Category: Latest news

[ad_1] First-Citizens Bank is set to acquire the assets of the failed Silicon Valley Bank (SVB) — valued at $72 billion for a discount of $16.5 billion. In a March 26 press statement, the Federal Deposit Insurance Corporation (FDIC) said the deal covers all the deposits and the loans of the failed crypto-friendly bank. FDIC…

[ad_1] Ad The following is a guest post by web3 strategist Toby Fan, and Aly Madhavji, Managing Partner at Blockchain Founders Fund. Social media has forever changed how we view and manage financial crises. Banks need a way to tactfully handle what is now being coined “social media risk.” Viral games of the telephone played…

[ad_1] Ad Bitcoin (BTC) whales holding long BTC positions on Bitfinex suddenly cashed out on March 25 at around 13:00 UTC, according to data from Datamish. These wallets have been dormant since June 2022, and their aggregate value sits at 12,000 BTC, as the data indicates. This movement represents a small segment of investors who…

[ad_1] In a recent episode of SlateCast, host Akiba sat down with Danny Yang from OnChainMonkey to discuss various aspects of the rapidly evolving crypto space. The conversation covered topics such as OnChainMonkey ‘s unique position in Ethereum and Bitcoin ecosystems, the potential impact of NFTs on bitcoin blockchain bloat, and the contentious issue of…

[ad_1] Ad Venezuelan prosecutors arrested 21 people for being involved in a wide-range crypto-related corruption scheme on state oil company Petroles de Venezuela SA (PDVSA) on Mar. 24, as Reuters reported. Eleven of the arrested individuals were businessmen, while the remaining ten were government officials, according to the Reuters article. Moreover, the Venezuelan government has…

[ad_1] Introduction The U.S. dollar’s reign as the reserve currency of the world could be coming to an end. CryptoSlate’s latest market report explores the de-dollarization of the world to find what role Bitcoin will play in the global economy. The U.S. dollar has been the chosen medium for international trade and the global reserve…

[ad_1] Ad Bitwise believes there is currently”no path forward” for a spot Bitcoin ETF with the SEC. Thus the company does not have an application with the regulator at this time, the company’s CIO Matthew Hougan told Pensions & Investments. However, Hougan added that the company plans to launch a spot Bitcoin ETF once regulatory…

[ad_1] Ad Billionaire venture capitalist Tim Draper believes businesses should hold “at least two payrolls worth of cash” in Bitcoin (BTC) and other cryptocurrencies. Draper did not specify the percentage allocated to Bitcoin versus altcoins. However, he called BTC a hedge against deteriorating economic conditions. Bitcoin is a hedge Draper said that the collapse of…

[ad_1] Ad The crypto sphere lost $372 million to scams and exploits in the first quarter of 2023, according to a recent report from the creators of Rekt Database, De.Fi (formerly DeFiYieldApp.) According to the report, Euler Finance, BonqDAO, and CoinDeal suffered the top three most considerable losses with $196 million, $120 million, and $45…

[ad_1] Ad Justin Sun said in a series of tweets on March 24 that Huobi believes the effects of recent charges against his other projects have come to an end. On March 22, the U.S. Securities and Exchange Commission (SEC) filed charges against Justin Sun and three companies to which he is linked. Specifically, the…