next “48 hours,” or it risks the “destruction” of many f...
SEC Files Complaint Against BKCoin And Co-Founder For Alleged $100 Million Scam
Many crypto investors have lost their funds in scams such as BKCoin. For instance, Bitcoinist reported that the DeFi sector recorded a whopping $678 million to hackers in the second quarter of 2022, c...
Government has 48 hours to fix ‘irreversible mistake’
Billionaire investor Bill Ackman wrote a lengthy analysis of the Silicon Valley Bank failure on Saturday, arguing that the U.S. government needs to protect all of the bank’s depositors. The fina...
Silicon Valley Bank CEO Greg Becker cashed out $2 million just before the collapse
The chief executive of Silicon Valley Bank SIVB, -60.41% cashed out stock and options for a $2.27 million net gain in the weeks before Friday’s collapse, public filings show. CEO Greg Becker exercised...
Trade Fee On Uniswap Stands At 140 $ETH, Tweets Crypto Analysis Firm
Uniswap’s $ETH fees for each trade were $140 according to IncomeSharks tweet. Maverick Protocol launched its decentralized exchange with a unique AMM engine for better revenue. Maverick’s dynamic AMM ...
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin – Bitcoin News
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digi...
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the millions, damaging investor sentiment and intensifying the regula...
USDC Holder Forks Over $2 Million For $0.05 USDT In Desperate Move To Evade Crypto Crash
Every crypto investor’s nightmare starts when a sudden change in the industry leads to panic and massive selloffs. The effect of these two occurrences usually leads to uncontrollable price dips and de...
Marquette’s Tyler Kolek Wins Big East Tournament MVP Award, Profits From Preseason Comment
Marquette’s Tyler Kolek, center, the tournament’s most outstanding player, celebrates with his … [+] teammates after winning an NCAA college basketball game against Xavier for the ch...