2023 is proving to be a pivotal year for the crypto space, with many events converging to determine its future trends and adoption in the short term. While there are many variables at play, here are three key factors that will shape the cryptocurrency market throughout 2023.
Cryptocurrency exchange Binance announced on March 17 that it has replaced Binance USD Holds its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether
Ethereum co-founder Vitalik Buterin emphasized the importance of having various "guardians" to maximize the security of self-custody of crypto assets through multisig and social recovery wallets.
Recent turmoil in traditional banking, culminating in USDC, Credit ratings agency Moody’s Investors Service believes that losing the peg could negatively impact stablecoin adoption and could increase calls for regulation.
Debtors in the FTX bankruptcy case reported that various corporate silos have more than $4 billion in scheduled assets as of November 2022, but said they are still investigating the company’s crypto holdings.
Next-generation securities and asset tokenization is hampered by a lack of infrastructure and regulatory standards around the world, according to BlackRock's Larry Fink.
Web3 wallet app MetaMask has introduced a number of new features designed to enhance privacy and give users more control, according to a March 14 blog post from the developer.
Due to concerns raised by FTX liquidators, the Stargate Foundation has advised its Decentralized Autonomous Organization (DAO) against reissuing Stargate’s native Stargate Finance (STG) token.
According to the statistics of Watchers, a Web3 analysis platform, there are a total of 314.167 million USDC, Sent by its issuer, Circle, to an empty Ethereum address with header 0x00 on March 13.
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 .
