Terra’s Do Kwon Arrested in Montenegro
Terra frontman Do Kwon was apprehended at Podgorica airport by Montenegrin police. He was previously believed to be hiding in Serbia. Six Months on the Run The law has finally...
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House Majority Whip Questions FDIC Over Crypto Banking “Purge”
Rep. Tom Emmer sent a letter sharply questioning FDIC Chairman Gruenberg following reports that federal regulators were attempting to cut off the crypto industry from the banking sector. A Lazy...
Arbitrum Airdrop Finally Announced
After months of feverish anticipation, Arbitrum is finally ready to airdrop a native tokenARB. Heres what you need to know. Airdrop Claimable by March 23 The Arbitrum community is rejoicing....
Binance Halts GBP Deposits and Withdrawals
Only a month after halting U.S. dollar bank transfers, Binance is now being forced to cease processing British pound deposits and withdrawals as well. Only 1% of Users Impacted Crypto...
Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year
Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in…
Circle’s USDC Regains $1 Peg After Tumultuous Weekend
After breaking its peg over the weekend and trading as low as $0.87, Circles USDC stablecoin is now at $1 again. 1 USDC for $0.87 All eyes are on USDC...
Meta Announces 10,000 Layoffs in ‘Year of Efficiency’ Move; Singles Out AI Over Metaverse as ‘Largest Investment’
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy.…
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions…
Silicon Valley Bank Closed Down, Regional Bank Stocks Trading Halted
Silicon Valley Bank, the 18th largest bank in the U.S. by total assets, was closed down by regulators today after it suffered a bank run. Biggest Bank Failure Since the...
Crypto Friendly Bank Silvergate Shuts Down
Silvergate Bank is winding down operations, but it assured that all customer deposits would be fully repaid. Traditional Banking Risks Another pillar of the crypto industry has succumbed. Silvergate Capital...
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