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The Latest Breaking News from Crypto

NY bank's demise: Contagion or a problem with the business?

A New York-based bank's demise was stunningly fast

The Independent UK

Bank failures could spur Congress to act on stablecoins

Digital assets chair French Hill and Circle's Dante Disparte weigh in.

Fortune

Cathie Wood: regulators missed 'crisis looming in plain sight'

The tech investor argued that problems in traditional banking hurt cryptocurrencies, not the other way around.

Fortune

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read the most diverse news in one place.

Crypto DeFi Future: Will it Come Back Stronger?

Decentralized Finance (DeFi) applications brought new and exciting trends to the cryptocurrency industry. Complete offerings like GameFi, SocialFi, and ReFi influenced and complemented many sectors in the past year.

inkl

Kings remain hot, bury Islanders with 4-goal 2nd period

LOS ANGELES — The Kings inundated the New York Islanders with a four-goal second period in a game they ultimately won, 5-2, on Tuesday night at Crypto.com Arena to remain among the Pacific Division’s contenders and the NHL’s hottest teams.

The Orange County Register

Bitcoin prices go up when banks go down

Crypto got a boost from this weekend's bank turmoil, which market experts all linked to changing expectations.

Axios

NatWest limits cryptocurrency payments due to scams and offers tips to avoid being duped

There will now be a daily limit and a monthly limit

Wales Online

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'Nothing to do with crypto': Regulators pour cold water on Barney Frank's claim Signature Bank was targeted

The failure of the crypto-friendly bank has spurred rampant speculation.

Fortune

NatWest limits cryptocurrency payments amid scam concerns

A daily limit of £1,000 and a limit of £5,000 over a 30-day period are being implemented by the bank.

The Independent UK

Bitcoin surpasses $25,000 after SVB collapse, CPI report

The cryptocurrency has struggled to maintain momentum past the $25,000 mark in 2023.

Fortune

Crypto loves socialism—when it's convenient

The hypocrisy of crypto libertarian types like David Sacks when it comes to their friends is stunning.

Fortune

Signature Bank seized to send banks a message, director says

A regulatory takeover of a New York-based bank was intended to send a message to banks to stay away from the cryptocurrency business

The Independent UK

How Silicon Valley Bank's collapse may affect crypto companies

SVB’s failure was the biggest bank collapse since Washington Mutual Bank in 2008.

Fortune

What the collapse of crypto banks could mean for stablecoins

Providers like Circle are searching for solutions to fill the void.

Fortune

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Evening Standard

Is Pokémon set to launch NFTs?

The Japanese company behind the hit franchise has posted a job listing for someone with a “deep knowledge” of NFTs and blockchain.

ABC News

The collapse of Silicon Valley Bank reveals cracks in a system that leans on government bonds

Unlike the debacle surrounding the collapse of Sam Bankman-Fried's crypto kingdom FTX late last year, the sudden demise of Silicon Valley Bank last weekend has its origins at the other end of the financial spectrum, explains Ian Verrender.

Fortune

Signature Bank takeover could leave crypto firms scrambling

The Treasury, Federal Reserve, and FDIC jointly announced that depositors would be made whole.

The Orange County Register

Predators top Kings as Duchene scores shootout winner

LOS ANGELES – The Los Angeles Kings failed to keep pace with the Pacific Division-leading Vegas Golden Knights Saturday when they fell to the Nashville Predators 2-1 at Crypto.com Arena Saturday in a shootout.

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Fortune

Circle reveals it has $3.3 billion stuck at Silicon Valley Bank as USDC wobbles against its peg

The company insisted that it was protecting the stablecoin from a "black swan failure."

Fortune

Could Silicon Valley Bank contagion spread to the crypto industry?

The stunning failure of the tech behemoth comes on the heels of Silvergate Bank.

Fortune

Why regulators have a banking crisis, not a crypto one

SVB is 20 times bigger than Silvergate. Its collapse points to a much bigger problem than crypto.

The Times of India

Crypto flash crash on Huobi spurs Sun to inject $100 million

China-born crypto mogul Justin Sun sought to counter concerns about the strength of the Huobi exchange, one of the largest trading venues in digital assets, after a flash crash in the platform’s native token.

Bangkok Post

Bitcoin set for worst week since FTX crash

NEW YORK: Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating United States regulatory crackdown on crypto combine to hurt investor sentiment.

Los Angeles Times

D'Angelo Russell ready to reboot his hot Lakers start coming off injury

LOS ANGELES — After going through a full practice Thursday, D'Angelo Russell will be available to play for the Lakers on Friday against the Toronto Raptors at Crypto.com Arena after missing the last six games with a sprained right ankle.

StockNews.com

4 Stocks to Avoid Until Crypto Recovers

With the ongoing crypto winter and the threat of regulation claiming new victims in the ecosystem while driving most to the edge of an abyss, it may be wise to give Block (SQ), Coinbase (COIN), Riot (RIOT), and Marathon (MARA) a wide berth until the existential issues get resolved. Continue…

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