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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
Justin Sun confirmed a transfer of $100 million in USDC to Huobi exchange

Justin Sun Commits $100 Million to Create Huobi Liquidity Fund through USDC Transfer

Huobi has created a $100 million liquidity fund to protect against sudden drops in the HT token’s value. This move came in response to a

March 10, 2023
Hedera Mainnet Breached, Service Tokens Stolen in Recent Exploit

Hedera Hashgraph Confirms Smart Contract Exploit Leading to Theft of Liquidity Pool Tokens

Hedera, the team behind the distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has resulted in the theft

March 10, 2023
Huobi Token (HT) experienced a sudden flash crash in the early hours of March 10

Huobi Token Crashes 93% in Minutes, Justin Sun Cites Market Fluctuations and Forced Liquidations

Huobi Token (HT) experienced a sudden flash crash in the early hours of March 10, dropping from around $4.70 to below $0.40 in just minutes.

March 10, 2023
New Crypto Team Established by US Fed to Tackle Growing Stablecoin Concerns

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.

March 10, 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
FTX’s former Lead Engineer

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

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
Biden Administration Takes Aim at Cryptocurrency Industry with New Tax and Regulatory Measures

US Government Looks to Increase Revenue with Proposed 30% Tax on Crypto Mining

The Biden administration has recently proposed a new tax on cryptocurrency miners and the elimination of tax-deductible losses related to wash-trading of crypto tokens. This

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
Sam Bankman-Fried's Criminal Trial Delay May Be Necessary, Says Attorneys

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

March 10, 2023
Binance Charity Donates $100,000 in Georgia to Empower Women through Web3 Education

Binance Charity Donates $100,000 in Georgia to Empower Women through Web3 Education

Tbilisi, Georgia, 8th March, 2023 In celebration of International Women’s Day,  Binance Charity,  the philanthropic arm of Binance, the world’s leading cryptocurrency and blockchain infrastructure provider,

March 9, 2023
FTX Sells Sequoia Interest to Abu Dhabi's Investment Arm for $45M

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

March 9, 2023
Biden Administration Cracks Down on Crypto Tax Evasion Tactic.

Biden Administration Aims to Close Crypto Tax Loss Harvesting Loophole

U.S. President Joe Biden has proposed a budget that aims to close tax loss harvesting on crypto transactions, a move that could raise up to

March 9, 2023
Indian Crypto Community Hails Govt's Steps to Tackle Money Laundering

Indian Crypto Community Backs Govt’s Fight Against Money Laundering

The Indian government’s recent move to bring the crypto sector under the Prevention of Money Laundering Act (PMLA) has sparked a discussion on whether this

March 9, 2023
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