Meta Plans to Stop Support for NFTs on Facebook and Instagram.
According to Stephane Kasriel, the closure will enable the business to focus on other ways to support creators. Meta is also planning layoffs in the coming months.Just over a year…
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…
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,…
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…
Elon Musk Open to the Idea of Acquiring Struggling Silicon Valley Bank
Elon Musk Open to the Idea of Acquiring Struggling Silicon Valley Bank EDITORS NEWSElon Musk stated that he is open to the concept, which is an interesting reaction.Musk has articulated…
Stablecoin Firms Adapt to Changing Anti Money Landry Landscape in Crypto.
As the world of cryptocurrency and stablecoins continues to evolve and gain mainstream adoption, the importance of implementing effective anti-money laundering (AML) practices becomes increasingly crucial. By adhering to AML…
Bitcoin Price Reach $19000 Will the Decline Continue?
Price of BTC is in the $19K range whereas ETH is in the $1.4K range. The whole market is in panic as every other cryptocurrency is seen in red. Crypto…
JPMorgan Ends Relationship With Centralized Crypto Exchange?
Gemini and JPMorgan’s relationship is still intact.Crypto Market is under the weight of regulatory scrutiny.Leading crypto exchange Gemini stated on its official Twitter account that “Gemini’s banking relationship remains intact…
Emergency Action Filed Against BKCoin Over $100M Fraud by SEC
BKCoin collected almost $100 million from at least 55 investors.The defendants utilized over $3.6M in investor money to make Ponzi-like payments.For masterminding a $100M crypto fraud scheme, the U.S. Securities…