Silicon Valley Bank (SVB) has declared its intention to file for bankruptcy in order to sell its assets. In an effort to protect its assets, SVB voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. According to the paperwork, the
March 17, 2023 1 min read
Spend-to-earn decentralized finance (DeFi) protocol Fluidity Money has teamed with Gains Network, a platform that provides gTrade, an innovative, user-friendly decentralized leveraged trading experience. By the integration of Fluidity’s novel yield-generating method through the integration of fDAI and the development of an fDAI vault, Gains Network and Fluidity Money’s partnership
March 17, 2023 2 mins read
With a market valuation of US$1.4 billion, Wemade Co., Ltd. (KOSDAQ:112040), one of South Korea’s top publicly listed gaming firms, has announced a strategic alliance with Space and Time (SxT), a pioneer in decentralized data storage. Under the cooperation, Wemade will be able to use the decentralized developer tools from
March 15, 2023 3 mins read
With the weekend’s news of the closure of a Silicon Valley bank, which dominated headlines, stock trading in the shares of many banks was suspended today due to extreme volatility. A few examples include Charles Schwab, Western Alliance, and First Alliance. The news follows today’s comments by President Joe Biden
March 13, 2023 1 min read
Bitcoin (BTC) reached its monthly high on March 13 when U.S. bank equities saw one of the greatest collective stops in their history. According to CMC, the price of BTC surpassed the $24k level and is now trading at $24,348. In the last 24 hours, it is up by 18%.
March 13, 2023 1 min read
South Korea has doubled down on the metaverse’s promise as a new economic development hub. While other countries around the world have been sidetracked. By the noise around price volatility and ecosystem failures in crypto. The Ministry of Science and ICT of South Korea has announced funding for a special
March 12, 2023 1 min read
Russian cryptocurrency miners who want to escape prosecution by the state will be required to file tax returns. This would include detailing their earnings and providing authorities with information about their digital assets, including wallet addresses. That’s what the Moscow government is considering doing, at least in terms of a
March 12, 2023 1 min read
Bitcoin (BTC) fell roughly 8% in the last 24 hours before Friday morning’s employment figures. But it has since recovered marginally, rising back to just around $20,000. A steady unemployment rate of 3.4% was predicted, but instead, the rate increased to 3.6%. Recent statistics indicate a frightening $2 trillion loss
March 10, 2023 2 mins read
By himself, Christoph Zaknun created Degen Zoo, an NFT game based on Logan Paul’s abandoned Crypto Zoo, in under 30 days. To refute Paul’s assertion that the development process would take years, the creator of DAO Maker decided to take up the task of developing the abandoned idea. Setting new
March 10, 2023 2 mins read
Even if the market were to tank, it seems like Visa’s cryptocurrency operations would continue as planned. The company behind the widely-used cryptocurrency exchange Gate.io, Gate Group, has announced that it would launch a Gate Visa crypto debit card. Gate has announced that it is now accepting registrations and waiting
March 9, 2023 2 mins read
