India’s SVC Bank issues notice to clear mixup with SVB
The bankruptcy of Silicon Valley Bank (SVB Bank) has caused a mixup among a few Indian citizens due to the similarity in the short form of Mumbai-based bank SVC Bank. As soon as word of SVB’s impending closure surfaced on March 10, concern swept across the globe as one of the largest banks in the […]
KuCoin leads $10M funding round for CNHC
KuCoin, Circle’s investment arm has led a funding round for Chinese stablecoin issuer and blockchain-based payment service provider CNHC. KuCoin Ventures has led an investment of $10 million for CNHC, a stablecoin issuer, and blockchain-based payment service provider. KuCoin Ventures revealed on March 16 that key industry investors, including KuCoin investor IDG Capital and Circle […]
US officials appeal protections for execs in Voyager-Binance.US sale
Voyager Digital’s plan to sell its digital assets to cryptocurrency exchange Binance.US includes a clause that would preclude US officials from bringing legal action against anyone connected to the sale. U.S. Trustee William Harrington and other government lawyers said in a motion filed on March 14 in a New York bankruptcy court that “the court […]
Anchorage Digital reduces staff by 20% over regulatory uncertainty
Crypto bank Anchorage Digital stated it would be letting go of 75 people, representing around 20% of its employment, citing regulatory uncertainty in the United States as a factor in its decision. Anchorage described the layoffs as “a strategic realignment to better focus our resources” in a March 14 statement, citing “broad macroeconomic challenges and […]