News
Signature Bank deposits, branches sold to Flagstar, crypto not included
The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20. Only a week after its collapse, Signature Bank’s deposits and loans are set to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp — crypto-related...
Switzerland preparing emergency measures for UBS’ takeover of Credit Suisse: Report
The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation. The Swiss National Bank (SNB) and Switzerland’s financial regulator reportedly believe...
Microsoft reportedly testing Edge browser web3 wallet integration
The supposed screenshots show a non-custodial crypto and NFT-friendly Microsoft Web3 wallet embedded into Edge. Microsoft is reportedly working on integrating a crypto and nonfungible token (NFT) friendly Web3 wallet into its Edge web browser. In a March 17 Twitter...
SVB collapse chilled NFT trading volumes: DappRadar
Only 11,440 NFT traders were active on March 11 which was the lowest figure recorded since November 2021. Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing...
US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto. The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin (BTC), says Galaxy Digital founder and CEO Michael...
ChatGPT V4 aces the bar, SATs and can identify exploits in ETH contracts
GPT-4 completed many of the tests within the top 10% of the cohort, while the original version of ChatGPT often finished up in the bottom 10%. GPT-4, the latest version of the Artificial Intelligence (AI) chatbot, ChatGPT, can pass high school tests and law school...
Binance to lose its British pound on- and off-ramp provider in 9 weeks
Binance has also had problems with its banking partner for United States dollar transfers over the last few months. Binance is scrambling to find a new service partner to process British pound transfers on its trading platform after its current partner, Skrill...
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. Nonfungible token marketplace OpenSea has reportedly patched a vulnerability that, if exploited, could...
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. The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan. Almost immediately after USD Coin (USDC) issuer Circle revealed it...