Cryptocurrency news
Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound
Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21). Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition. HSBC of...
Breaking: Bitcoin slips under $20K amid Biden budget, Silvergate collapse
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level. Bitcoin BTC $19,938 briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Bid...
Crypto Bank Silvergate Announces 'Voluntary Liquidation'
The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions from its auditors. Crypto-friendly Silvergate Bank will "voluntarily liquidate" its assets and wind down operations, its holding company, Silvergate Capital Corp. (SI...
89% still trust centralized custodians despite 2022’s collapses: Survey
A January survey from Paxos found that 89% of respondents still trusted “intermediaries” to hold their crypto, despite the collapses and bankruptcies last year. American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Pa...
Coinbase CEO hints its new layer-2 network could include AML measures
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out Anti-Money Laundering checks. Coinbase CEO Brian Armstrong has hinted that the firm’s new layer-2 blockchain network Base may be subjected to transaction monitoring and Anti-Money...
Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko
"NFTfi,” on-chain derivative platforms, decentralized stablecoins and Ethereum L2s are four investment opportunities being looked at closely by one crypto investment firm. Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% fro...
Robinhood Wallet rolls out on iOS with Android support to follow
The full launch and removal of the 1 million waitlisted users come six months after Robinhood launched its beta version in September. Trading platform Robinhood has launched its Web3 wallet on Apple’s App Store, becoming available to iOS users in over 130 countries. Robinhood s...
Goldman Sachs still open to crypto hires amid massive 3,200 staff cut
Goldman Sachs’ digital asset lead Mathew McDermott said the bank remains “hugely positive” on exploring blockchain applications. Goldman Sachs’ digital assets unit is reportedly open to bolstering its 70-strong team, despite a massive cost-cutting exercise at the firm last month...
Bitcoin core dev calls out ‘misleading’ auction selling his code as an NFT
Bitcoin core developer Luke Dashjr has called out the sellers behind an NFT auction for using his name and code without his knowledge or consent. One of the original core developers behind Bitcoin BTC$23,373, Luke Dashjr, has taken to social media to call out an auction site...
Lido Finance activates staking rate limit after more than 150,000 ETH staked
Lido Finance had to activate its safety feature — staking rate limit — after over 150,000 ETH was staked in a single day. Liquid staking protocol Lido Finance activated a protocol safety feature called “staking rate limit” after more than 150,000 Ether ETH$1,638 was staked w...