Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried…
Day: 16 March 2023
LinksDAO wins bid to buy its first golf course, says CEO
The successful bid comes a month after 88.6% of LinksDAO token holders voted in favor…
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…
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…
FTX influencers face $1B class-action lawsuit over alleged crypto fraud promotion
The suit is led by Edwin Garrison and was filed against “FTX influencers,” primarily on…
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…
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…
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,…
Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US
On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter…
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…
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…
After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender
The Nigerian central bank has said the recently demonetized ₦200, ₦500 and ₦1,000 banknotes will…
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…
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…
Ethereum core developers set April 12 for Shanghai hard fork
The upgrade will enable staked ETH withdrawals on the Beacon Chain, completing Ethereum’s transition to…
