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[ad_1] Binance, one of the world’s largest cryptocurrency exchanges, has been in the news recently following a Forbes article that raised concerns about the movement of funds by the exchange. The article highlighted the transfer of $1.8 billion in stablecoin collateral by Binance to hedge funds such as Tron, Amber Group, and Alameda Research between […]

[ad_1] Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs. The bank recently closed its SEN Platform which institutions used to move money to crypto exchanges. Coinbase, Galaxy, and Paxos have stopped accepting transfers via Silvergate Network. USDC stablecoin issuer Circle has today announced that it

[ad_1] Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets’ payment network, claiming the termination is a “risk-based decision”. The move comes after the bank’s stock fell over 59% in the past five days due to fears of a potential bankruptcy.  A disclaimer on Silvergate’s website stated: “Effective immediately Silvergate

[ad_1] Key Takeaways Crypto-friendly bank Silvergate told the SEC that it may be “less than well-capitalized” and that it was “reevaluating its business.” Coinbase has halted payments to and from Silvergate in response. Silvergate’s stock is down 45% on the day. Share this article Silvergate Bank is still suffering from the aftermath of the FTX

[ad_1] HIVE Blockchain Technologies (HIVE), a publicly-listed crypto mining firm, has released its Bitcoin (BTC) production figures for February 2023, reporting a 4% drop in the number of the foremost digital currency mined. The firm produced 250 BTC last month compared to 260 BTC mined in January. However, the February production is 17% higher than

[ad_1] According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin

[ad_1] One of the strengths of Web3 technology, and the many projects that it has spawned, is its capability to create and sustain communities. From friendly and supportive meme coin groups, all the way to those uniting under a vision of a radically different global economy, the benefits of blockchain technology continue to help people

[ad_1] Voyager Digital, the New York-based centralized finance (CeFi) platform, filed for Chapter 11 bankruptcy in July 2022 after it failed to secure a new line of credit. The company, which provides cryptocurrency trading services for retail and institutional investors, had been struggling with mounting debt and declining user growth. Since then, Voyager has been

[ad_1] Sweat Economy is a web3 project that seeks to unlock the economic value of movement. Its Web2 Sweatcoin app has been available in the US market since 2016. It is set to re-launch its SWEAT token and Sweat Wallet after a previous launch was frozen. Sweat Economy, a Web3 project seeking to unlock the

[ad_1] Legislation has been introduced in the American state of South Dakota to amend the Uniform Commercial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central bank digital currencies (CBDCs) would still be considered money under the proposed new definition.  The 117-page amendment, introduced into the state House of Representatives by Republican