The US Federal Deposit Insurance Corporation (FDIC) attempted to sell Silicon Valley Bank (SVB) through an auction on March 12, 2023, but the auction failed to attract any buyers. The primary goal of this auction was to raise...
Circle has announced Cross River Bank as its new commercial banking partner for the production and redemption of the US Dollar Coin (USDC). Circle’s USDC operations will open for business on Monday morning, including with new automated settlement...
The President of the United States, Joe Biden, has promised to ensure that those responsible for the downfall of Silicon Valley Bank and Signature Bank are held accountable. He also stated that depositors need not worry about their...
According to reports, the now-defunct Signature Bank held funds for several crypto companies, including crypto exchange Coinbase, bankrupt crypto lender Celsius, and stablecoin issuer Paxos. Recall that on March 12, the Federal Deposit Insurance Corporation (FDIC) and New...
Silicon Valley Bank (SVB), a significant financial institution that caters to venture-backed businesses in California, was closed down by the state's financial regulators on March 10, 2023. This incident is being described as the second-largest failure of a...
The U.S. Department of Justice (DOJ) has appealed against the court ruling in favour of the proposed asset acquisition deal between Voyager Digital and Binance.US. The appeal was filed one day after Judge Michael Wiles granted Voyager Digital...
Thailand's Securities and Exchange Commission (SEC) is preparing to hold another open hearing on the possibility of outlawing cryptocurrency staking and lending services. According to reports, Thailand's SEC is seeking public input on a proposed regulation prohibiting virtual...
Shiba Inu (SHIB) has dropped by 1.27% in the last 24 hours due to the cryptocurrency market's negative reaction to the possibility of another Fed rate hike. Image source: coinmarketcap.com Rick Rieder, chief investment officer for global fixed...
According to Hedera, the company behind the distributed ledger Hedera Hashgraph, a smart contract attack on the Hedera mainnet resulted in the loss of several liquidity pool tokens. Hedera announced in a tweet that the attacker focused on...
In response to concerns about unregulated stablecoins, the U.S. Federal Reserve plans to create a team of specialists to track developments in the cryptocurrency industry. Michael Barr, Vice Chair for Supervision at the agency, announced the plan during...
