Category: Latest news

[ad_1] SVB Financial Group, the parent company of Silicon Valley Bank, has filed for bankruptcy protection, according to a press release from the company on March 17. SVB files for reorganization The announcement indicates that SVB Financial Group has voluntarily filed for a court-organized reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing…

[ad_1] BlackRock CEO Larry Fink said in his annual letter to investors outlining what he contends are the most urgent and rapidly changing developments in crypto and traditional finance. The 9,000-word document, published March 16, touches on everything from the geopolitical crisis and the war in Ukraine to strategies for long-term growth and digital assets…

[ad_1] Quick Take The Ethereum voluntary exit count exploded on March 16, the second-highest count since the merge. This is the total number of validators who have voluntarily exited the validator pool. So where a validator opts to cease participating in consensus and enters the exit queue, these validators no longer propose or attest to…

[ad_1] An EU member of parliament has recently tweeted that he believes an EU-wide ban should be imposed on crypto. In a tweet from March 17, Johan Van Overtveldt, a former finance minister of Belgium and current member of the European Parliament, urged for a total ban on cryptocurrencies amid the recent turmoil in the…

[ad_1] Binance will no longer hold BUSD in its Secure Asset Fund for Users (SAFU) and has swapped the stablecoin for ERC-20 TUSD and BEP-20 USDT, according to a March 17 press release. The world’s largest crypto exchange said the swap was seamless and will not affect users. It also provided the wallet addresses where…

[ad_1] BlockDown Festival: Portugal, hosted by Web3 Creative Marketing and Communications Agency EAK Digital, will kick off its second annual in-person Web3 and blockchain festival in Algarve, Portugal, on July 10-12, 2023. In keeping with the BlockDown Festival brand of hosting the festivals in unique and unforgettable locations, The Algarve Coast  is located in the…

[ad_1] Ethereum co-founder Vitalik Buterin took to social media to tout the benefits of using multi-sig and social recovery wallets for self-custody of crypto assets. Buterin said that self-custody is important as centralized entities can become untrustworthy and people can lose their funds without notification. However, he added that being solely responsible for the entirety…

[ad_1] Quick Take First Republic Bank’s share price is down 50% in the past 5 days and got 11 major U.S banks to pledge $30 billion, but the stock continued to slide during today’s pre-market, down 14%. Credit Suisse is also down 9% during pre-market. SVB financials files for chapter 11 bankruptcy in New York…

[ad_1] The recent collapse of the Silicon Valley Bank (SVB) and the USD Coin (USDC) de-peg halted the hype around Non-Fungible Tokens (NFTs) while benefitted the activity on Decentralized Finance (DeFi), as the recent DappRadar report revealed. During the weekend of Mar. 11-12, DeFi’s transaction volume surpassed $58 billion across all platforms — while Mar.…

[ad_1] The Blockchain Internet of Things (IoT) market is estimated to reach $124.58 by 2030, according to a recent study by Contrive Datum Insights. The compound annual growth rate (CAGR) of the blockchain IoT space is expected to hit 93.4%, according to the study. It also predicts the Asia-Pacific region to take the lead in…