Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Crypto exchange Coinbase reinstated USDC/USD conversions on Monday after turbulence over the weekend.Circle previously halted stablecoin minting after troubles in the U.S. banking system involving major banks like Silicon Valley Bank an...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Euler Finance was drained of DAI tokens, staked Ether, USDC, and wrapped Bitcoin after a flash loan attack.On-chain security firms BlockSec and Peckshield said losses from the exploit were over $190 million in cryptocurrencies.The DeFi...
Cryptocoins News / EthereumWorldNews - 1 year ago
Circle CEO Jeremy Allaire has stated that USDC will be supported through external capital if necessary.& The Circle executive revealed that the company had initiated a transaction to transfer $3.3 billion out of Silicon Valley Bank.& Allaire...
Cryptocoins News / EthereumWorldNews - 1 year ago
The collapse of Silicon Valley Bank has jolted the entire crypto industry.& USD Coin issuer Circle’s $3.3 billion exposure to the bank has caused the stablecoin to lose its peg.& USDC fell as low as $0.87 earlier today as holders rushed to r...
Cryptocoins News / EthereumWorldNews - 1 year ago
Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation.The FDIC-insured crypto-friendly bank was shut down by the banking regulator due to inadequate liquidity and insolvency.Trading of the bank’s...
Cryptocoins News / EthereumWorldNews - 1 year ago
Blockchain.com is shutting down its London-based crypto asset management firm.& The firm has filed an application with the Companies House to have its name struck off the UK companies register.& The asset management division’s closure comes...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Judge Michael Wiles approved Voyager’s sale to Binance.US for $1.02 billion 24 hours before the government’s appeal.The Trustee’s office of the U.S. Justice Department filed an appeal against the deal late on Thursday.So far, Bina...
Cryptocoins News / EthereumWorldNews - 1 year ago
Inter-bank messaging system SWIFT is set to go ahead with the second phase of CBDC testing.& The decision was made after positive results in a test run that linked CBDCs from different central banks.& The 12-week test run saw participation f...
Cryptocoins News / EthereumWorldNews - 1 year ago
Marc Zeller’s proposal to offboard Binance USD (BUSD) stablecoin from Aava’s V2 lending and borrowing market on Ethereum garnered massive support from the Aave community.The action plan aims to “reduce the amount of liquidity in BU...
Cryptocoins News / EthereumWorldNews - 1 year ago
FTX has reached a deal to sell its stake in venture capital firm Sequoia capital.& The stake will be sold to Abu Dhabi’s investment arm for $45 million.The liquidators of the bankrupt crypto exchange are seeking the judge’s approval for the sale...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Defunct Bitcoin exchange Mt. Gox pushed back the deadlines for claims registration and repayment yet again.The rehabilitation trustee Nobuaki Kobayashi announced April 6 as the new date for claims registration.The repayment timeline was...
Cryptocoins News / EthereumWorldNews - 1 year ago
Silvergate Capital’s share price slumped more than 11% earlier today.& Officials from the U.S. Federal Deposit Insurance Corp are currently in talks with the crypto bank.& The federal regulator and the bank’s management are discussing ways t...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: JP Morgan will no longer offer banking services to crypto exchange Gemini, CoinDesk reported citing sources familiar with the matter.The bank’s decision to cut ties with a crypto business is the latest in the so-called exodus of p...
Cryptocoins News / EthereumWorldNews - 1 year ago
Stargate Finance’s native token STG has tanked more than 9%.& The token went down after Coinbase announced that it would delist it by 14 March.& The announcement of the delisting comes ahead of STG’s migration to V2.& Coinbase stated tha...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Mt. Gox rehabilitation trustee Nobuaki Kobayashi reminded creditors to file registration claims before the Mar. 10 deadline.The deadline was extended from January to March at the start of 2023, along with the repayment deadline.Creditor...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: A Seychelles court approved the restructuring plan submitted by embattled crypto exchange CoinFLEX.Trading for locked assets like LUSD and LETH remain halted until 24 hours after the court issues a written order expected later this week...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Thailand’s lawmakers approved a tax exemption for firms that issue digital tokens for investments.The cabinet agreed to waive corporate income tax for such companies and value-added tax for investors, Finance Minister Arkhom Termpittaya...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Babel Finance plans to repay creditors with a two-prong approach – a decentralized finance platform and a crypto-backed stablecoin token. The troubled crypto lender could soon move to keep creditors at bay by filing a six-month mo...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Singapore’s police disclosed an ongoing investigation into Do Kwon’s blockchain company and Luna developer Terraform Labs.The company is the subject of several probes by South Korean authorities and US regulators.Interpol and Sout...
Cryptocoins News / EthereumWorldNews - 1 year ago
Binance chief Changpeng Zhao has reiterated his support for the acquisition of Voyager Digital.& The Securities and Exchange Commission objected to the deal during a recent court hearing.& The SEC faced criticism from a U.S. bankruptcy judge...
Cryptocoins News / EthereumWorldNews - 1 year ago
Two exchange-traded funds tracking the stock recommendations of Jim Cramer have gone live.& One of them is an inverse ETF which shorts the stock picks made by the Mad Money star.& The Long Cramer Tracker ETF backs the stock recommended by Cr...
Cryptocoins News / EthereumWorldNews - 1 year ago
Coinbase Global Inc. has purchased One River Digital Asset Management.One River is a digital asset management firm that caters to institutional clients.& The crypto exchange is looking to tap into institutional demand by acquiring the digital as...
Cryptocoins News / EthereumWorldNews - 1 year ago
Nationwide Building Society has imposed a daily limit of £5,000 on debit-card purchases of crypto assets.& U.K’s largest bank HSBC has banned its customers from purchasing& & with credit cards.& The banks have cited warnings issued b...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Ethereum developers agreed to test the Shanghai or Shapella update on Goerli on March 14.Goerli marks the largest and final public testnet to mimic withdrawals for staked Ether before the upgrade goes live on ETH’s mainnet.Develop...
Cryptocoins News / EthereumWorldNews - 1 year ago
U.S. Senators Elizabeth Warren, Chris Van Hollen, and Roger Marshall recently penned a letter to Binance chief Changpeng Zhao.& The letter claimed that the crypto exchange was a hotbed of illegal financial activity.& The lawmakers accused th...
