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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...
Bitfury CEO: U.S. Government Using Crisis to Choke Off Crypto Access to Banks
15.3.2023
Brian Brooks, former head of the OCC and now board member of blockchain technology company Bitfury, says the recent crackdown by regulators on three crypto-friendly banks appears to be a coordinated effort and what some are dubbing "Operation Choke Point 2.0"
Silvergate Was Not Cut Off From Loans, FHLB Says
15.3.2023
The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate late last year, did not force Silvergate to repay the advances which have been rumored to be the reason why the crypto-friendly bank had to go into voluntary liquidation, it said
Crypto Firm Anchorage Digital to Lay Off 20% of Staff Citing US Regulatory Uncertainty – Here's What You Need to Know
15.3.2023
Anchorage Digital, a crypto bank based in San Francisco, is making substantial staff cuts in response to the current downturn in the crypto market and regulatory uncertainty in the United States.
According to Bloomberg, the company is laying off 75 employees, or roughly 20% of...
Meta Winding Down Support for NFTs on Facebook, Instagram
15.3.2023
U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens...
Crypto Platform Anchorage Digital Laying Off 20% of Its Staff: Bloomberg
14.3.2023
The firm said that U.S. regulatory uncertainty played a role in its decision
Binance to lose its GBP on-and-off ramp provider in 9 weeks
14.3.2023
Binance has also had problems with SWIFT, its banking partner for USD transfers over the last few months
FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ
13.3.2023
The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank
Binance GBP Funding On/Off-Ramp to be Suspended in May
13.3.2023
The change will affect less than 1% of Binance customers, the exchange says
Smart Money Staying Put as USDC Remains Off-Peg
13.3.2023
Data from Nansen shows that the total amount held by smart money wallets, and active addresses, are at multi-month lows
Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
12.3.2023
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.”...
Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears
11.3.2023
Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds
Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil
11.3.2023
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter”...
Today in Crypto: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling Decentralized Text-based App
10.3.2023
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: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling...
Report: Michael B. Jordan Wants To Make A Creed Anime Spin-Off
10.3.2023
Creed III, the latest Rocky spin-off starring (and this time directed by) Michael B. Jordan, is currently killing it at the box office. So it’s not surprising to hear that MGM and its parent company Amazon have big plans for the franchise. However, it’s a little odd that those plans might include...
Hedera Turns off Services After 'Network Irregularities'
9.3.2023
The network’s native token, Hedera (HBAR), fell 7% to roughly $.055 on news of the irregularities
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...
Pension Fund-Backed Parataxis Capital Shakes Off Crypto Winter With New Fund
8.3.2023
The fund employs a long/short relative value trading strategy, and will launch with $25 million to $50 million in capital
ETHDenver Teases Spin-off Plans as Conference Winds Down
6.3.2023
After a successful week of hacking, networking, and partying, ETHDenver co-founder John Paller revealed he is in talks to organize satellite events in other countries
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Recent Losses to Start the Weekend
4.3.2023
Bitcoin consolidated recent losses on March 4, as cryptocurrency markets marginally stabilized from Friday’s sell-off. Prices plunged to a two-week low in yesterday’s session, however sentiment has somewhat shifted. Ethereum also recovered, moving back into the green to start...