FDIC plans to hold second auction for Silicon Valley Bank
After failing to find a bidder the first time, FDIC is planning to try again to auction off the assets of the defunct Silicon Valley Bank. According to the Wall Street Journal, which cited unnamed sources, the FDIC advised Senate Republicans that the agency had more latitude to sell SVB’s assets once regulators declared the […]
US prosecutors probing collapse of Silicon Valley Bank
According to rumors, the SEC & DOJ are also looking into insider stock sales that took place just days before the Silicon Valley bank failed. The failure of Silicon Valley Bank is reportedly the subject of an inquiry by the Justice Department and the US Securities and Exchange Commission. SVB Under Fire From SEC, DOJ […]
Unstoppable Domains, Polygon Labs Roll Out .polygon Domains
In collaboration with Unstoppable Domains, Polygon has made it possible to register Web3 “.polygon” domains. By using the service, users will be able to access Web3 applications, use human-readable wallet addresses, and build decentralized websites. Some 180 million people and 40,000 services in the Polygon blockchain ecosystem will have access to the service. Polygon is […]
Crypto firms deny exposure to failed US banks
Some significant cryptocurrency firms have denied exposure to defunct U.S. banks including Silicon Valley Bank (SVB) amid the ongoing banking crisis in the country. As the potential effects of the SVB crisis on the cryptocurrency market continue to develop, a number of significant crypto companies have so far declared themselves to be untouched. Tether As […]
Are Utility Tokens Investable?
2022 was a rough year for cryptocurrencies, but Bitcoin and Ethereum retained their spots as the two most expensive ones. Despite the bearish market, it was a busy year for new project launches. Central to most of these launches was the promise of utility tokens. At first glance, they share similarities with mainstream cryptocurrencies. You […]