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Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure
13.3.2023
Major crypto exchange Coinbase stated that it has millions in corporate cash balance with the shuttered Signature Bank.
According to a March 13 Twitter thread, as of the close of business on Friday, March 10, Coinbase had "an approximately $240m balance in corporate cash" at Signature.
The...
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
11.3.2023
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several...
Bankrupt Crypto Lending Platform BlockFi Faces Potential $227 Million Loss in Uninsured Funds at Silicon Valley Bank – What's Going On?
11.3.2023
Bankrupt crypto lender BlockFi has $227 million in uninsured funds stuck in an account maintained by failed lender Silicon Valley Bank.
According to a March 10 filing by the Justice Department, BlockFi has $227 million parked in a money market mutual fund, which isn’t insured by the Federal...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
11.3.2023
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions...
Terra Luna Classic Price Prediction as $100 Million Trading Volume Comes In – What's Going On?
10.3.2023
The Terra Luna Classic price has fallen by 12% in the past 24 hours, dropping to $0.00012029 as the news of Silvergate Bank's liquidation sends shockwaves through the cryptocurrency market.
LUNC's current price means that it has also declined by 28% in the past week and by 35% in the last 30 days...
Dogecoin Price Prediction as $400 Million Trading Volume Comes In – Can DOGE Reach $1 in 2023?
9.3.2023
The Dogecoin price has fallen to $0.071674 today, dropping by 2% in the past 24 hours, as news of Silvergate's voluntary liquidation chips away at the cryptocurrency market's overall value.
DOGE's current price means that it has declined by 12% in a week and by 20% in the last 30 days, with...
XRP Price Prediction as Whale Moves $10 Million of XRP From Wallet – What's Going On?
9.3.2023
The price of XRP has risen by 1.5% in the past 24 hours, reaching $0.393371 on a day when news of Silvergate's voluntary liquidation has hurt the market as a whole.
The coin is now up by 2.5% in a week and basically flat in the last 30 days, although it has risen by 15.5% since the start of 2023....
Blockchain Industry Gets Boost as US Firms Set to Raise $100 Million For Crypto Fund – Are Institutions Coming Back?
9.3.2023
Despite a series of high-profile moves by the Securities and Exchange Commission as it seeks to reign in the US Crypto Industry, a new digital asset fund venture could reignite market growth.
The result of a partial merger between leading firms Alpha Sigma Capital and Transform Ventures. The...
Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022
9.3.2023
According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half...
Crypto Payroll Firm Toku Raises $20 Million Amid Industry-Wide Shift Towards Compliance
9.3.2023
Toku, a startup specializing in token-based payroll and tax compliance, has successfully raised $20 million in funding. The company's unique approach is designed to assist crypto businesses in maintaining regulatory compliance amidst increased scrutiny from regulators. With its innovative...
Blockchain Retail Market Size to Top Over $2 Billion by 2028 — Study
9.3.2023
According to Fortune Business Insights, the global blockchain retail market size is expected to surge from the $172.2 million recorded in 2021 to over $2 billion by 2028. Both the demand for the product by end-users as well as the growing use of the technology in supply chain management...
Coinbase Launches Wallet-as-a-Service to Bring Millions to Web3
9.3.2023
On March 8, Coinbase announced the launch of its Wallet-as-a-Service (WaaS) product. The WaaS product aims to “bring the next hundred million consumers into Web3 through a seamless wallet-onboarding experience.” The Coinbase WaaS offers wallet infrastructure application programming...
Terra Luna Classic Price Prediction as $50 Million Trading Volume Comes In – Can LUNC Recover This Year?
8.3.2023
Terra Luna Classic (LUNC) continues to endure bleed-out price action, as authorities in Singapore open investigation into Do Kwon - can LUNC recover?
A jaw-dropping surge of volume in the past 24 hours could be the catalyst LUNC needs for a bounce - with $57m in trading volume ripping through...
Hexa Raises $20.5 Million to Take Real Objects to the Metaverse
8.3.2023
Hexa, a 3D modeling company, has raised $20.5 million in its latest funding round to facilitate the task of bringing products into the metaverse. This new injection will ostensibly allow the company to expand its current workforce involved in engineering and business tasks, to improve the workflow...
Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry
7.3.2023
Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to hit $30 by 2025 and $40 by 2027, Keith Neumeyer, CEO of First Majestic Silver, thinks medium...
Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million
7.3.2023
Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than...
SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud
7.3.2023
The Securities and Exchange Commission (SEC) has announced it is taking “emergency action” against crypto hedge fund BKCoin and its co-founder Kevin Kang for “Ponzi-like conduct.”...
Read More: SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
7.3.2023
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence...
FTX Bankruptcy Special Counsel and Advisers Bill $38M for January
7.3.2023
FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme
7.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make...