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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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
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.
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.
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.
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.
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.
