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First Citizens to Buy Silicon Valley Bank's Deposits, Loans in $55.5B Agreement With FDIC

27.3.2023
Federal Deposit Insurance Corporation says the 17 former branches of Silicon Valley Bank will re-open as First Citizens Bank & Trust Company on Monday, March 27

Euler Finance gets back $90 million from hacker

27.3.2023
It happened to be a little before two weeks ago when the lending protocol, Euler Finance, went through an enormous amount of loss pertaining to its assets. This happened to have been the handiwork of a hacker. However, recently he has sent back the amount of 51,000 ETH, which happens to be...

$4M 'exit scam' suspected as Kokomo Finance flies off radar, token plunges

27.3.2023
Kokomo Finance's social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

27.3.2023
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08...

First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg

27.3.2023
Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT

A Million-Dollar Bitcoin Bet, Financial Crisis Warnings Abound, and Ordinal Inscriptions Surpass 500,000 — Week in Review

26.3.2023
Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about inflation, recession, and a brewing economic crisis....

Euler Finance Hacker Returns $100 Million in Surprising Act – Here's What Happened

26.3.2023
In a remarkable development, the Euler Finance exploiter has returned a huge portion of the $200 million stolen funds to the protocol. According to data aggregated by blockchain security firm BlockSec, the Euler Finance hacker has been returning the stolen funds over the past 24 hours. With...

Euler Finance exploiter returns over 58,000 stolen Ether

25.3.2023
ETH worth over $101 million had been returned to the lending protocol as of March 25. The exploiter still controls part of the stolen assets

Euler Finance Hacker Sends 51,000 Stolen Ether Back to Protocol

25.3.2023
EUL tokens jumped 47% on the transfer of tokens

Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate

25.3.2023
On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin...

NFTX DAO Eyes Treasury Rebalancing After USDC Wobbles

24.3.2023
The decentralized autonomous organization’s token holders are voting to diversify $2 million of its treasury’s assets amid a turbulent crypto market

Shares of Deutsche Bank, Other Euro Lenders Tumble

24.3.2023
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank...

Arbitrum airdrop hype grips DeFi world: Finance Redefined

24.3.2023
The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution

Eversheds Sutherland Files for Property Rights Over FTX.com Customer Assets

24.3.2023
Lawyers asked the court for an early stage summary judgment, to ring-fence FTX assets frozen in the accounts of non-U.S. customers

Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs

24.3.2023
BlockFi filed for bankruptcy in the wake of FTX's collapse

A Three Arrows Capital Founder Talks About His New Crypto Bankruptcy Exchange

24.3.2023
Less than a year after Three Arrows Capital imploded along with $2.5 billion of its clients' money, the hedge fund's founders Su Zhu and Kyle Davies are back on the scene with what appears, to their credit, to be an impressive bankruptcy exchange, but is it too soon?

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

24.3.2023
The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during...