- Spark Newswire

2 minute read

Investors Losing Faith In Crypto As Bitcoin, Ethereum Experience Historic Exodus

Today, 10:51 AM

Digital asset investment products have seen outflows for the fifth consecutive week, with the total amount reaching a record high of $255 million, representing 1.0% of total assets under management (AuM).

$XRP

1 minute read

EU Bank Supervisors Urged To Contain Market Jitters After Silicon Valley Bank’s Collapse

By Murtuza Merchant

Today, 10:51 AM

An influential lawmaker in the European Union has urged regulators to prevent panic from spreading following the collapse of Silicon Valley Bank, part of SVB Financial Group (NASDAQ:

SIVB

2 minute read

Crypto Crash: Euler Finance Token Plummets Over 45% After Massive Hack

By Murtuza Merchant

Today, 10:51 AM

Euler Finance, a lending protocol that facilitates crypto lending and borrowing, has suffered a flash-loan attack resulting in a loss of $197 million, according to security firms BlockSec and PeckShield.

$DAI

2 minute read

USD Coin Defies Gravity And Returns To $1 Peg After Nail-Biting Weekend

By Murtuza Merchant

Today, 10:51 AM

Stablecoin USD Coin (CRYPTO: USDC), issued by Circle, is gradually returning to its $1 peg, after a tumultuous weekend, after CEO Jeremy Allaire

2 minute read

Silicon Valley Bank Depositors Will Have Access To All Their Money, Say Regulators

By Murtuza Merchant

Today, 10:51 AM

Depositors of Silicon Valley Bank (NASDAQ: SIVB) will have access to all their money starting Monday, according to regulators.

$BNB

2 minute read

BAILOUT: Feds Rescue Depositors Amid SVB Bank Collapse

By Murtuza Merchant

Today, 10:51 AM

The Federal Reserve Board on Sunday announced that it will provide additional funding to eligible depository institutions to help them meet the needs of all their depositors, a move that will backstop depositors and protect financial institutio

SIVB

2 minute read

Bank Of London Makes Bid For Silicon Valley Bank UK Subsidiary, While Bitcoin, Ethereum And USDC Rebound

By Murtuza Merchant

Today, 10:51 AM

Bank of London presented an official offer on Sunday to acquire the U.K. subsidiary of Silicon Valley Bank (NASDAQ: SIVB).

$MATIC

2 minute read

U.K. Chancellor Jeremy Hunt Scrambles To Save Tech And Life Sciences Industries Following Silicon Valley Bank Failure

By Murtuza Merchant

Today, 10:51 AM

Over 200 U.K.

SIVB

2 minute read

CZ Speculates On Government Plot To Take Down Banks; Circle Responds To SVB Fall

By Murtuza Merchant

Today, 10:51 AM

Binance (CRYPTO: BNB) CEO Changpeng Zhao, popularly known as “CZ” in the cryptocurrency community, has raised concerns over the recent shutdown of cryptocurrency-friendly banks, stating that it feels like there is a coordinated effort by the U.S.

$BNB

2 minute read

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

By Murtuza Merchant

Today, 10:51 AM

Cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc (NASDAQ: COIN), two of the top cryptocurrency exchanges, announced temporary suspensions of USD Coin (CRYPTO:

$AVAX