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.
U.S. Treasury Secretary Janet Yellen is reportedly working with regulators to resolve the Silicon Valley bank failure and protect investors, but isn't considering a massive bailout.
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.
Some Aave users who accidentally sent tokens to the wrong address may soon be able to get them back, according to the text of a proposal passed by the Aave decentralized autonomous organization (DAO) on March 10.
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.
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.
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.
