FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank…
Bitcoin
Bitcoin, Ethereum Technical Analysis: BTC Back Above $22,000 as Silicon Valley Bank Depositors Are Rescued
Bitcoin moved back above $22,000, as the U.S. Treasury moved to avert a regional banking…
Binance Launches Prepaid Card in Colombia
Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach…
FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games
The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn…
Bloxmith Launches Raiders Rumble, a Mobile Strategy Game for Both Web2 and Web3 Gamers, on the Flow Blockchain
PRESS RELEASE. Taipei, March 13, 2023 – Bloxmith, the player-first Web3 gaming studio, today announced…
Bank of Russia Registers Another Digital Asset Issuer
The Central Bank of Russia has added another entity to its register of authorized issuers…
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above…
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
On Sunday, the New York Department of Financial Services, or DFS, announced that it had…
Binance Trains Ukraine’s Cyberpolice and Security Service
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine….
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting…
Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow
The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank…
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon…
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However,…
Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its…
South African Rand Plunges to New 2023 Low Versus the US Dollar
Just a few weeks after tapping its best exchange rate versus the greenback in 2023,…