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European Crypto Startups Raised Record $5.7B in VC Funding in 2022
22.3.2023
A new report from crypto VC firm RockawayX and startup data provider Dealroom showed strength in the region despite the crypto winter
Seed Club Ventures Emerges With $25M to Back DAOs
21.3.2023
The investor collective, also organized as a DAO, includes noted crypto firms Multicoin Capital, Delphi Digital and Dragonfly
A16z Leads $40M Funding Round for CCP Games
21.3.2023
The studio behind Eve Online is planning a blockchain-backed title
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...
Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis
20.3.2023
On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision...
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.”
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...
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund
17.3.2023
The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain startups on the continent. While global blockchain funding has been on a decline over the past year, Echovc founder Eghosa Omoigui claimed that investing now enables the VC to get in “at...
Genesis Requests Timetable for Sale, Creditor Claims
17.3.2023
The company wants to sell off its business after filing for bankruptcy on Jan. 19
Crypto Speculators Betting on ‘No Airdrop’ for Arbitrum Lose 95% of Capital
17.3.2023
Claims of “no airdrop” on a popular prediction market fell steeply in a single day after Arbitrum confirmed its airdrop on Thursday
Moscow City Crypto Exchanges Ready to Send Cash to London, Report
17.3.2023
An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper money in the U.K. The transfer of funds does not usually involve the identification of the clients, Transparency International Russia reveals in...
9 key metrics to analyze the health of a bank
16.3.2023
Discover nine crucial metrics to analyze bank health: equity, ROA, ROE, NPLs, CAR and more
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...
DeFi-Focused Asset Manager MEV Capital Offers Uniswap Hedging Strategy
15.3.2023
MEV Capital uses options contracts issued by crypto derivatives specialist OrBit Markets to hedge liquidity providers’ positions
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
14.3.2023
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of...
Three Arrows Capital-Affiliated Crypto Firm Raises $100 Million for New Liquid Token Fund – Here's What You Need to Know
14.3.2023
DeFiance Capital has reportedly raised $100 million for its liquid token fund.
On Monday, The Block reported that the crypto investment firm completed the first close of the new fund, citing "two sources with direct knowledge of the matter". ...
Read More: Three Arrows Capital-Affiliated Crypto...
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
13.3.2023
Four funds with about $940 million in gross asset value had exposure to the custodians, as of May 2022
Three Arrows Capital Co-Founder Kyle Davies: No Pending Lawsuits or Regulatory Action
13.3.2023
Kyle Davies, co-founder of defunct hedge fund Three Arrows Capital, has claimed he has no pending lawsuits or regulatory action following the collapse of the fund last year
Bitcoin, Ethereum Technical Analysis: BTC Back Above $22,000 as Silicon Valley Bank Depositors Are Rescued
13.3.2023
Bitcoin moved back above $22,000, as the U.S. Treasury moved to avert a regional banking crisis, following the collapse of Silicon Valley Bank. The government confirmed that it will backstop depositors’ funds, giving full access to their capital. Ethereum also moved higher on the news....
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...