Blockchain.com started out as the first Bitcoin blockchain explorer back in 2011 and later expanded into wallet services, as well as hosting its own crypto exchange. Following years of growth, the company decided that 2022 was the year they would expand into asset management services. Unfortunately, the years of experience did not save the firm...Read More
According to a March 9 Fox Business report, the next salvo in Uncle Sam’s war on crypto could be a massive class action lawsuit filed on behalf of retail investors against top exchanges. The outlet reported that leading securities lawyer Tom Grady is preparing for potential litigation against America’s largest crypto companies, including Coinbase, Robinhood,...Read More
The United States Department of Justice (DOJ) has filed an appeal to review a New York judge’s decision to approve the sale of bankrupt crypto lender Voyager’s assets to the American affiliate of crypto exchange Binance in a $1 billion deal. According to a court document, the appeal was filed Thursday evening at the United...Read More
The embattled Silicon Valley Bank (SVB) has officially been closed down by the California Department of Financial Protection and Innovation, making for the second-largest bank failure in U.S. history. The Federal Deposit Insurance Corporation (FDIC) has been appointed as its receiver and will ensure all insured depositors gain full access to their funds by Monday,...Read More
Singapore / March 10, 2023 / Huobi has announced a $100 million Liquidity Fund with the aim of enhancing currency liquidity across several markets. The purpose of this action is to reinforce the seamless flow of liquid assets through the Huobi platform. By allocating these funds, Huobi intends to improve cross-border transactions involving diverse digital...Read More
Silicon Valley Bank (SIVB) is reportedly seeking external acquisition after its efforts to raise over $2 billion in capital have failed. Shares in the bank were down 62% in pre-market trading on Friday, for which trading has now been halted. According to CNBC’s David Faber, Silicon Valley Bank has “hired advisors to seek a sale,”...Read More
The internet is booming with meme-related content, and now these memes have taken the form of cryptocurrency. Shiba Inu (SHIB) and DigiToads (TOADS) have emerged as top-performing meme coins, introducing a new dynamic to the crypto universe and featuring memes as part of their design. Let’s examine the rise of these two coins and look...Read More
Decentralized proof-of-stake (PoS) blockchain Hedera finally confirmed a security breach. In an update, the team behind the platform revealed that attackers managed to exploit the Smart Contract Service code of the protocol’s mainnet to transfer Hedera Token Service tokens held by victims’ accounts to their own. It said the root cause of the issue has...Read More
Nishad Singh – FTX’s Lead Engineer – bought a $3.7 million vacation home in the San Juan islands last October. Now, the property has been seized by the U.S. government. The home – purchased roughly two weeks before FTX went bankrupt – is located on a wooded hill, and features six bedrooms, a lap pool,...Read More
