FDIC to attempt another auction of Silicon Valley Bank: Report
Regulators are planning another auction for Silicon Valley Bank after the previous attempt to find a new owner failed. Silicon Valley Bank (SVB) could be returning to the auction block…
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia. The United States Justice Department is reportedly…
Recent contagion was ‘TradFi to crypto’ and not vice versa — Circle policy director
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi,” said Caroline Hill. Caroline Hill,…
Bitcoin surges past $24,000 on CME launch of BTC event contracts
Bitcoin futures on CME have traded 550,000 contracts since inception. On March 13, American derivatives marketplace CME announced the launch of Bitcoin (BTC) futures event contracts. The exchange, which is…
Jane Street, Jump Trading And Alameda Face Probe By US DoJ Over Terra’s Collapse
he U.S. Department of Justice has launched a probe into the collapse of Do Kwon’s TerraUSD. Authorities are reportedly looking at chats between Alameda Research, Jane Street, and Jump Trading.…
Meta pulling the plug on NFTs across Instagram and Facebook
The short-lived NFT features were first launched in May 2022, but Meta’s financial technology lead said it’s “winding down” the tools to focus elsewhere. Big Tech firm Meta is scrapping…
Marathon Digital: Deposits held at Signature Bank are secure and available
The company disclosed that it has approximately $142 million in cash deposits at Signature Bridge Bank, which was set up by the FDIC after the shutdown of Signature Bank. Crypto…
Euler attack causes locked tokens, losses in 11 DeFi protocols, including Balancer
On March 8, Euler had over $311 million in crypto locked inside its smart contracts. Its total value locked has since fallen to $10.37 million. Contagion from the Dec. 12…
USDC depegged, but it’s not going to default
USD Coin is going to survive Silicon Valley Bank’s collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks. Over the past week, investors understandably became…
Bitcoin Price Prediction for Today, March 13: BTC/USD Climbs Above $24K; Ready for Higher Levels?
The Bitcoin price prediction is showing positive signs as the king coin heads to the upside, suggesting further higher levels. Bitcoin Prediction Statistics Data: Bitcoin Go to Source
No Government Bailout For Silicon Valley Bank, Says Yellen
Janet Yellen, the U.S. Treasury Secretary, has confirmed that the Silicon Valley Bank (SVB) will receive help from the government. However, she has ruled out Go to Source
Binance Converts $1 Billion Industry Recovery Initiative Funds From BUSD To BTC, Ether And BNB
In response to the most recent turmoil surrounding the USDC stablecoin, Binance, the world’s largest crypto exchange based on trading volume, converted the remaining money Go to Source
Binance Is Looking To Acquire CoinDesk For $75 Million
Binance is reportedly looking to purchase CoinDesk through its capital management division. CoinDesk has been on the market since January 2023 following financial trouble with its parent firm DCG. The…
dYdX Up 21% After Community Approves Proposal To Reduce Trading Rewards
The dYdX community concluded a vote today to approve a proposal that will reduce trading rewards by 45%. The result sent the decentralized crypto exchange’s native token soaring by over…
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a…