The events of the past 72 hours should reignite the same intense debates about the U.S. banking system that fed into Bitcoin’s growth after the global financial crisis of 2008. After the closure of three banks that suffered from a combination of mismanagement and bad market
As the wreckage that started inside crypto banking threatens financial institutions beyond the sector’s border, the U.S. government is eager to make it clear that it’s not going to let the situation get out of hand.But is it a bailout?
The collapse of Silicon Valley Bank and the subsequent measures regulators took to avoid more damage on March 12 due to fears of contagion prompted the FDIC and the Federal Reserve to close...
Crypto has soared in popularity, and this increased interest has also reached the Islamic Finance sector, with conversations on whether cryptocurrencies are Halal (permissible) or Haram (forbidden).
Silvergate Bank voluntarily wound down on March 8 ($12 billion in assets), Silicon Valley Bank (SVB) went into FDIC receivership on March 10 ($200 billion in assets), Signature Bank was shut down by state regulators on March 12 ($100 billion in assets).This article is excerpted f
As Silvergate Capital, Silicon Valley Bank (SVB) and Signature Bank all face severe financial issues, the cryptocurrency industry is facing a reckoning of its own that will be sure to impact the investment landscape and speaks to the fundamental value proposition of Bitcoin.
During last year’s World Cup, the crypto world saw the re-emergence of an almost forgotten trend: soccer fan tokens. Sorry – football (for you non-U.S. readers) fan tokens, a concept started by blockchain provider Chiliz back in 2021. At the tail end of 2022, while a
In 2022, Stepn emerged as one of the darlings of the crypto industry. First built as part of a Solana hackathon at the end of 2021, Stepn requires users to give the app access to their GPS and movement data from their smartphones and then rewards users with the GST token for walk
There’s a lot of mystery and even more buzzwords. Covering all of those, though, is the concept of decentralized finance, or DeFi. Here’s a look at what that term means and the risks and rewards it carries.
Match point. The 2023 Australian Open men’s finals. Novak Djokovic, who had missed last year’s tournament because of his vaccination status, was now on the verge of winning his record 10th Australian Open. If he wins this point, he wins the set, he wins the tournament
Decentralized autonomous organizations (DAO) are an equitable, efficient means of distributing stakeholder power and resources. Removing the need for a central governing authority, they align with Web3’s decentralized, egalitarian ethos.Since the original DAO – simply
During last year’s World Cup, the crypto world saw the re-emergence of an almost forgotten trend: soccer fan tokens. Sorry – football (for you non-U.S. readers) fan tokens, a concept started by blockchain provider Chiliz back in 2021. At the tail end of 2022, while a
Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods.That
Silvergate Bank, en algún momento quizás la institución financiera más importante en el sector de las criptomonedas, cerrará sus puertas tras un período de retiros catastróficos y un fallido rescate de parte de una entidad federal
Amazon is reportedly launching an NFT marketplace next month -- a move widely lauded in the industry as it further cements the increasing adoption of the digital assets. The effort follows that of...
In the years since Bitcoin first emerged, many other cryptocurrencies and tokens have arisen, each attempting to solve a different problem or address a different use case.
If this year’s bruising battle between U.S. regulators and the crypto industry were a prize fight, we might judge the latest round as one in which the latter finally landed some meaningful blows even as the former maintained the upper hand.By the week’s end, fallout f