The U.S. subsidiary of cryptocurrency exchange OKX has not approached defunct U.S. tech bank Silicon Valley Bank (SVB), according to a March 13 tweet from Okcoin CEO Hong Fang.
Cryptocurrency investment products lost 10% of assets under management last week as institutional investors rushed to exit amid the latest wave of market volatility sparked by the collapse of Silvergate and Silicon Valley banks.
Lawyers representing bankrupt cryptocurrency lender BlockFi Inc. said that while the company has more than $200 million in exposure to Silicon Valley Bank,
Shares of bank stocks had a roller-coaster ride over the weekend and on March 13. Trading at dozens of regional U.S. banks has temporarily halted amid volatility and falling prices.
The U.S. Department of Justice is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin, which cost the Terra ecosystem $40 billion last May.
Binance is scrambling to find a new service partner to process GBP transfers on its trading platform after its current partner, Skrill Limited, announced that it will soon stop providing services to cryptocurrency exchanges.
The overnight collapse of two major traditional banks Silicon Valley Bank (SVB) and Signature Bank set off a chain of events that impacted millions of businesses, venture capitalists, and bottom-line investors.
According to a March 14 report by the International Business Times, the New York State Department of Financial Services (NYDFS) closed Signature Bank because of “failure to provide consistent and reliable data,”
On March 14, a class-action lawsuit was filed against the recently shuttered crypto-friendly New York-based Signature Bank and former CEO Joseph DePaolo, CFO Stephen Wyremski and COO Eric Howell for alleged fraud, Reuters reports .
The collapse of three major crypto-friendly banks Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank has caused the U.S. Dollar Coin (USDC) stablecoin to drop from its $1 peg to $0.87.
Ethereum-based non-custodial lending protocol Eurler finance faced flash loan attack on March 13, attackers managed to steal millions of Dai, USDC, Collateralized Ether (StETH) and Wrapped Bitcoin (WBTC).
Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network's privacy infrastructure that serves as an encryption layer for ethereum
The March 13 flash loan attack on Euler has gone viral, causing 11 different decentralized finance (DeFi) protocols to freeze or lose funds, according to their respective reports on Twitter.
Japanese car brand Nissan has become the latest automaker to step up its Web3 efforts filing four new Web3-related trademarks in the US while its Japanese subsidiary is experimenting with car sales in the metaverse.
Major tech firm Meta is removing its non-fungible token functionality from its social media platforms Facebook and Instagram about 10 months after they first launched.
The broader cryptocurrency community continues to debate the lingering fallout from the collapse of three major U.S. banks and calls for neobanking for the industry.
Circle revealed that Cross River Bank best known for its services to fintech and crypto companies such as Visa and Coinbase is now its new merchant banking partner to produce and exchange USDC.
