Silicon Valley Bank Sells UK Unit to HSBC Subsidiary for £1
HSBC’s U.K. ring-fenced subsidiary, HSBC U.K. Bank, is set to acquire Silicon Valley Bank U.K. (SVB U.K.) for a nominal £1 ($1.21), according to a
Article written by Brian Andrew
Circle Stands Firm with USDC, Covers $3.3 Billion Shortfall at Silicon Valley Bank
Circle, the issuer of the USDC stablecoin, has pledged to cover any shortfall caused by the collapse of Silicon Valley Bank. In a blog post,
Despegar Paves the Way for Crypto Adoption in LATAM’s Travel Industry
Despegar, one of the leading travel agencies in Latin America, has partnered with Binance Pay and Inswitch to enable cryptocurrency payments for tour packages. Despegar
Silicon Valley Bank’s Troubles May Cause Contagion Effect on Regional Banks
The Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) are currently facing a crucial decision that could affect the future of Silicon Valley Bank
US Fed Establishes Crypto Task Force to Address Risks of Unregulated Stablecoins
The United States Federal Reserve is stepping up its efforts to keep pace with the ever-evolving cryptocurrency industry by establishing a dedicated team of experts.
Authorities Confiscate FTX Executive’s $3.7 Million Island Abode
Nishad Singh, FTX’s former Lead Engineer, made headlines last October when he purchased a $3.7 million vacation home on the San Juan Islands. The sprawling
SBF Lawyers Request Delay in October Trial Due to Insufficient Evidence
Attorneys representing Sam Bankman-Fried (SBF), the founder of crypto exchange FTX, have suggested that a delay of his upcoming criminal trial may be necessary. SBF’s
SWIFT Moves Forward with CBDC Pilot After Successful Initial Phase
In a statement released on Thursday, interbank messaging company SWIFT has announced that its project to interconnect central bank digital currencies (CBDCs) has shown “clear
US Government Sends $200 Million Worth of Bitcoin to Coinbase
The US government has transferred a significant amount of Bitcoin ($BTC) to Coinbase, a Nasdaq-listed cryptocurrency trading platform, according to data from the cryptocurrency’s blockchain.
Transform Ventures expands blockchain investment portfolio with $100M holding company launch
Transform Ventures and Alpha Sigma Capital have co-invested in a new holding company called Alpha Transform Holdings (ATH), which aims to accelerate blockchain investment and
European Commission Tackles Monopolies in the Metaverse for a Healthier Digital Economy
The digital revolution has brought about both opportunities and risks for everyone. While technological advancements have created new markets and streamlined processes, regulators have struggled
Esports Powerhouse TSM Partners with Avalanche to Launch Groundbreaking Gaming Subnet
Last year, esports powerhouse Team SoloMid (TSM) found itself in the midst of a fallout with FTX, a centralized crypto-endemic partner. However, TSM has not
CoinGate Integrates Binance Pay for Convenient Crypto Transactions
CoinGate, the well-known cryptocurrency payment processor, has recently partnered with Binance Pay, allowing businesses to accept payments from Binance Pay users. The integration of Binance
Coinbase Takes Heat for Not Restoring Customer Trust After Security Breach
Coinbase exchange is embroiled in a dispute with a hacking victim over a security breach that resulted in customer losses. The incident occurred in May
MyAlgo Issues Renewed Withdrawal Warning in Light of Algodex’s Disclosure of Malicious Wallet Breach
Algorand-based wallet provider MyAlgo has once again urged its users to withdraw their funds following a security breach in February that appears to remain unresolved.
Terraform Labs and Its Founder Do Kwon Subject to Investigation by Singapore Police
The founder of Terraform Labs, Do Kwon, is currently on the run from authorities around the world, as his legal woes deepen. The Singapore Police