FDIC reportedly requests Signature buyers to stop crypto activities
The Federal Deposit Insurance Corporation (FDIC) of the United States reportedly requested that possible buyers of insolvent U.S. banks Signature refrain from supporting crypto services and give up all cryptocurrency business at the bank. According to Reuters, the FDIC has requested banks interested in acquiring insolvent U.S. banks such as Silicon Valley Bank (SVB) and […]
Cathie Wood considers crypto as safe haven amid SVB, banking crises
Cathie Wood, CEO of Ark Invest, stated that cryptocurrencies acted as a safe haven in the midst of the ongoing SVB, and banking crisis in the United States. Cathie Wood attributed the recent demise of companies like Silicon Valley Bank (SVB), Signature, and others to the Federal Reserve’s policy failure. As a result of the […]
Euler finance hacker transfers stolen funds to crypto mixer
Euler Finance hacker has begun transferring assets to the cryptocurrency mixer Tornado Cash hours after a $1 million reward was offered for information leading to the perpetrator’s identification. PeckShield, a blockchain analytics company, tweeted on March 16 that the perpetrator of the flash loan attack on Ethereum’s noncustodial lending protocol was “on the run.” The […]