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Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations
20.3.2023
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all...
First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower
20.3.2023
After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial...
Origin Protocol Considers Subsidizing OGN Rewards After Joining NFT Royalty Wars
20.3.2023
The protocol is trying to keep its NFT marketplace competitive with Opensea and Blur
Rattled crypto industry could emerge stronger after USDC depeg
20.3.2023
Did the depegging reveal stablecoins’ limitations, or was it a learning moment?
Cryptocurrency Market Set for More Upside After Bank Problems: Bernstein
20.3.2023
The current environment is the perfect setting for the decentralized financial system to stand out as an alternative to traditional banking, the report said
Bitcoin ATM maker shuts cloud service after user hot wallets compromised
20.3.2023
Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets
Man Arrested After Making 'Minecraft' Death Threat To Sheriff
19.3.2023
A 38-year-old man has been arrested in South Brunswick, New Jersey after allegedly posting a death threat targeting a Sherriff in Florida, and ending his statement with the words “In Minecraft”.Read more
New token CryptoGPT price is rising, Avorak AI will likely perform even better after launch
19.3.2023
AI fever is here, with new AI products generating swathes of revenue and becoming the focus of the investment markets as adoption spreads quickly. CryptoGPT has performed well straight after the launch, gaining multiples over the launch price. Will Avorak AI perform better? What is Avorak...
SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report
19.3.2023
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following SVB UK’s "near-collapse.”
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
18.3.2023
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit...
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
17.3.2023
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin...
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
17.3.2023
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation...
Biggest Movers: LINK Climbs Above $7.00, as DOGE Rebounds From Recent Decline
17.3.2023
Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday’s bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%. Dogecoin (DOGE) Dogecoin (DOGE) rose by...
After the Gold Rush: What Dapper Labs’ Big-League Collectibles Teaches Us About NFTs
17.3.2023
Dapper’s NBA Top Shot experienced a wild price bubble during the NFT boom. The followup NFL All Day collection has had a more modest rollout - and collectors think that's good news for the nascent hobby
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...
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
Twitch CEO Steps Down After 16 Years
16.3.2023
Emmett Shear is no longer the boss of Twitch. After 16 long, controversy-filled years, the co-founder and only CEO the Amazon-owned streaming platform has ever known announced he’s stepping down to spend more time with his family. Read more
ARB Token Trending on Twitter After Arbitrum’s Airdrop Announcement
16.3.2023
The Arbitrum Discord channel is rife with activity with thousands of messages since the announcement today
After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender
16.3.2023
The Nigerian central bank has said the recently demonetized ₦200, ₦500 and ₦1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the demonetized naira banknotes, followed a rebuke of the CBN...
Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
16.3.2023
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday...