Taiwan’s Crypto Industry Welcomes Regulatory Announcement
[Mar 19, 2023 11:45 PM] FSC chairman confirms that the island’s top financial watchdog will regulate crypto.
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Microsoft Is Testing an Ethereum Wallet in Its Edge Web Browser
Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K
[Mar 19, 2023 8:32 PM]
First Mover Asia: Bitcoin Is Being Made Great Again
[Mar 19, 2023 7:21 PM] ALSO: Bitcoin’s surge over the past week reflects a "flight to quality," but liquidity remains an issue.
Signature Bank Non-Crypto Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC
[Mar 19, 2023 6:04 PM] The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., as of Monday.
Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen
[Mar 18, 2023 11:30 PM] General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based…
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
[Mar 18, 2023 2:30 PM] After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to…
Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains
[Mar 18, 2023 12:30 PM] At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in…
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
[Mar 18, 2023 8:30 AM] According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its…
Polygon Partners With Salesforce for NFT-Based Loyalty Program
[Mar 17, 2023 4:58 PM] Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies.
FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy
[Mar 17, 2023 3:56 PM] The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers.
‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change
[Mar 17, 2023 2:30 PM] At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many…
Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish
[Mar 17, 2023 1:33 PM] The computer gaming firm supports royalties and by removing them, it would only “send the industry backwards, co-founder Yat Siu, said.
Coinbase Potentially Looking At Launching An Overseas Exchange: Report
[Mar 17, 2023 1:19 PM] The largest cryptocurrency exchange in the United States may be looking at opening operations elsewhere.Coinbase has reportedly been in talks with institutional investors about opening up an overseas cryptocurrency exchange.According to sources…
Meta’s NFTease and AI’s Impact on Web3
[Mar 17, 2023 1:00 PM] Meta Platforms announced it was ending its support for NFTs after less than a year from its initial test program. The move is a setback for Web3 creators who use social media to promote their art and interact with their community – and signals that…
Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed
[Mar 17, 2023 12:59 PM] But instead, the firm did not provide reliable and consistent data, creating a significant crisis of confidence in the bank’s leadership, Maria Vullo, previously a superintendent at the government department, told CoinDesk TV’s “First Mover.”
BlackRock CEO Larry Fink Describes Digital Assets’ Advancement In Annual Shareholder Letter
[Mar 17, 2023 11:38 AM] Billionaire Larry Fink has been keeping an eye on the advancement of digital assets, according to his recent shareholder letter. In an annual shareholder letter sent by BlackRock CEO Larry Fink, Fink described how the digital assets industry has…
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
[Mar 17, 2023 10:30 AM] On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB)…
Coinbase Is Weighing Setting Up Non-U.S. Trading Platform: Bloomberg
[Mar 17, 2023 10:28 AM] U.S.-based crypto exchange Coinbase is considering setting up a crypto-trading platform overseas and is discussing the move with institutional clients, Bloomberg reported, citing people familiar with the plans.
Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $27.6K
[Mar 17, 2023 9:31 AM] Bitcoin’s price is up 6% over the last 24 hours.
Netherlands Will Take Tough Line Enforcing MiCA, Dutch Regulator Says
[Mar 17, 2023 9:07 AM] Laura van Geest said she won’t undercut new EU crypto laws even if that drives business from the country.
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
[Mar 17, 2023 8:00 AM] After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen…
Crypto Derivatives Protocol Volmex Finance's Bitcoin and Ether Volatility Charts Now Live on TradingView
[Mar 17, 2023 7:00 AM] Integration with TradingView promises global exposure to Volmex's implied volatility indices for bitcoin and ether.
Silicon Valley Bank's Former Parent Company Files for Bankruptcy
[Mar 17, 2023 6:37 AM] The company said on Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York to preserve value.
First Mover Americas: Bitcoin Busts Through $26K
[Mar 17, 2023 6:10 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for March 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
[Mar 17, 2023 6:10 AM] Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to $0.88 amid banking concerns in the U.S.
Cardano Blockchain Releases Update to Enhance Network Communication
[Mar 17, 2023 5:54 AM] The new version of nodes is designed to ensure network uptime and stability and improve overall network resilience.
Former Belgian Finance Minister Calls for Crypto Ban in Wake of Banking Crisis
[Mar 17, 2023 5:27 AM] Johan van Overtveldt, economic spokesperson for the right-wing ECR political party in the European Parliament, compared crypto to drugs.
Genesis Requests Timetable for Sale, Creditor Claims
[Mar 17, 2023 4:07 AM] The company wants to sell off its business after filing for bankruptcy on Jan. 19.