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'Operation Choke Point 2.0' may have contributed to SVB collapse: Mulvaney
22.3.2023
While the existence of "Operation Choke Point 2.0" has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy
Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply
21.3.2023
The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers...
The Web3.Conference will gather Web3 builders & creators this May in Amsterdam
21.3.2023
The Web3.Conference is the premier event to guide you around the fascinating world of Web3. Explore, learn, network, and gain insights into this new internet standard’s latest trends and use cases. With a lineup of famous speakers, industry leaders, marketers, developers, investors,...
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...
These 5 cryptocurrencies may continue to surprise to the upside
19.3.2023
Bitcoin, ETH, BNB, STX, and IMX remain strong on the charts, increasing the likelihood of more gains in the near term
Credit Suisse rescue plan may include nationalization, bondholder losses
19.3.2023
A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
15.3.2023
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”
Report: Shanghai Bank Mulls Buying Silicon Valley Bank’s Stake in Chinese Subsidiary
15.3.2023
According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition, which may help minimize the impact of SVB’s shutdown. In its statement following SVB’s...
Seoul: Sanctions May Be Ineffective Against North Korea’s Crypto Hacks
14.3.2023
North Korea’s crypto hacking campaign may be impervious to international sanctions, a South Korean government official has claimed.
According to the media outlet Yonhap TV News, an unnamed Seoul-based government official stated:
“The scale of North Korea’s cybercrime-related activities suggests...
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
Crypto industry may escape lasting damage from Silvergate liquidation
13.3.2023
Some foresee benefits if the U.S. finally gets sensible crypto regulation post-Silvergate, and traditional banks “may become warmer to establishing [crypto] relationships.”
Ethereum layer-2 solutions may focus less on token incentives in the future
11.3.2023
Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization?
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles
10.3.2023
Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation...
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...
Russian Crypto Industry Association Asks Putin to Help With Regulations
8.3.2023
The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies. Russian Crypto Businesses...
Silvergate's Collapse May Spell Regulatory Trouble for Crypto
8.3.2023
Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday
NFTs May Soon Be Available on Amazon With Reported Plans for New Platform Launch – Crypto Adoption on the Rise?
7.3.2023
Amazon is poised to launch its NFT and Web3 initiative by next month, with around fifteen collections expected to be available from the launch.
According to a report by TheBigWhale, the countdown has begun for the launch of Amazon's Web3 and NFTs initiative, which is set to go live on March...
BTC may need to dip to $19.3K to cool Bitcoin profit-taking — new data
7.3.2023
Bitcoin short-term holders have been getting active, and their profitability may be underscoring current support and resistance levels, Glassnode reveals
Gold Bug Schiff Says ‘The Months of Declining Inflation Are in the Review Mirror,’ AI Crypto Assets Surge, and More — Week in Review
5.3.2023
Economist and gold enthusiast Peter Schiff has said that the U.S. Fed may have to fight a “complete economic collapse” and be faced with more to worry about than the current battle against inflation. In other news, artificial intelligence (AI) crypto assets have seen a recent surge,...
Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’
4.3.2023
The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC)...