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Today in Crypto: ‘If Government Bans Drugs, It Should Ban Crypto’, SVB Financial Group Files for Bankruptcy, BlockSec Stops Hacker from Stealing ETH 2,900
17.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: ‘If Government Bans Drugs, It Should Ban Crypto’, SVB Financial Group Files for Bankruptcy, BlockSec Stops...
Bitcoin Is a Clear Winner of the U.S. Banking Crisis
17.3.2023
The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk's George Kaloudis
SVB Collapse Shows the Rot in U.S. Banking and Dollars
17.3.2023
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
17.3.2023
After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into...
Silicon Valley Bank's Parent Company Files for Bankruptcy
17.3.2023
The company said Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York to preserve value
US Bank collapse — Was crypto being targeted?
17.3.2023
The latest episode of Decentralize with Cointelegraph unpacks whether U.S. regulators are targeting the crypto ecosystem through closure of SVB and Signature Bank
Tokenized Diamond Market Booms Amid Crypto Banking Crisis as Investors Seek Hard Assets – Here's What You Need to Know
17.3.2023
At the time when banks were collapsing last weekend and a major stablecoin depegged, tokenized diamond sales jumped 300%.
Investors turned their focus to digitized diamonds in search of safe haven amid high market volatility brought on by the collapse of no less than three banks in the United...
SVB collapse chilled NFT trading volumes: DappRadar
17.3.2023
Only 11,440 NFT traders were active on March 11 which was the lowest figure recorded since November 2021
Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
17.3.2023
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises
US Senator: Signature Bank Collapsed Because It Embraced Crypto Customers Without Sufficient Safeguards
17.3.2023
U.S. Senator Elizabeth Warren alleges that Signature Bank failed because it “bought into its get-rich-quick narrative” and “embraced crypto customers with insufficient safeguards.” Emphasizing that the bank took “excessive risk,” the senator demanded answers from...
FDIC Denies Report Signature Bank Purchaser Must Divest Crypto
17.3.2023
The Federal Deposit Insurance Corporation denied it would require any purchaser of Signature Bank to divest its crypto activities
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks
17.3.2023
Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert” to events as they unfold, European Commissioner Mairead McGuinness has said. Despite McGuinness’ reassuring remarks, stocks of Europe’s largest...
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
16.3.2023
The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners
US lawmaker suggests Signature's collapse was tied to instability of crypto
16.3.2023
Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank's ability to service digital asset firms but not dispensaries
Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US
16.3.2023
On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal...
Former FDIC Regulator: Friendliness Toward Crypto 'Does Not Exist'
16.3.2023
Jason Brett said despite regulators using the failure of three banks to target crypto, the industry itself is not in a crisis
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply
16.3.2023
The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications...
The Banking Crisis Has Been Good for Stablecoin Experimentation
16.3.2023
On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank
16.3.2023
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global...
Today in Crypto: 45% Jump in Payment Fraud Attacks on Crypto Exchanges, Court Rejects Reason to Halt Binance.US’ Acquisition of Voyager, India & UAE Partner on CBDC Plans, Xapo Bank Integrates with the Faster Payment System
16.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: 45% Jump in Payment Fraud Attacks on Crypto Exchanges, Court Rejects Reason to Halt Binance.US’...