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
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
Today, the Ethereum-based zero-knowledge (ZK) layer-2 blockchain CryptoGPT launches its native crypto token ‘GPT.’ By debuting its own currency, CryptoGPT is seekings to capitalize on the popularity of ChatGPT and artificial intelligence (AI). However, leading cryptocurrency exchanges such as Bitfinex, PancakeSwap, Uniswap, Bybit, Bitget, and others listed the new crypto
The Starbucks Odyssey rewards programme, built on the Ethereum sidechain network Polygon and now in beta, is a major move for the coffee giant into the Web3 sphere. After distributing some free prize NFTs to the platform’s early users, the company released its first premium collectable for sale. Beta users
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
Crypto market leads Bitcoin (BTC) and Ethereum (ETH) have plunged more than 8% in the last 24 hours. The whole market is in panic as every other cryptocurrency is seen in red. Among the top 20 coins, only the stablecoins are witnessing a green graph. The fall is continuously declining
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
Vitalik Buterin, the co-founder of Ethereum, has contributed $15 million USDC from the Balvi Philanthropic Fund. This is towards the University of California, San Diego, to fund studies into airborne diseases. This grant is said to be the largest ever contributed to open-source research on aerosols. And one of the
Several altcoins were offered as souvenirs to the co-founder of the world’s second-largest blockchain, Ethereum, but he has swapped them recently. The on-chain data portal Lookonchain reports that Vitalik Buterin has converted over $700,000 worth of various altcoins into ETH. He has already made a profit of 1.25 ETH from
