New York Court Denies Request to Halt Binance’s Voyager Deal.
The court denied the government’s request to halt the Binance’s Deal. Judge Wiles confirmed that the current stay end on March 20.The District Court of New York denied the government’s…
USDC Operations Are Redeemed Post Circle Backlog Clearance
Circle team guarantees the removal of backlogs at USDC operations. Post the collapse of SVB, $3.8 billion USDC is redeemed so far.A recent update from the Circle team regarding USDC…
Swiss Central Bank Credit Suisse is in Crisis – What Bitcoin Holds?
Credit to borrow up to $54 billion from the Swiss National Bank. Bitcoin reached a 9-month high of the $26K price range.The inherent nature of the failure of Silicon Valley…
SHIB The Metaverse Becomes a Hit at SXSW 2023
SHIB booth at SXSW was a “popular spot in the hall”.John Richmond has set foot in the digital world to provide makeovers for avatars.Reports from SXSW 2023 conference in Austin…
Moody’s Lowers the Rating of Signature Bank After its Collapse.
Signature Bank was closed by the state regulators on March 12. Six other U.S. bank ratings are under review to downgrade.Credits rating agency Moody’s downgraded the debt rating of recently…
Silicon Valley Bank Collapse is Flashback of Lehman Brothers?
Silicon Valley recalls the Lehman Brothers failure.USD Coin price stabilized at a $0.9997 peg. Silicon Valley Bank (SVB), which had connections to big-shot international technology firms and venture capital, failed…
Bitcoin Breaches $26k Level as Crypto Market Rallies Post CPI Inflation.
The 12-month change in the core CPI rate was 0.5% higher in February, bringing it to 5.5%. Bitcoin finally surpassed the critical $26,000 price milestone.The value of Bitcoin (BTC), the…
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…