Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major…
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Crypto
Doodles ‘no longer an NFT project,’ Playboy bares all on NFT earnings and more
by epressneby epressneIdentity crisis: Cofounder of doodles says it’s not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away from being…
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Crypto
Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
by epressneby epressneThe collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows…
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The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning a bid to buy…
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese billionaire arrested in U.S. for $1B financial fraud According to an announcement published by the…
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Crypto
Silvergate, Silicon Valley Bank collapses represent a big challenge for crypto
by epressneby epressneThe collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms to hold their breath. The loss…
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Crypto
US lawmaker suggests Signature’s collapse was tied to instability of crypto
by epressneby epressneMichael Bennet, a United States Senator representing the state of Colorado, has suggested that banks that associated with crypto firms did not make “prudentially sound” decisions. Speaking at a March…
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Crypto
MakerDAO passes proposal for $750M increase in US Treasury investments
by epressneby epressneLending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.…
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Crypto
Swiss Bankers Association proposes deposit tokens to develop digital economy
by epressneby epressneThe Swiss Bankers Association released a white paper on how Swiss banks can support the development of the country’s digital economy. A Swiss franc “joint” deposit token is the solution…
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The rejection that followed Bitcoin’s (BTC) rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months.…