Silicon Valley Bank Shutdown Sends Shockwaves Through Tech Industry
One of the biggest bank failures in the history of the United States occurred on a Friday, as federal regulators shut down Silicon Valley Bank (SBV). It was a major lender to the technology industry and its collapse sent shockwaves throughout the industry. Earlier in the week, SVB had attempted to raise $1.75 billion, but […]
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 […]
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 […]
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 […]
Facebook Parent Company Meta Exploring Decentralized App: Report
Meta, the parent company of Facebook, is reportedly working on a new decentralized text-based app. According to a report by Tech Crunch, the platform will be developed as a standalone product that allows users to share text updates. The app is still under development and is currently referred to as P92 as its codename. Meta […]
Ethereum Price Nosedives and Signals A Larger Degree Decline
Ethereum is a decentralized, digital currency that has been around since 2015. It is based on a blockchain technology, similar to bitcoin, but with some differences. In recent days, the price of Ethereum has taken a hit, with reports indicating that it has plunged by over 8%. This article will take a closer look at […]