Industry
FDIC bid for Silicon Valley Bank underway
The Federal Deposit Insurance Corporation (FIDC) kicked off the auction process for Silicon Valley Bank on the evening of March 11, Bloomberg reported, citing unnamed sources.Seth RowdenUK regulators 'in lockstep' on plan for tech firms hit by SVB collapse
The U.K. is implementing a plan to rescue start-ups and tech firms hit by the collapse of a Silicon Valley bank, according to multiple reports on March 12. The contingency plan will include a cash lifeline for several businesses.Seth RowdenSam Bankman-Fried's bail conditions still too loose, judge says
On March 10, Reuters reported that U.S. District Judge Lewis Kaplan expressed concern over the proposed bail conditions for former FTX founder Sam Bankman-Fried.Seth RowdenCrypto Whales Suffer Huge Losses as USDC depeg, SVB Crash
In response to the unusual decoupling of the U.S. Dollar Coin (USDC) stablecoin following the collapse of its counterparty Silicon Valley Bank (SVB),Seth RowdenUSDC Slowly repegs Unconfirmed SVB Resolution Report
Less than 72 hours after Silicon Valley Bank (SVB), a prominent U.S. tech bank, collapsed, rescue efforts may already be underway, according to a March 11 post by Unlimited Funds chief investment officer Bob Elliot.Seth RowdenFears of bankruptcy have led many to turn to other stablecoins, selling USDC at a deep discount
Since March 10, some U.S. dollar coin (USDC) holders have fled to other stablecoins amid concerns over its solvency after it was revealed that a small portion of USDC’s collateral was held by Silicon Valley Bank.Seth RowdenFilling Show BlockFi Uninsured $227M in SVB Fund
Defunct cryptocurrency lender BlockFi allocated $227 million worth of uninsured funds to money market mutual funds (MMMFs) offered by struggling Silicon Valley Bank (SVB), according to a new bankruptcy filing.Seth RowdenSEC charges BKCoin and its co-founders with a $100 million crypto scam
The U.S. Securities and Exchange Commission (SEC) has filed an emergency lawsuit against Miami-based financial advisory firm BKCoin Management LLC and its co-founder Kevin Kang, alleging they defrauded investors of $100 million through a fraudulent encryption scheme.Herman HayesDOJ Appeals Judge's Approval of Voyager's $1 Billion Asset Sale to Binance.US
The U.S. Department of Justice (DOJ) has filed an appeal to review a New York judge’s decision to approve the $1 billion sale of assets from bankrupt cryptocurrency lender Voyager to a subsidiary of U.S. cryptocurrency exchange Binance.Herman HayesSenator Warren Calls for 'Fake Audit' While SVB Threatens Crypto Bankruptcy
Despite the U.S. Securities and Exchange Commission’s (SEC) recent crackdown on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services are here to stay and “may actually increase.”Herman HayesCoinbase Reaffirms Staking Services Will Continue Despite SEC Crackdown
The U.S. Securities and Exchange Commission (SEC) has filed an emergency lawsuit against Miami-based financial advisory firm BKCoin Management LLC and its co-founder Kevin KangHerman HayesDespegar becomes the first travel agency in Latin America to accept cryptocurrency payments
One of Latin America’s leading travel agencies Despegar has partnered with Binance Pay and Inswitch to enable customers to pay for travel packages using cryptocurrencies.Seth RowdenConsumer Confidence in Crypto Remains Strong Despite Turmoil in 2022
After a series of high-profile crashes and the ensuing regulatory rush, if you thought the crypto saga hit a roadblock, you wouldn't be wrong. However, a new survey by Paxos, a New York-based blockchain technology company, sheds new light on this story.Seth RowdenJim Cramer advises people to buy Silicon Valley Bank stock a month before collapse
The host of CNBC's Mad Money is regularly grilled on social media for advising people to invest in unprofitable assets and vice versa. His latest example is the notorious Silicon Valley Bank, which fell victim to a bank run and ultimately collapsed on Friday.Seth RowdenBitcoin Fear and Greed Index Drops to 2-Month Low
The cryptocurrency industry suffered a string of failures last year, when many internal companies and projects collapsed, leading to price drops, numerous bankruptcy filings, and, as expected, massive investor losses.Seth RowdenBTC's rollercoaster ride continues around $20K as USDC drops to $0.9
Bitcoin's woes continued as the asset plunged to a fresh two-month low of $19,500 yesterday before rebounding sharply.Seth RowdenWomen in Web3 discuss challenges within the industry
The world of Web3 opens up new opportunities for individuals to participate in a more open and transparent Internet and create wealth.Herman HayesBinance NFT Announces Integration with Polygon Network
Cryptocurrency exchange Binance’s non-fungible token offshoot Binance NFT has announced the addition of support for the Polygon network on March 8.Herman HayesNansen launches data platform for cryptocurrency investors and projects
Blockchain analytics platform Nansen has announced the launch of Nansen Query, a new solution designed to provide comprehensive data solutions for crypto-focused teams and projects.Herman HayesMixed Signals for Crypto in Thailand Despite Tax Breaks
On Feb. 7, Reuters reported that Thailand’s finance ministry will exempt companies investing in initial coin offerings (ICOs) from corporate income tax and value-added tax.Herman Hayes
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