Sunday, April 2, 2023

Blockchain News

Hong Kong’s Crypto Firms Under Pressure After Banking Giants’ Fall

Crypto firms in Hong Kong face challenges after the fall of Signature Bank and Silvergate Bank. The local banks in the city are unwilling to...

Messari’s Ryan Selkis: “Crypto Won’t Die Under Federal Pressure”

Ryan Selkis recently highlighted the crackdown on crypto by federal agencies in the U.S. Selkis believes that the crypto industry will not succumb under Federal...

Three Major Crypto Firms are Victims of Signature Bank Debacle

Signature Bank has been shut down by the New York Department of Financial Services. Crypto firms like Coinbase, Celsius, and Paxos revealed their exposures to...

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...

Former Congressman Barney Frank Comments on Failure of Banking Giants

Barney Frank commented that cryptocurrency is an entity that regulators failed to reckon with in 2008. The former congressman's comment was rooted in the recent...

Morgan Creek Capital Pleads Government to Bail SVB; Says Analyst

Mr. Whale tweeted that Morgan Creek Capital was a large depositor at SBV. The tweeter added that Anthony Pompliano has been urging the government to...

Brevan Howard Acquires Dragonfly Capital’s Crypto Fund

Brevan Howard Asset Management has taken over a digital asset fund run by Dragonfly Capital. The takeover signals Brevan Howard’s push into the digital asset...

Wall Street Optimistic of US Jobs Data Despite Uptick in Claims

Wall Street predicts steady job growth and a lower unemployment rate for February. Nonfarm payrolls are expected to increase by 205k, with projected annual wage...

Block.one Exits its Silvergate Equity Position; Reports Say

Block.one announced that the company exited its Silvergate equity position. The decision was a result of Silvergate’s failure in filing the Annual Report. B1 added that...
 

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