In this category of TheNewsCrypto, you will see the latest news, top headlines, opinions, current affairs, and much more from around the globe. The section only has handpicked articles by our experienced and profound editors to keep you updated with trends and stay ahead of the pack. Never miss any important news as we make sure this section is regularly updated with only the mainstream and impactful events of the cryptocurrency world.
As a result of a bank run and a capital problem, Silicon Valley Bank was the second biggest financial institution to fail in the United States. It went under on a Friday morning. The bank in California was shut down by authorities and transferred to the supervision of the US
The price of USD Coin (USDC) dropped below the $1 mark almost instantly after its issuer, Circle, said that it has been unable to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank (SVB). When SVB, a bank insured by the Federal Deposit Insurance Corporation, announced on March
According to the most current nonfarm payroll statistics from the Bureau of Labor Statistics, the United States gained 311,000 jobs in the month of February. It’s less than the previously reported 517,000 jobs gained in January, but it’s still far more than the 225,000 jobs that experts expected would be
NakaDollar (NUSD) is a proposed new stablecoin backed by bitcoin (BTC) and bitcoin derivatives. It has been suggested by Arthur Hayes, co-founder of cryptocurrency derivative trading platform BitMEX. Moreover, Hayes said in a blog post that the creation of NUSD would be different. Especially from the creation of other stablecoins.
In conjunction with the Metropolitan Police, the largest police agency in the United Kingdom, Britain’s main financial regulator, the Financial Conduct Authority (FCA), stated on Wednesday that it has taken additional action against unlicensed crypto ATMs in East London. The FCA and the West Yorkshire Police conducted a series of
The leading crypto exchange KuCoin is being sued by the New York Attorney General’s office for allegedly breaking state securities and commodities laws. In the case, Attorney General Letitia James makes the shocking statement that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is a “Security” in addition to Terra
KuCoin Wallet, which supports multi-chain aggregation powered by the KuCoin ecosystem, has officially revealed their integration partnership with fantom, the layer-1 EVM-compatible platform. According to reports, users of KuCoin Wallet now have immediate access to all native Fantom assets due to the Fantom interface. 🥳#Fantom is live on #KuCoinWallet! You
Creditors of Mt. Gox will now have an extra month to register. There has been a one-month extension given to creditors to submit claims after the notification that the deadline has been pushed back from March 10 to April 6. It’s been a month since the original distribution deadline was
Former crypto billionaire Sam Bankman-Fried’s legal team requested a postponement of his October 2 criminal trial. This is according to court documents filed on March 8. According to Reuters, their argument was that it may take longer than anticipated to analyze the facts and prepare a defense. The attorneys wrote
In an intriguing turn of events, the U.S. Commodities and Futures Trading Commission (CFTC) declared Ethereum and stablecoins to be “commodities” and so subject to its regulatory authority. It’s a move that pits the CFTC squarely against the U.S. Securities and Exchange Commission, which wants to regulate all cryptocurrencies as
