Search
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
17.3.2023
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation...
Biggest Movers: LINK Climbs Above $7.00, as DOGE Rebounds From Recent Decline
17.3.2023
Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday’s bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%. Dogecoin (DOGE) Dogecoin (DOGE) rose by...
After the Gold Rush: What Dapper Labs’ Big-League Collectibles Teaches Us About NFTs
17.3.2023
Dapper’s NBA Top Shot experienced a wild price bubble during the NFT boom. The followup NFL All Day collection has had a more modest rollout - and collectors think that's good news for the nascent hobby
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...
Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
17.3.2023
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises
Twitch CEO Steps Down After 16 Years
16.3.2023
Emmett Shear is no longer the boss of Twitch. After 16 long, controversy-filled years, the co-founder and only CEO the Amazon-owned streaming platform has ever known announced he’s stepping down to spend more time with his family. Read more
ARB Token Trending on Twitter After Arbitrum’s Airdrop Announcement
16.3.2023
The Arbitrum Discord channel is rife with activity with thousands of messages since the announcement today
After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender
16.3.2023
The Nigerian central bank has said the recently demonetized ₦200, ₦500 and ₦1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the demonetized naira banknotes, followed a rebuke of the CBN...
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...
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
16.3.2023
Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is reportedly hiding in Serbia
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming
15.3.2023
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made...
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
15.3.2023
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds...
The Last Of Us Co-Creator On Studio’s Next Game After The Show
15.3.2023
With a wildly successful TV adaptation, The Last of Us has done the unthinkable and proven that it is possible to make a good show based on a video game. Add to that the recent remake of the first game smashing sales records, and surely, you must be thinking, this momentum will lead to another...
Helium's HNT Crypto Token Slides to 2-Month Low After Binance.US Delisting Announcement
15.3.2023
The token is migrating to the Solana blockchain as of March 27
Breaking: Europol seizes $46M from cryptocurrency mixer after $2.88B laundered
15.3.2023
Law enforcement officials alleged that ChipMixer laundered 152000 BTC ($2.88 billion) over the past five years
Alameda-Linked Wallet Sent $100M of Stablecoins to Trading Firms After USDC Depeg
15.3.2023
A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms Cumberland and GSR Markets over the weekend
Reddit back up: Site resolves 'major outage' after nearly 6 hours
15.3.2023
The platform said "things are back in order" after it identified and fixed an internal systems issue that took its website offline for almost six hours
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...
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
14.3.2023
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally...
Meta Discontinues NFTs on Facebook and Instagram Less Than a Year After Launch – Here’s the Latest
14.3.2023
Facebook parent company Meta has decided that, less than a year after kicking off the functionality allowing to buy and sell non-fungible tokens (NFTs) via its two flagship platforms, Facebook and Instagram, it will shut down NFT trade, as announced by senior company representatives. ...
Read More:...