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Coinbase shares tumbled 16% Thursday, after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission. Cathie Wood, chief executive officer and chief investment officer, ARK Invest (Marco Bello/Getty Images) ARK Invest bought COIN low and sold it high this week. On Tuesday, Cathie Wood’s fund sold 160,887 shares of COIN for $13.5...
The first cryptocurrency matter to come up at the high court isn’t directly about digital assets but is a dispute over how courts should handle scuffles over arbitration. Coinbase argued Tuesday in the first crypto-related case to be heard by the U.S. Supreme Court (Jesse Hamilton/CoinDesk) Coinbase (COIN) argued at the U.S. Supreme Court on Tuesday that its disputes over...
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., from Monday. The FDIC will provide digital-banking business deposits directly to those customers. Non-crypto related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, as of Monday under...
(George Rose/Getty Images) The Federal Deposit Insurance Corporation denied it would require any purchaser of Signature Bank to divest its crypto activities. TheFDIC responded toa WednesdayReuters reportwhich said “any buyer of Signature must agree to give up all the crypto business at the bank,” citing two unnamed sources. An FDIC spokesperson denied this to Reuters. An FDIC spokesperson said in...
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round. (Moerschy/Pixabay) KuCoin Ventures, the venture arm of China-focused (but Seychelles-registered) crypto exchange KuCoin, led a $10 million funding round into the stablecoin issuer behind CNHC, a stablecoin pegged to the value of the offshore yuan. CNHC is pegged 1:1 with the offshore yuan, known by...
“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” a joint statement read. Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. (Justin Sullivan/Getty Images) All depositors in Silicon Valley Bank will be made whole and have access to their funds on Monday, federal banking and...
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level. Bitcoin briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of BTC dipped to $19,945 on March...
SPONSORED Press Release Get Ready to Tokenize Your Assets: Brickken's $BKN Token Public Round is open! With the Token Suite dApp launched and a real-asset pipeline of over +$570M ready to be tokenized, Brickken officially opens the Public Round of the $BKN token to the public on March 1st. This is a chance for people to acquire a part of...
Ecosystem tokens jumped following confirmation from Shibarium developers. DOGE Meme shiba inu (Atsuko Sato) The much-awaited Shibarium blockchain is all set to release its beta version for the layer 2 network this week, Shiba Inu developers said early on Wednesday. A beta testnet is a blockchain that mimics real-world functioning. Layer 2 refers to a set of off-chain solutions (separate...
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service. A spokesperson for Lido declined to comment. Bankless co-host David Hoffman retracted his statement that Lido had received a Wells Notice (Danny Nelson/CoinDesk) Join the most important conversation in crypto and Web3 taking place in Austin, Texas,...
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