Crypto news

Yet another crypto-friendly bank has been forced to shut its doors: Signature Bank – the bank numerous crypto firms retreated to after Silvergate revealed operational difficulties earlier this month.  As with Silicon Valley Bank (SVB), the U.S. government has agreed to fully bail out the firm’s depositors as part of a “systemic risk exception.” In a joint statement from the Federal Reserve, Treasury Department, and Federal Deposit Insurance Corporation, the parties clarified...

The U.S. government’s biggest financial regulators released a joint statement on Sunday promising to save every last depositor at Silicon Valley Bank (SVB) – even those not fully covered by standard federal deposit insurance.  In response to the news, both Bitcoin and USDC are quickly returning to their price levels from before the bank’s collapse.  The Federal Reserve, Treasury Department, and Federal Deposit Insurance Corporation jointly announced that every depositor would...

Minneapolis-based cybersecurity firm Jamf Threat Labs found a crypto-jacking program well hidden in pirated copies of Apple’s Final Cut Pro. Jamf warns Apple chip speed will make Macs increasingly popular targets for malware attacks. In its report, Jamf said: “During routine monitoring of our threat detections in the wild, we encountered an alert indicating XMRig usage, a command-line crypto-mining tool. While XMRig is commonly used for legitimate purposes, its adaptable,...

In 2023, the Super Bowl had two football teams pitted against each other and a halftime show that ultimately caused controversy with some while really hitting chords with others. However, something was missing… Do you all know what it was? Here’s a hint. It involved television, advertisements, and digital currency… This Year’s Super Bowl Featured No BTC Commercials For those that watched this year’s Super Bowl, you likely noticed that no crypto-centered commercials...

Despite the ongoing bearish sentiment among market participants following the recent turmoil of SVB bank and its effect on USDC, Ethereum’s price has found substantial support amid the $1450 price range. The upcoming days will be crucial to see whether ETH can hold the critical level or continue its negative sentiment. Technical Analysis By Shayan The Daily Chart After breaking above the upper trend-line of the symmetrical triangle and consolidating for an extended period,...

Former NBA star Shaquille O’Neal and professional tennis player Naomi Osaka may avoid being held accountable in the collective lawsuit against cryptocurrency exchange FTX due to a lack of notification. As per the order issued on March 9, US District Judge Kevin Moore stated that it is unclear if O’Neal and Osaka were notified of the lawsuit. Therefore, the judge has requested that the plaintiffs explain why the sports stars should not be dismissed from the lawsuit. What Are...

Valentine’s Day this year was wrought with chocolates, roses, and a few dozen romance scams. The Federal Bureau of Investigation (FBI) says several of these scams popped up during or prior to the national holiday, and that the problems surrounding romance scams are getting worse. Romance Scams Were Big This Holiday In 2021 alone, more than 24,000 people were either targeted by or fell victim to romance scams according to the federal agency. The process works as such: a...

It’s been one year since the Swiss city of Lugano established Bitcoin and Tether (USDT) as de facto legal tender within its borders. Since then, how has its adoption initiative fared?On Monday, Tether published a breakdown of various milestones the city has reached around crypto infrastructure and education under “Plan B.” According to Tether’s post, over 150 merchants around Lugano are now accepting Bitcoin, Tether, and LVGA – Lugano’s Swiss-franc pegged stablecoin – for...

A young woman – who remains anonymous at press time – has come out to discuss her circumstances of falling victim to a crypto romance scam. How One Woman Lost a Lot of Money to a Crypto Scam Having finalized her divorce last year, the lady decided to put herself back on the market and try dating apps for the first time. As the mother of a young daughter, she is keeping her identity hidden at this time, but she mentioned she lives near a town called Springfield and she’s...

A second-year B.Com student from the Indian city Lucknow reportedly hanged himself after losing a bitcoin investment worth ₹3.5 lahks ($4,200). The local police assured they will investigate the tragic event once the victim’s family filed a complaint.  Depression and Then Suicide According to coverage by Hindustan Times, the boy distributed the sum through an online crypto investment company which he previously found while using Telegram. The firm promised high returns, and...