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 […]
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 […]