Cryptocoins News / Blockchain - 2 years ago
First Citizens Bank will acquire all deposits and loans of Silicon Valley Bank after its collapse following rumors of a liquidity crisis. The FDIC has approved the purchase and assumption agreement, and Silicon Valley Bank depositors will become depo...
Cryptocoins News / Blockchain - 2 years ago
Kokomo Finance, an open-source and noncustodial lending protocol on Optimism, is suspected of an exit scam worth $4 million. The protocol allegedly plucked user funds via a smart contract loophole, causing the Kokomo Finance token to plummet 95% in v...
Cryptocoins News / Blockchain - 2 years ago
Chinese state-owned banks in Hong Kong are offering banking services to crypto firms ahead of a new licensing regime for crypto exchanges in June. Despite an ongoing crypto ban in China, representatives from Chinese banks have reportedly approached c...
Cryptocoins News / Blockchain - 2 years ago
South Korean authorities are making a renewed push to detain Terra co-founder Shin Hyun-Seong, also known as Daniel Shin, after the arrest of co-founder Do Kwon. Shin is suspected of involvement in promoting unstable investment opportunities with Ter...
Cryptocoins News / Blockchain - 2 years ago
Despite a challenging year for the crypto industry in 2022, VC investment in European crypto startups reached an all-time high of $5.7 billion, with decentralized finance startups seeing a 120% increase in investments. Europe is also home to the high...
Cryptocoins News / Blockchain - 2 years ago
Cryptocurrency exchange Binance has opened a blockchain hub in Georgia to promote crypto adoption in the country, create more jobs and attract talent to the blockchain sector. (Read More)
Cryptocoins News / Blockchain - 2 years ago
MicroStrategy has acquired 6,455 Bitcoin for $150 million and repaid its $205 million loan to Silvergate at a 22% discount, according to a filing with the US SEC. The company now holds a total of 138,955 BTC, bought for $4.1 billion at an average pri...
Cryptocoins News / Blockchain - 2 years ago
Animoca Brands denied reports of scaling back its metaverse fund target by $200 million and a decrease in valuation from $6 billion to $2 billion. The firm acknowledged the impact of banking collapses but stressed that fundraising is still ongoing. (...
Cryptocoins News / Blockchain - 2 years ago
NFT collector Brandon Riley accidentally sent a CryptoPunk to a burn address while attempting to borrow money against the asset. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Sony Interactive Entertainment has filed a patent for an NFT framework allowing users to transfer and utilize digital assets across multiple game platforms. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Hackers dropped a phishing link on Arbitrum's official Discord server, prompting users to enter personal information. The link misspelled the name of the platform as "Arbtirum." Investors are advised to be cautious of unrealistic claims and deception...
Cryptocoins News / Blockchain - 2 years ago
Venezuela has closed down crypto mining facilities as part of a national crypto department reorganization and corruption investigation into the country's oil company, PDVSA. (Read More)
Cryptocoins News / Blockchain - 2 years ago
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, including 51,000 ETH and 7,737 ETH, worth a total of over $101 million at the time of writing. The hacker still controls some...
Cryptocoins News / Blockchain - 2 years ago
US authorities are considering expanding an emergency credit line for banks to provide First Republic Bank with a time buffer to address balance sheet concerns, according to Bloomberg sources. The bank is deemed stable enough to operate without immed...
Cryptocoins News / Blockchain - 2 years ago
Venture capitalist Tim Draper advises business founders to diversify their cash holdings by keeping at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, along with other recommendations, in response to the uncertainty creat...
Cryptocoins News / Blockchain - 2 years ago
Japanese tech giant Fujitsu has filed a trademark application for a new branding that aims to offer financial services, including cryptocurrency brokerage services, to customers. Fujitsu has been showing growing interest in Web3 technology and launch...
Cryptocoins News / Blockchain - 2 years ago
Terraform Labs co-founder Do Kwon will appeal the Montenegrin court’s decision to extend his detention time for up to 30 days. Kwon was caught using fake documents at the airport and was detained due to the high possibility of escape. (Read More)
Cryptocoins News / Blockchain - 2 years ago
MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Deutsche WertpapierService Bank (Dwpbank) is launching wpNex, a platform that will offer Bitcoin to its affiliates’ retail customers without requiring additional Know Your Customer procedures. The platform will also include other cryptocurrencies, di...
Cryptocoins News / Blockchain - 2 years ago
Mastercard has partnered with Stables to allow retail customers in the Asia-Pacific region to spend and save USDC through its network. Meanwhile, worldwide banking turmoil has not slowed the blending of traditional and decentralized finance (DeFi)....
Cryptocoins News / Blockchain - 2 years ago
Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 bill...
Cryptocoins News / Blockchain - 2 years ago
The U.S. SEC has issued a Wells notice to Coinbase. As a result, Coinbase warns that the U.S. government’s regulatory approach to crypto has created an uncertain and unstable environment. Meanwhile, other countries, such as France, the U.K., and the...
Cryptocoins News / Blockchain - 2 years ago
Venture capital firm Animoca Brands denies claims of reducing its metaverse fund target by $200 million and a significant drop in its valuation, citing inaccurate reporting. The firm acknowledges the impact of banking collapses on fundraising but sta...
Cryptocoins News / Blockchain - 2 years ago
NFT collector accidentally sends a CryptoPunk NFT worth 77 ETH to a burn address, intending to borrow money against it to buy another NFT. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Sony Interactive Entertainment has filed a patent for a framework allowing users to transfer and use NFTs across multiple game platforms. (Read More)
