Markets
US authorities ready to take 'substantial action' to curb spread of SVB
U.S. authorities are working over the weekend to take "substantial action" after Silicon Valley Bank's sudden collapse on March 10 to limit knock-on effects across the nation's banking system.Barry StidhamSignature Bank closed by New York banking authorities
New York-based Signature Bank, another crypto-friendly bank, has officially closed and been taken over by the New York Department of Financial Services (NYDFS).Sherry CantwellFed announces $25B in funding to support banks
Following the failure of several U.S. banks, the U.S. Federal Reserve announced $25 billion worth of funding aimed at supporting banks and other depository companies.Jerry McNeillMt. Gox creditors have until March 10 to register and choose a repayment method
Creditors from Mt. Gox have until the end of the week to sign up and choose a repayment option as part of a plan to have their losses covered by the defunct cryptocurrency exchange.Cornell RachelBitcoin Thought Leaders Weigh the Pros and Cons of Ordinal Numbers
Ordinal numbers will stay here. Ordinal numbers, or the ability to permanently tokenize bitcoins, Blockchains with data, usually in image or JPEG format, are a contentious topic among some members of the BitcoinWayne IngramWhopping $56M Transferred from Defunct Exchange Following Executive Departures
A defunct exchange based in Hong Kong has recently come under scrutiny for its suspicious movementWayne IngramBitcoin ETF Hype Hits Roadblocks: Stalled by Intensive Due Diligence
The adoption of spot Bitcoin exchange-traded funds (ETFs) is encountering a slowdown,James DeanCelo Foundation and Google Cloud partner to support sustainable Web3 startups
The Celo Foundation has partnered with Google Cloud to support mission-aligned projects in the Celo blockchain ecosystem and drive early adoption of Google Cloud services.Jerry McNeillPaxful shuts down, CEO blames staff for departure, regulatory challenges
Peer-to-peer cryptocurrency marketplace Paxful announced the suspension of operations on April 4.Sherry CantwellTelegram Nears Profitability, Considers IPO, Founder Durov Reveals
Pavel Durov, co-founder of Telegram, recently broke his silence in his first interview since 2017,Cornell RachelCathie Wood Sets BTC Price Target 'Well Above' $1M
According to the CEO of asset management firm ARK Invest, Cathie WoodJerry McNeillFTX Lawyers and Advisors Raise $34M in January
Law firms, investment banks and consulting firms that worked with FTX on its bankruptcy case charged the cryptocurrency exchange $34.18 million in fees in January, according to court documents.Christopher SmithGemini's banking relationship with JPMorgan 'intact'
Cryptocurrency exchange Gemini took to Twitter on March 8 to deny rumors that it was terminating its banking relationship with U.S. financial conglomerate JPMorgan Chase & Co. Gemini said in a short,Barry StidhamMarathon Digital terminates credit facilities with Silvergate Bank
Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facility with Silvergate Bank, just as the crypto-friendly bank announced it was winding down operations.James DeanNvidia Offices Raided in French Antitrust Probe
Nvidia, the California-based AI chip production giant, reportedly experienced a police raid at its French offices this week as part of a broader investigation by France's antitrust agency into the cloud computing sector.Christopher SmithSamsung employees banned from using ChatGPT-like AI tools
Samsung is the latest entity to take a stand against emerging generative artificial intelligence (AI) tools as they rapidly infiltrate major industries around the world.Barry StidhamBlockchain Founders Fund Raises $75M to Encourage Mass Web3 Adoption
Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the completion of a $75 million round of financing.Barry StidhamWorldcoin to End USDC Payments to Orb Operators in November
Worldcoin, the cryptocurrency project known for its plan to distribute tokens by scanning people's irises, has announced a transition away from using USD CoinChristopher SmithChinese Digital Yuan Makes Historic Debut in Cross-Border Oil Settlement
The Shanghai Petroleum and Natural Gas Exchange (SHPGX) recently unveiled that it executed its first-ever oil transaction settlement using China's central bankBarry StidhamBlackRock's Spot Bitcoin ETF Joins Nasdaq Trade Clearing
The iShares Spot Bitcoin exchange-traded fund (ETF) proposed by investment giant BlackRock has reached a significant milestoneJames Dean
