Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis.
Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days.
According to Goldman Sachs, the relief package that is currently being provided to distressed banks stops short of similar reliefs implemented during the 2008 financial crisis.
USDC stablecoin issuer Circle has a staggering $3.3 billion of its total reserves with the Silicon Valley Bank. Circle has promised to cover any shortfall using corporate resources as well as external capital if required.
The US government appears to be solely focused on strengthening public confidence in its banking system.
The MiCA law focuses on the management and strict rules for crypto asset service providers.
The whale address has liquidate all its Moonbirds NFTs incurring losses as high 32% on its investments.
Nissan isn’t the first automaker to file a patent for its products. General Motors, Ford, and Benz have all filed multiple Web3 trademark applications.
Aave and Aptos are still reeling from the effects of the 2022 bear market, with their prices continuing to plummet and losing all their momentum. Investors who hold AAVE and APT are facing significant losses.
Web3 Delight, the popular Web3-focused hybrid event that aims to engage, empower and support an advanced economy that is proactive, customized, collaborative and secure, took place on March 6th at BAIC in Riyadh, Saudi Arabia.