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UK, US move to address SVB collapse

LONDON — The United States and the United Kingdom are trying to sort out the impact of Silicon Valley Bank’s collapse on fintechs. In...

SMBs Orgs Want Help, but Cybersecurity Expertise Is Scarce

Nearly half of small and midsize businesses (SMBs) plan to spend more on cybersecurity in 2023 — which is a good thing given that six...

Circle’s USDC bounces back after Silicon Valley Bank bust

In this issueUSDC: Level-peggingSilvergate: Closing actChina finance: Reverse decentralizationFrom the Editor’s DeskDear Reader,Predictions that things will get worse before they get better are commonplace...

Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty

Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the...

Microsoft Power Automate Tutorial, Guide & Examples in 2023

Want to automate manual processes? Try Nanonets to collect data, set up alerts, extract data from documents, or sync data across 5000+ applications. Start...

Decentralized Exchange (DEX) Trading Volumes Surged Nearly 250% Amid Stablecoin Crisis

Decentralized exchanges (DEXs) have experienced a significant trading volume surge during the stablecoin crisis seen earlier in the week, which saw the value of...

Bitcoin Nears $25K as Interbank Funding Stress Indicator Surges to Highest Level Since COVID Crash

Bitcoin (BTC) rallied early Tuesday as a banking sector risk index rose, supporting a Fed rate hike halt. CoinDesk data show...

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last...

Markets Recover After U.S. Regulators Backstop Deposits At Failed Banks

DeFi Heavyweights Maker, Synthetix and Lido Lead Sector Higher The crypto markets are rebounding after Circle, the company behind the USDC stablecoin, assured investors that...

Crypto Market Surge Leads to $320 Million in Liquidations

The price of the flagship cryptocurrency Bitcoin ($BTC) has over the last 24 hours surged significantly to surpass the $26,000 mark in a move...

Europe Mulls ‘Europeum’ Blockchain, a Regulatory-Compliant Network for Crypto Transactions

Advertisement &nbsp &nbsp The platform aims to use blockchain technology for public services and supply chain management. It is complementary to MiCA – a...

Silicon Valley Bank was the tip of a banking iceberg

Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in...

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