FDIC sells Signature Bank deposits to Flagstar in latest banking deal
Flagstar Bank, a subsidiary of New York Community Bancorp, has agreed to purchase $38.4 billion worth of non-cryptocurrency-related deposits and $12.9 billion in loans from
Article written by Robin Sean
Salesforce and Polygon Unveil Game-Changing NFT Management Platform
Salesforce, a leading CRM software company, has announced a new partnership with the Polygon blockchain to add NFTs to their suite of tools. This move
Bitcoin Reaches $26,000 Following the Collapse of SVB
Bitcoin has surged to a nine-month high of $26,533, marking its fourth consecutive day of gains. The cryptocurrency appeared to benefit from global market chaos
Euler Finance Halts Vulnerable Module, Works to Restore Lost Funds
On March 13, Euler Finance, a decentralized finance (DeFi) lending protocol, fell victim to a flash loan attack, resulting in the largest crypto hack of
Ark Invest Boosts Block Holdings with $6.4 Million Investment
Cathie Wood’s Ark Invest has invested approximately $6.4 million in 92,165 Block shares across three funds. The firm purchased 77,991 Block shares for its Ark
EU Authorities Push for Wider Adoption of Digital Euro Among Merchants
EU Merchants may soon be required to accept the digital euro as legal tender, paving the way for a potential shift towards a cashless society.
Crypto Whales and Sharks Add $821 Million Worth of Bitcoin to Their Holdings in Just One Week
Crypto analytics firm Santiment has revealed that despite Bitcoin (BTC) plunging below $20,000 last week, two key investor cohorts, Bitcoin whales and sharks, have been
TrueUSD Reports Minor Impact from Signature Bank Closure on Userbase
On Monday morning Asia time, TrueUSD stablecoin, announced that it has paused minting and redemption for users with Signature Bank. However, the rest of its
IMF Alerts G-20: Crypto Usage Can Pose Challenges for Banks
The International Monetary Fund (IMF) has raised concerns about the widespread proliferation of crypto assets and the potential impact on banks. In a report titled
Regulators Scramble to Sell Silicon Valley Bank’s Assets Amid Bank Run
Silicon Valley Bank’s recent closure has sent shockwaves throughout the tech industry as regulators work to sell its assets over the weekend. The Federal Deposit
U.S. Department of Justice Takes Action Against Voyager-Binance.US Deal
The U.S. Department of Justice (DOJ) has filed an appeal challenging the recent decision by a New York bankruptcy judge to approve Binance.US’s billion-dollar plan
Hedera Blockchain Faces Technical Challenges, HBAR Foundation Warns
The HBAR Foundation, responsible for the Hedera blockchain, has confirmed reports of technical irregularities that are affecting various Hedera decentralized applications (dApps) and their users.
FTX Closes $45M Deal to Sell Sequoia Stake to Abu Dhabi’s Investment Arm
FTX’s investment arm, Alameda Research, has announced a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth
SOL Whales Transfer More Than $60 Million to Coinbase
A group of massive Solana whale wallets recently transferred more than $60 million worth of $SOL to the Nasdaq-listed cryptocurrency exchange Coinbase in a series
SEC Faces Tough Questions During Grayscale’s Bitcoin ETF Appeal Hearing
On March 7th, the District of Columbia Circuit Court of Appeals presided over the first appeals hearing regarding the SEC’s rejection of Grayscale Investments’ spot
Digital Yuan App and WeChat Pay Collaborate for Speedy Payment Solutions
The integration of the digital yuan app into WeChat Pay is a significant move for the central bank, as it strives to compete with the