Industry
DAO Maker Founder Built Game Based on Abandoned Logan Paul Project in Just 30 Days
Degen Zoo, an NFT game inspired by YouTuber Logan Paul's controversial Crypto Zoo concept, has more than 115,000 wallets signed up to join the game, with over $700 million pledged.Martha GrizzardSilicon Valley Bank Collapse: Everything That Happened So Far
The sudden collapse of Silicon Valley Bank (SVB) unfolded rapidly last week, decoupling from stablecoins, leading regulators in the U.S. and U.K.Wayne IngramNo one is leaving the bank crypto firms’ Crypto Twitter reacts
With the loss of two major crypto-friendly banks in less than a week, crypto companies may find it harder to reach traditional banking partners, according to some in the crypto community.Martha GrizzardRipple CEO Assures 'Sound Financials' Despite SVB Collapse
Ripple CEO Brad Garlinghouse took to Twitter on March 12 to discuss the company’s exposure to Silicon Valley Bank and reassure his followers of Ripple’s stability.Wayne IngramIndian student commits suicide after falling victim to bitcoin scam
A second-year B.Com student from the Indian city of Lucknow reportedly hanged himself after losing 3.5 lakh rupees ($4,200) worth of his bitcoin investments.Hallie GillFDIC 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.Craig GreenUK 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.Christopher SmithSam 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.Barry StidhamCrypto 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),Cornell RachelUSDC 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.Wayne IngramFears 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.Jerry McNeillFilling 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.Sherry CantwellSEC 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.Barry StidhamDOJ 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.Cornell RachelSenator 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.”Sherry CantwellCoinbase 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 KangJames DeanDespegar 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.Wayne IngramConsumer 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.Hallie GillJim 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.Jerry McNeillBitcoin 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.Sherry Cantwell
