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Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps

13.3.2023
The market frenzy that started with the Silicon Valley Bank collapse is pushing BTC price higher but with some casualties left behind

Circle taps Cross River as banking partner, expands ties with BNY

13.3.2023
Circle announced a new banking partner after Silicon Valley Bank’s failure and is expanding ties with BNY Mellon

Binance Launches Prepaid Card in Colombia

13.3.2023
Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam...

Coinbase and Circle cite FDIC to ensure fund recovery

13.3.2023
Signature Bank and then Silicon Valley Bank, the traditional banking system, is experiencing one of the worst hit crises that have left customers wondering if they will ever get their funds back. For now, Coinbase has responded, saying that its users will get the funds back from Signature Bank...

XRP Price Prediction as Ripple CEO Confirms Exposure to Silicon Valley Bank – What Does This Mean for XRP?

13.3.2023
The price of XRP has gained slightly in the past 24 hours, rising by 0.5% after the coin recovered from a significant fall this past weekend. At $0.363344, XRP has dropped by 1.5% in a week and by 5% in the last 30 days, with the coin dragged down by the market-wide selloff following the collapse...

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...

Privacy-focused blockchain network closes Aztec Connect tool

13.3.2023
The research made with Aztec Connect will be usable and critical to the development of a next-generation blockchain, Aztec Network said

Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank

13.3.2023
Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator said

Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?

13.3.2023
Two top Brazilian professional football (soccer) players claim they have fallen foul of a crypto scam – and say that they were convinced to invest in a fraudulent project by a fellow pro.... Read More: Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?

Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week

13.3.2023
Bitcoin and crypto react bullishly to news that the Fed is providing liquidity again in the wake of Silicon Valley Bank failing and Signature Bank being closed

Euler Finance hacked for over $195M in a flash loan attack

13.3.2023
Euler Finance became the victim of a flash loan attack where the exploiter managed to drain hundreds of millions worth of decentralized stablecoins and synthetic ERC-20 tokens

Bitcoin, U.S. Stock Futures Erase Early Gains as First Republic Bank Tanks 50% in Pre-Market Trading

13.3.2023
Risk assets pared gains while bond yields tanked as emergency measures announced by U.S. authorities failed to assuage investor fears about banking sector problems

HSBC Acquires Silicon Valley Bank UK for £1 to Safeguard Customers and Taxpayers – What's Going On?

13.3.2023
Global banking giant HSBC has acquired the UK subsidiary of now-collapsed lender Silicon Valley Bank for £1 ($1.21) after all-night talks between the government, regulators, and other prospective buyers. The deal excludes the assets and liabilities of SVB UK's parent company. As of March 10,...

Euler DeFi Protocol Exploited for Nearly $185M

13.3.2023
The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC

Ripple’s CEO assures stable financial state despite the collapse of Silicon Valley Bank

13.3.2023
Brad Garlinghouse, CEO of Ripple Labs, reveals that the company has a part of funds in Silicon Valley Bank. This announcement was made through his Tweet on Sunday. The bank’s closure on Friday has led many crypto companies to reveal their exposure to the bank. Ripple Labs is a crypto solution...

OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse

13.3.2023
OkCoin CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals are not affected

Radiant Capital to soon transition from V1 to V2

13.3.2023
Radiant Capital has announced that it is soon transitioning from V1 to V2, enabling the venture to onboard the next hundred million users to the DeFi market. Decentralized Finance is eyeing to make a name for itself under the umbrella of sustainability. Having a larger number of users is sure...