More than 280 blockchains at risk of ‘zero-day’ exploits, warns security firm
    14 Mar 2023
    309 Views

    Dogecoin, Zcash and Litecoin have already patched the “critical” vulnerability, but hundreds of others may not have, risking billions’ worth of crypto. 280 or more blockchain networks are estimated to be at risk of “zero-day” exploits that could put at least $25 billion worth of crypto at risk, according to cybersecurity firm Halborn. In a…

    Bitcoin market cap flips tech giant Meta, widens gap on Visa
    14 Mar 2023
    295 Views

    BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla. Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin market cap has managed to flip that of tech giant Meta. At the time of…

    ‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
    13 Mar 2023
    294 Views

    Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks. Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community. On Mar. 12, the Federal Reserve announced the closure…

    Biden vows to hold those responsible for SVB, Signature collapse
    13 Mar 2023
    271 Views

    US President Joe Biden on Twitter said he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.” The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their…

    Silicon Valley Bank collapse: Everything that’s happened until now
    13 Mar 2023
    329 Views

    Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the last week. The sudden collapse of Silicon Valley Bank (SVB) has quickly unfolded over the last week, depegging stablecoins, leading regulators in the United States and the United Kingdom to prepare emergency plans and raising fears among…

    Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
    12 Mar 2023
    296 Views

    Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency. Several USD Coin holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC’s collateral was held at Silicon Valley Bank. However, not all of them had success during panic…