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Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Nonfarm Payrolls

10.3.2023
Pressure on the U.S. banking system is questioning whether the Fed can push ahead with such an aggressive tightening cycle, analysts at ING said

Finance Is Headed Toward Bank-Free, Decentralized Future: Bernstein

10.3.2023
Bank-free decentralized finance will be a trillion-dollar asset pool with over $40 billion in revenue by 2028, the report said

Iran’s Crypto Rial Project Enters Trial Phase

10.3.2023
The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares...

US Fed to create new crypto team amid concerns about unregulated stablecoins

10.3.2023
The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system

US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall

10.3.2023
Concerns have been raised around the financial health of the tech-focused bank, which services the likes of crypto-friendly VCs such as Sequoia and a16z

Bitcoin slips under $20K amid Biden budget, Silvergate collapse

10.3.2023
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level

Fed Chair Powell Provides Update on US Central Bank Digital Currency

10.3.2023
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that...

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain

10.3.2023
According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to...

Silvergate Bank 'Had to Be Perfect' but Now Pays a Heavy Price: Strategist

9.3.2023
But because they weren’t, the industry now is likely to have a difficult time attracting traditional firms into the crypto banking industry, Jim Bianco, president of Bianco Research LLC, says

Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors

9.3.2023
Bitcoin, ether and other major cryptocurrencies turned red as the crypto-focused lender’s crisis continued to unfold

4 Potential Winners of the Silvergate Unwind

9.3.2023
The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial services providers

Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’

9.3.2023
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s...

Block.one Exits Silvergate Stake, Says Portfolio Firm Has No Exposure

9.3.2023
The Peter Thiel-backed company made a contrarian bet on Silvergate last November when its exposure to FTX’s collapse first became known

Ukraine’s central bank sees both promises and threats in Bitcoin

9.3.2023
The central bank of Ukraine sees crypto as a threat to macro-financial stability and a promising opportunity for better payments at the same time

Bitcoin, Ethereum Technical Analysis: BTC Moves to Fresh Multi-Week Low Following Silvergate Liquidation Announcement

9.3.2023
Bitcoin continued to trade lower on March 9, as prices fell to a fresh multi-week low in today’s session. The decline came as crypto bank Silvergate confirmed that it will be winding down operations. Ethereum also edged lower. Bitcoin Bitcoin (BTC) fell for a fourth straight session...

First Mover Americas: Silvergate Shutters in Latest Blow to Crypto

9.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 9, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Brazilian Unicorn Nubank Hires Ex-Meta Crypto Chief David Lucas

9.3.2023
Brazilian neobank Nubank, known for its crypto-friendly stance, has made headlines by hiring David Marcus, the former crypto chief at Meta (formerly Facebook), while simultaneously seeing a key member of its management team step down. The move comes hot on the heels of the bank's release of its...