Most recently, it was declared by the government of the United Kingdom (UK) that HSBC holdings had acquired the British affiliate of the Silicon Valley Bank. This comes after a U.S. government body took action to protect depositors at the failing bank. The CEO of HSBC, Noel Quinn, was quoted
Many cryptocurrency firms announced on Twitter if they were impacted by the government suspension of crypto-friendly Signature Bank, which emerged as the latest institution to fall after a spate of bank collapses late Sunday. In yet another blow, the Federal Reserve, the United States Treasury, and the Federal Deposit Insurance
Signature Bank was shut down by US authorities after the collapse of Silicon Valley Bank made headlines. Specifically, the New York-based bank has been shuttered claiming “systemic risk,” according to a joint statement made today by the Federal Reserve, Treasury, and FDIC. Customers of SVB will have access to their
The largest cryptocurrency, Bitcoin ($BTC), starts the week with significant price changes. BTC soared more than 9.5% in the last 24 hours after plunging as low as the $19 range over the weekend. Also, the biggest altcoin, Ethereum ($ETH), rose by almost 10%. The price of Bitcoin is skyrocketing as
Shiba Inu’s developer Shytoshi Kusama finally made the much-anticipated announcement on Sunday that the beta version of Shibarium is now attainable to the general public. According to Kusama, a large, worldwide, and decentralized group required a decentralized Layer 2 network. Due to the presence of Shibarium as a layer-2 protocol,
After a successful launch of its popular iOS app, Live Coin Watch is thrilled to unveil its mobile app for Android, now available for free on Google Play. The native app is designed to cater to the requirements of both proficient and novice cryptocurrency enthusiasts by offering a comprehensive range
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
When it comes to cryptocurrency, the Indian government has always been wary because of its decentralized aspect. The recent bankruptcies of many cryptocurrency enterprises, however, have only amplified the voices of others who disagree. To add insult to injury, crypto frauds have caused significant harm to individuals curious about cryptocurrency
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
MakerDAO has developed a contingency strategy to shield its native stablecoin DAI from additional exposure to potentially unstable stablecoins. Amidst the volatility that has plagued the crypto market over the last twenty-four hours. Especially with USDC depegging from its $1 value. And mounting fears over the degree to which it
