Abdulkarim Abdulwahab
FDIC Races to Liquidate Assets for Uninsured SVB Deposits by Monday
FDIC works around the clock to liquidate assets for uninsured customers’ deposits. Silicon Valley Bank has over $209 billion in assets and $175.4 billion in…
“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says
Binance CEO worries about USDT and USDC following US bank collapse. Emabattked Silicon Valley Bank has $209 billion in total assets. USDC has over $3…
FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB
The FDIC said depositors would have access to their insured deposits. Silicon Valley Bank has over $209 billion in assets and $175.4 billion in total…
Binance CEO Mocks Critics as Two US Banks Crumble within a Week
Changpeng Zhao mocked US critics as two banks became insolvent. During FUD, Binance processed over $14 billion within a week. Binance's spot volumes increased by…
US Judge To Decide if SBF Should Suffer Any Bail Restriction
A US court will determine the bail conditions of the FTX founder today. Previously, the court worried that SBF was communicating via untrackable means. FTX's…
BTC Will Hit $16,600 as Miners Mount More Pressure, CryptoQuant
Bitcoin has fallen below $19k in the last 24 hours. CryptoQuant said BTC miners have been reducing their reserves since January 21. The US government…
Huobi Token Drops by 93%, Rise 1,084% Ten Minutes Later
Huobi Global HT flash fell from $4.9375 to about $0.313. Data shows a $2M transaction was registered a few minutes before the crash. Huobi token’s…
China Parliament Member to Ask Govt to Illegalize NFT Speculation
Feng Qiya plans to propose NFT regulatory system at the annual Beijing meeting. It includes clamping down on NFT speculation to avoid financialization. Previously, China…
Crypto Lawyer Calls Out US Senator Brown for Anti-Crypto Bias
Crypto lawyer described US asset regulators as anti-crypto thugs. Senator Brown blamed Silvergate Bank's insolvency on crypto's volatility. A crypto enthusiast argued Silvergate’s case was…
Data Shows Binance Exchange Dominates 62% of Crypto Spot Market
Binance’s spot market share rose from 59.4% in January to 61.8% in February. The 24-hr trading volume of Binance exceeded $15B, while its closest rival…
