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Top crypto.news News

Yellen says no federal bailout for Silicon Valley Bank
Janet Yellen · Washington

Yellen says no federal bailout for Silicon Valley Bank

61% Center coverage: 173 sources
Treasury Secretary Janet Yellen says government will not bail out Silicon Valley Bank. Yellen: Federal Deposit Insurance Corporation insures deposits up to $250,000. Many of the companies and wealthy people who used the bank had more than that. There are fears that some workers across the country won't receive their paychecks.See the Story
Meta to wind down NFTs on platforms amid crypto bust
Instagram · Menlo Park

Meta to wind down NFTs on platforms amid crypto bust

55% Center coverage: 20 sources
Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than a year after rolling it out, as the crypto market continues to spiral.See the Story
USA: After Silicon Valley Bank, regulators shut down a second American bank
Silicon Valley Bank

USA: After Silicon Valley Bank, regulators shut down a second American bank

53% Right coverage: 15 sources
On Friday, California regulators shut down Silicon Valley Bank (SVB) as depositors concerned about the institution’s balance sheet rushed to withdraw their money. It marked the biggest US bank collapse since Washington Mutual failed during the height of the 2008 global financial crisis. On Sunday, Secretary of the Treasury Janet Yellen, Federal Reserve Board Chair Jerome Powell, and FDIC Chairman Martin Gruenberg announced the US was introducing emergency measures to protect the economy.See the Story

Latest News Stories

NFT

Galaxy Digital Report Predicts Bitcoin NFT Market Could Reach $4.5 Billion by 2025 – Bitcoin News

There are greater than 288,000 Ordinal inscriptions hosted on the Bitcoin blockchain. Galaxy Digital's analysis crew claims the market dimension of non-fungible tokens (NFTs) constructed on Bitcoin may attain $4.5 billion over the subsequent two years. The researchers at Galaxy suppose that new use instances stemming from the inscription development will drive growing interest and adoption for bitcoin.
See the Story
Offbeat · Cohasset

Police: Crypto mining operation found in school crawl space

46% Left coverage: 37 sources
A former employee of a Massachusetts town is facing charges of allegedly setting up a secret cryptocurrency mining operation in a remote crawl space at a school, police said.
See the Story
Business

US judge permits lawsuit claiming NBA Top Shot NFTs are securities

60% Center coverage: 5 sources
Dapper Labs will have to defend itself against a lawsuit claiming its Top Shot NFTs are securities. A judge declined to dismiss the case on Wednesday. The lawsuit alleges that Top Shot Moments, an NFT collection that features short clips of NBA highlights, are securities that should have been registered with the SEC.
See the Story
Business · New York

Binance pulls back on potential U.S. investments -CEO

60% Center coverage: 5 sources
Binance CEO Changpeng Zhao says the company has pulled back on some potential investments in the United States. The move follows a Bloomberg News report that said the leading crypto exchange was considering ending relationships with US business partners. Binance is also reassessing US venture capital investments and will consider delisting tokens from any US-based projects, the report said.
See the Story
Business · New York

Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

55% Center coverage: 11 sources
Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show.
See the Story
Business · Washington

SEC charges Terra and Kwon with defrauding investors

50% Center coverage: 16 sources
The U.S. Securities and Exchange Commission has charged crypto developer Do Kwon and his company Terraform Labs with defrauding investors in what the regulator deemed a multibillion-dollar scheme, according to a filing in federal court in the Southern District of New York.
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Business · New York

Hermes wins U.S. trademark trial over 'MetaBirkin' NFTs

58% Left coverage: 12 sources
A Manhattan federal jury on Wednesday concluded that an artist's non-fungible token versions of Hermes' (HRMS.PA) famous Birkin bags violated the French fashion house's trademark rights.
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Europe · Ankara

Around 23 Million May Be Affected By Earthquake In Turkey, Syria: WHO

40% Center coverage: 89 sources
Up to 23 million people could be affected by the massive earthquake that has killed thousands in Türkiye and Syria, the WHO warned on Tuesday (Feb 7), promising long-term assistance.
See the Story

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