Chinese billionaire’s $1B fraud charges, Kwon’s $11M bet, Zhu Su and Islam: Asia Express
Chinese billionaire using crypto to fight communism charged over $1 billion fraud, Do Kwon’s $11M bet comes due, Zhu Su...
Month: March 2023
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners....
Orca DEX to block US users from trading with its interface
The company said U.S. traders would still be able to make swaps by directly interacting with Orca’s smart contracts, however....
US lawmaker suggests Signature’s collapse was tied to instability of crypto
Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service...
MakerDAO passes proposal for $750M increase in US Treasury investments
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure....
Swiss Bankers Association proposes deposit tokens to develop digital economy
A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been...
Bitcoin bears could face $440M loss in Friday’s options expiry
The bailout of Silicon Valley Bank provided a significant advantage to BTC bulls on the weekly $1.2 billion BTC options...
Ethereum Upgrade to Implement Beacon Chain Withdrawals Scheduled for April 12
During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade...
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply
The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley...
On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’...
Meta Announces 10,000 Layoffs in ‘Year of Efficiency’ Move; Singles Out AI Over Metaverse as ‘Largest Investment’
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be...
FTX influencers face $1 Billion class-action lawsuit over alleged crypto fraud promotion
The suit is led by Edwin Garrison and was filed against "FTX influencers," primarily on the YouTube platform. A class-action...
Shiba Inu community divided over allegations of code, chain ID plagiarism
"I just want to know why, we, a billion dollar project that paid $10m dollars to develop our layer 2,...
Blockchain Association seeks info from Fed, FDIC and OCC on ‘de-banking’ crypto firms
The association submitted Freedom of Information Act requests as part of an investigation into how regulators’ actions “improperly contributed” to...
10 industry leaders’ tips for regulators as they start to scrutinize NFTs
NFTs are a new asset powered by a new technology, so regulators will need to craft all-new solutions. Many outside...
