Trading volume of nonfungible tokens (NFT) took a massive hit after the collapse of Silicon Valley Bank (SVB) last week as traders fled the market fearing the repercussions of the main bank of the United States going on. According to…
USDC stablecoin investors panicked when Circle declare exposure to shuttered banks, and the latest report Circle USDC reserves and evidence from Deloitte, a global auditing firm, confirms the connection. However, in a recent development, Circle is reporting that it has…
The collapse of Silicon Valley Bank saw investors open their wallets with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEX) to decentralized exchanges (DEX). Outflows from centralized exchanges often spike when the market is in…
When it comes to SaaS companies, Salesforce is the creme of the crop. The CRM software firm is focused on a set of tools that standardize customer engagement for large companies, and is now adding NFT to its scope, in…
Decentralized autonomous organization (DAO)-operated golf startup LinksDAO has become the new owner of Spey Bay Golf Club in Scotland after successfully winning a bid to buy the listed course for just over $900,000. After winning the bid, DAO has signed…
After issuing a Wells Notice from the Securities and Exchange Commission (SEC) against the issuer of Binance USD (BUSD) Paxos, the stablecoin has taken a hit in the market. Market capitalization fell rapidly as the company was ordered to stop…
Our weekly news from East Asia organizes the most important industry developments. Chinese billionaire arrested in US for $1B financial fraud According to an announcement published by the US Department of Justice (DOJ) on March 15, Chinese Billonaire Ho Wan…
The financial giant will now allow its customers to trade bitcoins, although they will not be able to withdraw them into their own custody. Fidelity Investments customers can now buy bitcoins through brokers. The Fidelity Crypto platform, first opened to…
Amid the instability in the US banking sector, the United States Federal Deposit Insurance Corporation (FDIC) is reportedly now making a decision against the crypto industry. According to a report published on Wednesday evening, potential buyers of the crypto-friendly Signature…
The target date for the highly anticipated Shanghai hard fork on Ethereum has now been set: April 12th. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. The Shanghai mainnet…