Binance Swaps $1 Billion Industry Recovery Funds to BTC, ETH and BNB
The Binance Industry Recovery Initiative wallet held 985,088,975.25 BUSD.Binance converted BUSD to USD through Uniswap at 05:31:47 UTC on March 13.With the failure of crypto-friendly institutions and the depeg events…
Coinbase Reveals $240M Exposure to Closed Signature Bank.
Paxos disclosed a $250 million holding at Signature Bank. Coinbase said that it anticipates a complete recovery of the monies.Many cryptocurrency firms announced on Twitter if they were impacted by…
Court Of Appeal Reserves Judgment On The Osun Governorship Appeal.
The Appeal Court on Monday, reserved judgement to decide on the case by Senator Ademola Adeleke challenging the decision of an election petition tribunal which nullified his victory in the…
HSBC Recently Purchase Distressed Silicon Valley Bank in UK
HSBC Acquires Recently Closed Silicon Valley Bank UK BITCOIN NEWSPurchasing SVB UK is a smart strategic move for the company in the UK as per Quinn.SVB was privately sold to…
Rich Dad Poor Dad Author “Robert Kiyosaki” Warns of Another Bank Crashing Amid Recent Fallout
Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in 1997. In February, he predicted that Bitcoin will be worth $500,000 by the year 2025.Robert Kiyosaki, author of…
An Indian Student Commited Suicide After He Was Scammed Via Crypto Investment
The victim was a second-year B.Com student in the Indian city of Lucknow.After hearing the company’s assurances of profits, the student sent over $4,200 in BTC.When it comes to cryptocurrency,…
Bitcoin Price Climb Back to $22000 Sign of Recovery?
Bitcoin price surged over 9% in a day.Federal Reserve decided to restore all deposits at the bankrupt Silicon Valley Bank.The largest cryptocurrency, Bitcoin ($BTC), starts the week with significant price…
USDC Back on Track as Circle Announces Corporate Resources Backing.
Circle has pledged to back its stablecoin with corporate resources if required.The stablecoin is gradually recovering to trade at $0.95 at the time of writing.Circle, the company behind the USDC,…
Silicon Valley Bank UK Closed by Bank of England
The bank liquidators would be responsible for handling the remaining SVB UK assets.Major blockchain VCs had over $6 billion in assets with the bankrupt financial firm.In a statement made on…
MakerDAO Devises Emergency Plan To Safeguard DAI Stablecoin
The value of DAI, a stablecoin tied to the U.S. dollar, fell to an all-time low of $0.88.The stablecoin issuer has recommended similar measures for DeFi protocols.MakerDAO has developed a…