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.
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.
According to a forum post by MakerDAO, the issuer of the U.S. dollar-pegged Dai (DAI) stablecoin, the firm requested “urgent implementation of proposals to mitigate risks to the protocol” on March 11.
According to Aavegotchi, the game-earning non-fungible token (NFT) protocol, the entity closed the bonding curve defining the exchange rate between its Aavegotchi (GHST) token and Da on March 11
Prominent blockchain venture capitalists (VCs) held assets worth more than $6 billion in the now-defunct financial entity, according to a report that began circulating on March 11 following the collapse of Silicon Valley Bank (SVB).
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.
Lending protocol Aave has frozen stablecoin transactions and set loan-to-value ratio (LTV) to zero in response to recent price volatility of stablecoins after USDC, Decoupling on March 11.
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.
