Cryptocoins News / Blockchain - 2 years ago
Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market...
Cryptocoins News / Blockchain - 2 years ago
The DoJ and SEC have started investigations into the sudden collapse of Silicon Valley Bank and the stock sales made by its financial officers leading up to its closure. The probes are in their early stages and may not result in charges or allegation...
Cryptocoins News / Blockchain - 2 years ago
Signature Bank is reportedly under investigation by both the Securities and Exchange Commission and the Department of Justice over concerns that the bank did not take adequate measures to detect potential money laundering by its clients. The bank was...
Cryptocoins News / Blockchain - 2 years ago
The latest version of AI chatbot GPT-4 has achieved high scores on high school and law school tests, including the LSAT and Uniform Bar Exam. GPT-4 also scored well on SAT and AP exams in various subjects. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Anchorage Digital has laid off 75 employees, citing regulatory uncertainty and market volatility. The crypto bank expressed confidence in the digital asset landscape but acknowledged headwinds for its business and the crypto industry. (Read More)
Cryptocoins News / Blockchain - 2 years ago
US officials request removal of a provision in Voyager Digital's bankruptcy plan, arguing it would impede government's regulatory powers; the provision prevents legal pursuit of those involved in the sale to Binance.US. (Read More)
Cryptocoins News / Blockchain - 2 years ago
India's SVC Bank faced panic due to a mixup with collapsing Silicon Valley Bank, as their acronyms' similarity caused confusion among Indian citizens. (Read More)
Cryptocoins News / Blockchain - 2 years ago
KuCoin Ventures leads a $10 million investment in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain payment service provider. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Sberbank executive Alexander Vedyakhin believes blockchain technology could help Russia solve current settlement issues, offering new capabilities for payment systems. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Uniswap goes live on BNB Chain following a governance proposal, aiming for user growth, lower fees, and new market access. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Cybersecurity firm Halborn has warned of a vulnerability called "Rab13s" that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypto. The most critical vulnerability could allow...
Cryptocoins News / Blockchain - 2 years ago
The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started headi...
Cryptocoins News / Blockchain - 2 years ago
Bitcoin's market cap has surpassed that of tech giant Meta, despite a turbulent week for the crypto market following the downfall of Silicon Valley Bank and Signature Bank. Bitcoin's market cap has risen 9.7% in the past 24 hours, sitting at $471.86...
Cryptocoins News / Blockchain - 2 years ago
The collapse of Silicon Valley Bank and Signature Bank caused major chaos, resulting in stablecoins depegging from the U.S. dollar. The federal government has taken action to protect depositors, and President Joe Biden has vowed to hold those respons...
Cryptocoins News / Blockchain - 2 years ago
Stargate Foundation has been advised against reissuing the STG token by its DAO due to concerns raised by FTX liquidators following the bankruptcy of FTX and Alameda Research's wallets being hacked for roughly $500 million. (Read More)
Cryptocoins News / Blockchain - 2 years ago
Decentralized finance (DeFi) protocol Euler Finance lost nearly $197 million in a flash loan attack on March 13, impacting more than 11 other DeFi protocols. The vulnerability remained on-chain for eight months despite a $1 million bug bounty in plac...
Cryptocoins News / Blockchain - 2 years ago
Addresses associated with FTX and its subsidiary, Alameda Research, have reportedly transferred $145 million in stablecoins to various platforms, as the cryptocurrency exchange faces demands to return funds to different groups of investors amid ongoi...
Cryptocoins News / Blockchain - 2 years ago
Major cryptocurrency firms, including Tether, Crypto.com, Gemini, BitMEX, and others, have denied exposure to dissolved U.S. banks like Silicon Valley Bank and Signature Bank. The firms have taken to social media to assure their users that their fund...
Cryptocoins News / Blockchain - 2 years ago
The price of Bitcoin surged over $26,000 as the US Department of Labor reported a 0.4% increase in the Consumer Price Index (CPI) for February 2023, with inflation rising by 6% over the last year. The cryptocurrency markets reacted positively to the...
Cryptocoins News / Blockchain - 2 years ago
Polygon and Unstoppable Domains have partnered to offer the ability to create Web3 .polygon domain names, enabling users to log into Web3 applications, use human-readable wallet addresses, and create decentralized websites. The service will be availa...
Cryptocoins News / Blockchain - 2 years ago
The closure of three major crypto-friendly banks in the US, Signature Bank, Silicon Valley Bank, and Silvergate Bank, could pose a challenge for crypto companies in accessing traditional banking partners. The loss of these banks could impact crypto l...
Cryptocoins News / Blockchain - 2 years ago
Crypto firms including Coinbase, Paxos, and Celsius have reported funds tied up with Signature Bank, which was shut down by New York regulators due to concerns about systemic risk. While some firms expect to recover their funds in full, others have d...
Cryptocoins News / Blockchain - 2 years ago
Nissan has filed four new Web3-related trademarks in the US and is experimenting with auto sales in the metaverse in Japan. The trademarks cover its Infiniti, Nismo, and Nissan brands and include plans for virtual goods and a nonfungible token (NFT)...
Cryptocoins News / Blockchain - 2 years ago
A solo Bitcoin miner successfully mined the 780,112th block in the Bitcoin blockchain, earning a block reward of 6.25 BTC worth over $150,000. The miner was able to produce a valid hash after just two days of mining, a rare occurrence that typically...
Cryptocoins News / Blockchain - 2 years ago
Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made f...
