FDIC bidding for Silicon Valley Bank is in progress: ReportThe FDIC reportedly started an auction process late on March 11 for Silicon Valley Bank. Bids were to be open for just a few hours.Mar 12, 2023Ana Paula Pereira
Watch these 5 cryptocurrencies for a potential price rebound next weekBitcoin is trying to sustain above $20,000 and if it succeeds, ETH, MATIC, TON and OKB may witness a strong recovery.Mar 12, 2023Rakesh Upadhyay
UK regulators moving ‘at pace’ to deliver plan for tech firms hurt by SVB collapse An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom.Mar 12, 2023Ana Paula Pereira
US Treasury Secretary Yellen working on SVB collapse, not a bailout: ReportJanet Yellen said in an interview on March 12 that U.S. regulators are working to address Silicon Valley Bank collapse, but not considering a major bailout.Mar 12, 2023Ana Paula Pereira
How and why do stablecoins depeg?Discover the causes and mechanisms behind stablecoin depegs.Mar 12, 2023Dr. Guneet Kaur
South Korea launches ‘Metaverse Fund’ to expedite domestic initiativesWith the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem.Mar 12, 2023Arijit Sarkar
Over 100 VCs, investors voice solidarity with Silicon Valley BankApproximately 125 VCs and investors signed a statement supporting Silicon Valley Bank to limit the fallout of the bank’s collapse and the subsequent impact on tech companies.Mar 12, 2023Arijit Sarkar
Fix mistake in ‘48 hours’ or face ‘destruction’ — Bill Ackman warns governmentBillionaire Bill Ackman said that SVB’s senior management made a “basic mistake” and should be fired.Mar 12, 2023Ciaran Lyons
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins — CZGiven Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.Mar 12, 2023Arijit Sarkar
Silicon Valley Bank failure could trigger run on US regional banksA petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.Mar 12, 2023Ana Paula Pereira
Silicon Valley Bank’s UK branch shut down by Bank of EnglandHowever, several UK venture capital firms have come out in support of the shuttered firm, stating it plays a "pivotal" role in supporting startups.Mar 12, 2023Ciaran Lyons
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discountSeveral USDC holders have fled to other stablecoins amid fears surrounding its solvency.Mar 12, 2023Ana Paula Pereira
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate fundsAccording to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,“ enabling USDC redemption at 1:1 with the U.S. dollar.Mar 11, 2023Ana Paula Pereira
Aave freezes stablecoin trading on v3 Avalanche as activity surges on CEXsThe trading freeze follows an analysis from DeFi’s risk manager firm Gauntlet Network considering different scenarios for the USD Coin price.Mar 11, 2023Ana Paula Pereira
USDC slowly repegs on unconfirmed reports of SVB resolutionAccording to insiders, 50% of uninsured deposits will be paid out by next week.Mar 11, 2023Zhiyuan Sun
ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launchCosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.”Mar 11, 2023Nivesh Rustgi
Curve Finance trading volume reaches $7B historic high after USDC depegThe DeFi protocol experienced record-breaking daily trading volume after the USDC depeg as crypto whales fight for assets.Mar 11, 2023Ana Paula Pereira
Failed tech bank SVB held over $5B for prominent crypto VCs: ReportIt is unclear how much assets custodied on behalf of crypto VCs are stuck in Silicon Valley Bank.Mar 11, 2023Zhiyuan Sun
How to host a decentralized websiteExplore decentralized web hosting and how it distributes data securely across a network of nodes.Mar 11, 2023SK Arora
Crypto whales suffer huge losses due to USDC depeg, SVB collapseThe depegging of the USDC stablecoin has affected other stablecoins, wreaking havoc on crypto projects and stakeholders in a massive chain reaction.Mar 11, 2023Zhiyuan Sun
Banks down? That is why Bitcoin was created, crypto community saysThe Silicon Valley Bank collapse on March 10 has sparked fear, uncertainty and doubt across the crypto community.Mar 11, 2023Ana Paula Pereira
Aavegotchi bonding curve closes on exact day of DAI depegThe DAI stablecoin supported the price of GHST for over two years.Mar 11, 2023Zhiyuan Sun
Ethereum layer-2 solutions may focus less on token incentives in the futureToken incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization?Mar 11, 2023Rachel Wolfson
MakerDAO files emergency proposal addressing 3.1B USDC exposure“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says MakerDAO.Mar 11, 2023Zhiyuan Sun
Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go? Bitcoin recovers from the USDC’s depeg from the U.S. dollar.Mar 11, 2023William Suberg
What is ethical hacking, and how does it work?Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized access.Mar 11, 2023Dr. Guneet Kaur
Circle’s USDC instability causes domino effect on DAI, USDD stablecoinsFollowing USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar.Mar 11, 2023Arijit Sarkar
USDC investor shells out $2M to receive $0.05 USDT trying to evade crashWhile the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk away with their funds amid the uncertainty.Mar 11, 2023Arijit Sarkar
Sen. Warren calls out ‘sham audits’ while SVB threatens crypto bankruptcyContrasting Warren’s statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank.Mar 11, 2023Arijit Sarkar
Coinbase reiterates that staking services will continue, despite SEC crackdown Despite the SEC looking to crack down on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its services will continue.Mar 11, 2023Brian Quarmby