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Crypto Exchange Gemini Turns to Ireland for European Headquarters
Cryptocurrency · Emerald Isle

Crypto Exchange Gemini Turns to Ireland for European Headquarters

100% Center coverage: 1 sources
Amid increasing regulatory pressure in the U.S., the Winklevoss twins see the Emerald Isle as an “entry point” into the rest of Europe.See the Story
Coinbase to Continue Operations as Normal Despite Legal Action
Cryptocurrency

Coinbase to Continue Operations as Normal Despite Legal Action

In congressional testimony, the top attorney for Coinbase criticised the Securities and Exchange Commission, as he testified before a House of Representatives cSee the Story
Crypto firm Circle reveals $3.3 bln exposure to Silicon Valley Bank
Business · Los Angeles

Crypto firm Circle reveals $3.3 bln exposure to Silicon Valley Bank

65% Center coverage: 17 sources
U.S. cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender Silicon Valley Bank, the company said in a tweet on Friday.See the Story

Latest News Stories

Cryptocurrency Exchange · Circle

Binance And Coinbase Scramble To Halt USDC Conversions Amid Silicon Valley Bank Chaos

100% Center coverage: 3 sources
Binance andCoinbase suspend USD Coin USDC/USD conversions due to fallout from collapse of Silicon Valley Bank. The move followed worries that Circle, the company behind USDC stablecoin, held some of USDC's cash reserves at the bank. $3.3 billion worth of the cash backing USDC remains locked in Silicon Valley bank.See the Story
Silicon Valley Bank

FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says

80% Center coverage: 5 sources
The Federal Deposit Insurance Corporation (FDIC) is overseeing the emergency breakup of SVB Financial Group (SIVB.O) The FDIC is racing to sell assets and make a portion of clients' uninsured deposits available as soon as Monday, according to Bloomberg News.See the Story
Bank of England

The British subsidiary of SVB bought by HSBC for 1 symbolic pound

67% Center coverage: 3 sources
There were concerns that a bankruptcy of the British branch would cause problems for many tech companies.See the Story
Startups

Blockchain.Com Quits Asset Management After Less Than a Year: Report

Blockchain.com Asset Management was launched in April 2022, shortly before macroeconomic conditions deteriorated rapidly. BCAM filed a request to be struck off the UK Companies register, according to Bloomberg. No information is available on how or when exactly the company will cease operations and how it will liquidate all active assets in order to return them to customers.See the Story
Oceania

Binance Bans Russians From Buying USD, Euro From P2P Service Following New EU Sanctions

100% Center coverage: 1 sources
Cryptocurrency exchange Binance has introduced new restrictions for Russian users. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. The measures are in compliance with the 10th round of EU sanctions on Russia announced on the first anniversary of Ukraine war.See the Story

USDC, crypto rallies on news that SVB, Signature Bank deposits are safe

Crypto markets rallied after regulators said both SVB and Signature Bank reserves would be returned, while USDC nearly regained its peg.See the Story
Federal Reserve

Shiba Inu Price Prediction as SHIB Becomes Top 20 Most Traded Coin in 24 Hours – Is a SHIB Pump Coming?

Shiba Inu's price has fallen by 9% in the past 24 hours. It's also down by 17% in a week and by 30% in last 30 days. Despite this, it remains the fourth-most widely held ERC-20 token among whales in dollar terms. The beta launch of layer-two network Shibarium is imminent.See the Story
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