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OneCoin head of compliance facing 40 year sentence after US extradition
22.3.2023
The alleged fraudster was accused of doing the “exact opposite” of her job title, which was to ensure OneCoin was complying with laws
ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak
22.3.2023
Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion
22.3.2023
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S....
Shazam Star Begs To Be In The Last Of Us After Shazam 2 Bombs
21.3.2023
Shazam! Fury of the Gods was released in theaters last week to a resounding “meh, okay” from audiences and critics alike. And now its main star and Jordan Peterson admirer, Zachary Levi, is out here on Twitter asking Neil Druckmann to cast him in the next season of the popular HBO Max series,...
Sushi sets up legal defense fund after SEC subpoenas head chef Jared Grey and DAO itself
21.3.2023
The DAO said it would not be commenting on “ongoing legal investigations,” but its existing $100,000 defense fund was apparently not enough
Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
21.3.2023
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great
The Sims 4 Fans Keep Making Uncanny Supermodel Babies After New Update
21.3.2023
The Sims 4 got a free baby update last week, and modders have already been working hard to provide players with even more options to perfect their ideal family. This includes beautiful babies. While I understand wanting to adjust the hair or eye color of a fake baby, a lot of mods go further than...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, Ahead of Pivotal FOMC Meeting
21.3.2023
Bitcoin consolidated recent gains on March 21, as markets await the upcoming Federal Open Market Committee (FOMC) meeting. Many expect that the Federal Reserve will maintain rate hikes, however at a slower pace of 25 basis points. This comes after the U.S. announced it will explore measures...
Spool partners with Camelot DEX after launching on Arbitrum
21.3.2023
Spool recently announced a partnership with Camelot DEX after launching on Arbitrum. Furthermore, this partnership is aimed at smoothening the onboarding of the new users to use $SPOOL via the usage of native Arbitrum tokens. As one of the premier decentralized exchanges on Arbitrum, Camelot...
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...