Editor Choice
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Exploring the Legality of Stablecoins: A Comprehensive Overview of Digital Currency Evolution
Cryptocurrencies have emerged as digital novelties to serve the function of money. With their underlying technologies, cryptocurrencies came with the…
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FDIC Takes Control of Signature Bank, Third Largest Bank Failure in USA History
On Sunday, state regulators closed down New York-based Signature Bank, which was the third-largest banking failure in US history. This…
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HSBC Acquires Silicon Valley Bank UK with Customer Deposits Protected
HSBC has acquired the UK division of Silicon Valley Bank, which collapsed recently. The UK government and Bank of England…
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Abu Dhabi Royal Group Discusses Possible Buyout of SVB UK After Collapse
Royal Group, an investment company that is controlled by a prominent royal from Abu Dhabi, is contemplating the option of…
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Silicon Valley Bank in Trouble, Bolsters Capital Base Through $2.25Bn Share Sale
Silicon Valley Bank (SVB) is aiming to raise $2.25bn through a share sale after experiencing significant losses on its portfolio…
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Abu Dhabi Al Nawwar Investments to Acquire FTX Interest in Sequoia Capital for $45M
According to court documents, Alameda Research, the investment arm of FTX, has reached a $45 million cash agreement with Abu…
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Crypto Industry Shaken as Silvergate Bank Collapses
Silvergate Capital Corp (SI.N), a bank that focuses on cryptocurrency, announced that it intends to cease operations and voluntarily liquidate…
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GCEX Receives MVP Preparatory License from VARA, Leading the Way in the Global Digital Asset Industry
Global digital asset brokerage and trading platform GCEX, has announced that it has received an MVP Preparatory license from Dubai’s…
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Biden Proposes Budget Aiming to Raise $24 Billion from Crypto Taxes
Crypto traders and investors may be in for a surprise with U.S. President Joe Biden’s upcoming budget proposal, as it…
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Court Greenlights Voyager Digital Plan to Sell Assets to Binance US Despite SEC Arguments
Bankrupt cryptocurrency lender Voyager Digital has received court approval to sell assets worth more than $1 billion to Binance.US. The…
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