Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward
Mining a valid BTC block solo is so rare that the event has occurred only 270 times out of the 700,000 blocks produced in the last 13 years.
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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).
Binance.US, Alameda, Voyager Digital and the SEC — the ongoing court saga
Court cases involving the SEC and some major crypto industry enterprises — Voyager Digital, Alameda Research and Binance.US — have continued to progress in 2023.
Nissan files 4 new web3 trademarks, trials sales in the metaverse
Nissan has recently filed four new Web3 trademarks for its Infiniti, Nismo and Nissan brands.
Coinbase, Celsius and Paxos disclose funds in Signature Bank
The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm.
‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.
Biden vows to hold those responsible for SVB, Signature collapse
US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable."
OpenSea patches vulnerability that potentially exposed users’ identities
Cybersecurity firm Imperva found a vulnerability that could be used to leak user information such as email addresses and phone numbers, which has now been patched.
USDC bounces back toward $1 peg after Fed announcement
Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg.
Ripple CEO assures ‘strong financial position’ despite SVB collapse
In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations.
US Fed announces $25B in funding to backstop banks
The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues.
Breaking: Signature Bank closed by New York banking authorities
The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement.
Silicon Valley Bank collapse: Everything that’s happened until now
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days.
Bank of London bids to acquire Silicon Valley Bank's UK arm
The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB's British arm.
U.S. authorities preparing 'material action' to curb SVB contagion
The White House assessed the impact of Silicon Valley Bank's failure over the weekend with a keen attention to venture capital firms and regional banks.
How blockchain technology revolutionizes digital ownership?
Blockchain technology transforms digital ownership with secure and transparent ownership tracking. Explore how it establishes proof of digital ownership.
FDIC bidding for Silicon Valley Bank is in progress: Report
The FDIC has reportedly started an auction process on late Saturday for Silicon Valley Bank. Bids are open for just a few hours.
Watch these 5 cryptocurrencies for a potential price rebound next week
Bitcoin is trying to sustain above $20,000 and if it succeeds, ETH, MATIC, TON, and OKB may witness a strong recovery.
UK regulators moving “at pace” to deliver a 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.
U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report
Janet 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.
How and why do stablecoins depeg?
Discover the causes and mechanisms behind stablecoin depegging.
South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem.
Over 100 VCs, investors voice solidarity with Silicon Valley Bank
Approximately 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.
Bill Ackman warns US gov't: Fix mistake in ‘48 hours’ or face ‘destruction’
Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.
Silicon Valley Bank failure could trigger run on U.S. regional banks
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.
Silicon Valley Bank's UK branch shut down by Bank of England
Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a "pivotal" role in supporting startups.
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January.
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
According 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.