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Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits
12.3.2023
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk....
Silicon Valley Bank's UK branch shut down by Bank of England
12.3.2023
Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a "pivotal" role in supporting startups
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
11.3.2023
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch...
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
11.3.2023
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture...
Bitcoin, Ethereum Technical Analysis: BTC Above $20,000, ETH Beyond $1,400 on Saturday
11.3.2023
Bitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to capital. This includes USDC issuer Circle, which led to...
Silicon Valley Bank shut down by California regulator
10.3.2023
The FDIC stated that as receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB)
Women Are Being Shut Out Of Web3; These Women Are Building Anyway
8.3.2023
While only 13% of Web3 startups include a female founder and women represent just 27% of the top Web3 startups’ workforce, these women remain as determined as ever to shape our digital future
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low
5.3.2023
Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurrency firms, including Coinbase, Gemini, Paxos, and Circle. Silvergate Discontinues Crypto Payments...
Crypto Exchange Bitzlato Restores Access to User Funds
3.3.2023
Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money....
Russian Darknet Markets, Ransomware Groups Thrive Despite Sanctions, Report
27.2.2023
Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and high-risk crypto exchanges have also remained active....
Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet
13.2.2023
Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move
Nexo shutters US Earn product a month after settling with regulators
13.2.2023
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators
Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation
11.2.2023
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following...
LocalBitcoins to Shut Down After 10 Years Amid Challenging Market Conditions
10.2.2023
Bitcoin exchange LocalBitcoins has announced its closure after serving customers for more than 10 years citing the ongoing bear market.
In a recent posting on its website, the exchange said it would be shutting down in the coming weeks due to tough market conditions. The platform said they...
Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
9.2.2023
The U.S. Securities and Exchange Commission sued Kraken in federal court Thursday, alleging its crypto staking as a service program violated federal securities laws
Overstock-funded tZERO Crypto exchange will shut down March 6
3.2.2023
Once a highly touted exchange, tZERO facilitates securities offerings, some of which are blockchain tokens
Yet Another Online Game Is Shutting Down, Devs Promise 'Private Server' PC Version
3.2.2023
What a week. It was only Tuesday that we wrote about Rumbleverse, a battle royale game that was shutting down less than six months after launch. Now, on Thursday, we’ve got another, only this time it’s Knockout City.Read more
Epic Kills Battle Royale Game Less Than Six Months After Release
1.2.2023
In August 2022, Epic Games—developers of Fortnite, custodians of the Epic Games Store, creators of the Unreal Engine, rich as God—published a melee-based battle royale game called Rumbleverse. It is now January 2023 (February already for me here in Australia), and the game is already being killed...
Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims
26.1.2023
Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among...
You Can Tell Forspoken To Shut Up (And Other Important Settings)
25.1.2023
Forspoken, the latest action-RPG from Square Enix, is out now. The game has more than a few polarizing elements, one of which is the seemingly endless nightmare of back and forth in-game banter that might very well chase you away from what seems to be a passable open-world action experience...