Silicon Valley Bank Contagion: Crypto Companies Affected Include BlockFi, Circle, Avalanche
BlockFi, Circle, Avalanche, Yuga Labs, and Proof are among the crypto names that had exposure to now-shuttered Silicon Valley Bank.
Circle calls on Congress to urgently pass stablecoin legislation amid SVB crisis
Stablecoin issuer Circle is calling on Congress to quickly push through regulations after the firm's USDC broke its peg to the dollar over the weekend amid uncertainty on its deposits parked at Silicon Valley Bank.
Cathie Wood Explains Why Crypto is Gaining During Bank Crisis
Ark Invest's Cathie Wood has been saying all along that certain characteristics of cryptocurrency make it a good bet for the future. In a series of tweets she wrote the evening of March 22, she details her views on some specifics of the ongoing situation
USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses
USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
CoinMarketCap News, Mar 13: Bitcoin's Rally Hides an Uncomfortable Truth
The crypto industry's medium and long-term problems got far worse on Sunday.
Cathie Wood Spells Out Why Crypto is Gaining During Bank Crisis
Ark Invest's Cathie Wood has been saying all along that certain characteristics of cryptocurrency make it a good bet for the future. In a series of tweets she wrote the evening of March 22, she details her views on some specifics of the ongoing situation
Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley Bank
The stablecoin company's announcement comes after startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financial crisis, roiling global markets and stranding billions of dollars belonging to companies and investors. Traders
The Banking Crisis Is Not Crypto’s Fault
Crypto might have a banking problem, but banks don’t have a crypto problem.
Apps, crypto, and even Starbucks cards: Deposit fragmentation has been on a decade-long mission to bring down banking–and it’s not done yet
Even retail apps like Starbucks, Chick-fil-A, online gaming apps, and many others are siphoning funds away from traditional banks.
Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears
Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds.
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Cathie Wood’s ARK reportedly ‘first in line’ for a spot Bitcoin ETF
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
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Dogecoin Whales Fill Up Their Bags As Price Rallies – How Much DOGE Did They Buy?
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
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Solana Surging Ahead Of Ethereum In This Particular Metric
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
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DOGE Day Afternoon: Open Interest Breaks $2 Billion, Setting New Records
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
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12-Year Bitcoin Slumber Ends: Whales Signal Stormy Seas Ahead
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
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Tornado Cash Co-Founder Seeks To Dismiss Charges – Details
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
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Prisma Finance Hacker Continues On-Chain Tirade Following $11 Million Heist
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
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Bybit’s MVP license in Dubai ‘very restricted,’ CEO says
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
