General News
Circle CEO: USDC Reserves at Silicon Valley Bank Safe and Available
U.S. company Circle announced on March 14 that its $3.3 billion USDC reserve deposit, which had been held at the collapsed Silicon Valley Bank,...
Circle to Cover Shortfall in USDC Stablecoin Amidst SVB’s Collapse
Circle Internet Financial, the issuer of the USDC stablecoin, has pledged to “cover any shortfall” in the assets backing the stablecoin. This comes as...
USD Coin Reserves Hit by Silicon Valley Bank Collapse, Investors Rush to Sell
Circle Internet Financial Ltd., the issuer of the USD Coin, a stablecoin pegged to the US dollar, has confirmed that it has $3.3 billion...
New York Attorney General Sues KuCoin for Securities Violations
The New York Attorney General, Letitia James, has filed a lawsuit against KuCoin exchange for failing to register as a securities and commodities broker-dealer...
Former BitMEX CEO proposes BTC-backed stablecoin independent of USD
Former BitMEX CEO Arthur Hayes has proposed a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar that is pegged to Bitcoin and...
Silvergate Bank to Liquidate Assets and Wind Down Operations
US-based Silvergate Bank, a crypto-friendly bank, has announced its "voluntary liquidation" and plans to wind down its operations. The bank faced inquiries from bank...
Coinbase Launches Wallet-as-a-Service to Simplify Web3 Wallet Onboarding
Coinbase has launched a new product called Wallet-as-a-Service (WaaS), which enables companies to create fully customizable web3 wallets within their own apps. The product...
India Tightens Crypto Regulations to Curb Money Laundering
The Indian government has notified crypto companies to comply with the Prevention of Money Laundering Act (PMLA) of 2002. The Gazette of India published...
Bankruptcy Court Approves Binance.US Acquisition of Voyager Digital Assets
Bankrupt crypto lender, Voyager Digital, has been granted court approval to sell its assets and transfer its customers to Binance.US for $1.3 billion. The...
Brazil’s Central Bank to Launch Digital Real in 2024
Brazil's central bank has announced plans to launch a digital currency pilot project to promote financial services in the country. The project, which will...
Alameda Research sues Grayscale over fees and redemption ban
Alameda Research, the trading branch of FTX, a bankrupt digital-asset exchange, has sued Grayscale Investments. The lawsuit claims “exorbitant management fees” and accuses Grayscale...
Binance Offered Advisor Position to SEC Chairman Before His Appointment
Binance, a cryptocurrency exchange, reportedly sought to hire Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), as an...