Euler Finance, a non-custodial lending protocol based on blockchain technology, is currently negotiating with a hacker who stole millions from their platform. The company has given the hacker a 24-hour deadline to return 90% of the stolen funds, warning...
According to reports, stablecoins worth approximately $145 million have been transferred to various cryptocurrency exchange platforms by wallet addresses associated with the defunct cryptocurrency exchange FTX and its subsidiary, Alameda Research. Three crypto wallets, believed to be connected to...
OKX Ventures, the investment division of OKX, the second-largest cryptocurrency exchange by trade volume and a key player in Web3, has made a strategic investment in Scroll. This investment aligns with OKX Ventures' objective of endorsing projects that improve...
Wirex, a prominent cryptocurrency payments provider, has partnered with Novatti, a card issuer, to provide Australians with multi-currency cards. This collaboration, according to Wirex, could potentially enable over 20 million individuals to utilize their advanced multi-currency cards for everyday...
Tarabut Gateway, the MENA region's largest open banking network, has announced a new partnership with Rain, the region's first licensed trading platform for crypto assets. This marks the first collaboration between Tarabut Gateway and a crypto asset service provider....
The Federal Reserve has begun an investigation into the causes of Silicon Valley Bank's (SVB) collapse. The agency will evaluate the oversight and regulatory methods utilized by the collapsed financial institution. The Federal Reserve appointed Vice Chair for Supervision...
The US Commodities Future Trade Commission (CFTC) has formed a new Technology Advisory Committee (TAC) and appointed several notable members from the crypto and blockchain industry. Today @CFTCcgr announced the membership of the newly constituted Technology Advisory Committee, its...
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 sufficient...
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 via...
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 funds'...
