Web3 Italia community publishes progress report and proposed Neo business development plan
Web3 Italia is a community-driven initiative focused on creating an Italian Neostarter pack for non-developer users. The project was proposed in response to a grant application by GrantShares, who provided the requested 2,500 NEO to the team in July 2022. The Web3 Italia team consists of three key members, each filling a core role such […]
Elon Musk Shows Interest In Buying The Troubled Silicon Valley Bank
On Friday, March 10, the California banking regulators announced the shutdown of the Silicon Valley Bank (SVB) Financial Group, marking the second bank to declare a shutdown after Silvergate Capital in a week’s time. The startup-focused lender has encountered a major crisis of existence and faces a bank run that caused it to be shut […]
USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
USDC Issuer Circle Awaits Clarity from FDIC on Silicon Valley Bank Collapse The world of cryptocurrency is often characterized by volatility and uncertainty. The stability and trustworthiness of stablecoins, a subset of digital currencies that are pegged to the value of a stable asset like the US dollar, have been a source of comfort for […]
SVB seized by FDIC, Signature bank falls in heavy trade as bitcoin breaks down
The recent collapse of Silicon Valley Bank (SVB) and Signature Bank has had a noticeable impact on global markets. While these banks may be niche and small in size, their failure and subsequent fallout could have wide-reaching consequences for the fintech industry and beyond. SVB’s Collapse On March 10th, after a failed attempt to raise […]
BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
The cryptocurrency markets have sold off sharply on March 9, with Bitcoin (BTC) leading the decline, as investor sentiment was hit by reports of woes at Silvergate Bank and Silicon Valley Bank, as well as a lawsuit filed by New York attorney general Letitia James against cryptocurrency exchange KuCoin. This news has increased uncertainty about […]
Lira to rally sharply and significantly on regime change in Türkiye – Wells Fargo
Rewrite and expand this content to 800 words Share: Turkish general elections are set to take place in Q2-2023. Economists at Wells Fargo analyze how the outcome of the presidential election could impact the Lira (TRY). TRY can hold steady if President Erdogan retains office “Should President Erdogan retain office, the Turkish Lira […]
Could Dogecoin (DOGE) make you a millionaire?
Dogecoin (DOGE), a meme cryptocurrency, has gained immense popularity in recent years, with its value skyrocketing several times and making many investors rich. However, like all cryptocurrencies, it has also been hit by the ongoing bearish market, which has affected its market capitalization, dropping below $1 trillion. Despite this, there are several reasons to believe […]
Janet Yellen: Treasury Department is monitoring ‘a few banks’ including SVB
The U.S. Treasury Secretary, Janet Yellen, has expressed concern over the troubles being faced by Silicon Valley Bank as it struggles to deal with significant losses. Speaking before the House Ways and Means Committee, Yellen acknowledged that the bank is currently going through a challenging phase, which could potentially have wider implications for the financial […]
SPAC Sunfire Acquisition has decided not to pursue a planned IPO
Sunfire Acquisition Corp. has recently decided not to move forward with its initial public offering (IPO), according to a regulatory filing made public on Friday. It is a special purpose acquisition vehicle (SPAC) that filed its registration document with the Securities and Exchange Commission (SEC) in May of 2022. Its founder, Alan H. Ginsburg, is […]
Aave (AAVE) DAO community voted to delist Paxos-issued Binance USD (BUSD) from Aave V2 Ethereum market
The Aave DAO community has voted to delist Paxos-issued Binance USD (BUSD) from Aave V2 Ethereum market. The decision was preceded by a proposal submitted by Mark Zeller, founder of the Aave Chain Initiative, in early March, seeking to discourage the use of BUSD. Mark Zeller’s concerns revolve around the regulatory risk associated with BUSD’s […]