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Market News

Whether you’re an investor, trader, or simply interested in the world of cryptocurrencies, our Crypto Market News category offers timely and insightful coverage to help you stay on top of this rapidly evolving industry.

future of Silicon Valley Bank and put trillions of dollars at risk

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

March 12, 2023
Samuel Rines warned that firms driving inflation

Economist Claims Corporate Greed Is Outpacing the Federal Reserve’s Attempts to Curb It

Corbu LLC’s Chief Economist Samuel Rines has warned that companies driving inflation by testing consumer tolerance to price increases could render hawkish Federal Reserve policy

March 11, 2023
KuCoin Faces Legal Action for Sale of Unregistered Securities in New York

KuCoin Faces Regulatory Backlash for Unregistered Securities Sale in New York

KuCoin, one of the largest crypto exchanges, is in trouble as it faces a lawsuit from the New York Attorney General’s office over the sale

March 10, 2023
The U.S. DOJ has filed an appeal challenging Binance acquisition of Voyager Digital

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

March 10, 2023
Zero-Knowledge Crypto Firm Proven Raises $15.8M in Initial Funding Round

Crypto Startup Proven Lands $15.8M in Seed Round Financing

Proven, a developer of zero-knowledge proofs (ZK) technology that helps exchange and asset management clients prove their solvency, has raised $15.8 million in a seed

March 10, 2023
SWIFT’s CBDC Interconnection Project Enters Second Phase

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

March 9, 2023
Thailand’s Finance Ministry

Uncertainty Lingers for Crypto in Thailand Despite Government’s Tax Incentives

Thailand’s Finance Ministry announced on February 7th that it would waive corporate income tax and value-added tax for firms conducting initial coin offerings (ICOs) for

March 8, 2023
CBDC Pilot Launched in Brazil, Public Access Scheduled for 2024

Brazil Introduces CBDC Pilot Program, Opening Up Public Usage by 2024

The Central Bank of Brazil has taken a significant step towards financial inclusion by launching its Central Bank Digital Currency (CBDC) pilot project. According to

March 8, 2023
FTX's Legal and Accounting Expenses Soar to Nearly $40M in Just One Month

FTX Legal and Accounting Team Rack Up $40M in Billable Hours in Just 30 Days

Bankruptcy lawyers representing embattled crypto exchange FTX have submitted an invoice for a staggering $38 million for their services. This comes as creditors are seeking

March 8, 2023
CoinGate Integrates Binance Pay to Streamline Crypto Transactions

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

March 8, 2023
SEC’s rejection of Grayscale Investments

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

March 8, 2023
Binance has received court approval to acquire Voyager Digital’s assets.

Binance.US Acquires Voyager Digital’s Assets After Defeating SEC Objection

Binance.US, the American subsidiary of Binance, has received court approval to acquire Voyager Digital’s assets. The SEC had filed a limited objection to the acquisition

March 8, 2023
The Silvergate bank run has created a ripple effect in the crypto industry, with investors seeking alternative options to protect their assets.

Silvergate Bank Run Triggers Rush to Stablecoins Among Crypto Enthusiasts

The Silvergate bank run has created a ripple effect in the crypto industry, with investors seeking alternative options to protect their assets. One of the

March 7, 2023
WeChat Pay Integration on Digital Yuan App for Swift Payments

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

March 7, 2023
Argo's Bitcoin Mining Success Defies Growing Difficulty

Argo Overcomes Bitcoin Difficulty Hike to Boost Mining Output

Publicly-listed Bitcoin mining company, Argo Blockchain, has announced a significant increase in daily BTC production despite a sharp spike in network difficulty. In February, Argo

March 7, 2023
Binance has contributed more than $2 million to women

Binance Vows to Fund Web3 Education Programs for Women

Binance, the world’s largest cryptocurrency exchange by trading volume, is recommitting to increase the number of women engaged and employed in the Web3 industry this

March 7, 2023
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