Circle clears ‘substantially all’ minting and redemption backlog for USDC
The stablecoin issuer said as at U.S. banking close on Wednesday, it redeemed $3.8 billion USDC and minted $0.8 billion...
Day: 15 March 2023
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is...
Blame traditional finance for the collapse of Silicon Valley Bank
Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency. The entire...
OpenAI co-founder’s ‘World ID’ project launches, along with SDK waitlist
The new IDs will allow users to prove they are unique humans without revealing personal information on websites. Crypto unicorn...
Gensler suggests staking token operators should ‘seek to come into compliance’
The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made...
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018,...
Salesforce Web3 to help brands build trusted and scalable NFT programs
The platform promised to help companies create, manage, and deploy non-fungible tokens (NFTs) in a trusted, scalable, and sustainable way....
Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees
FTX's legal counsel requested insurers to advance or reimburse Bankman-Fried's defense costs and fees under the company's directors and officers...
Senator Warren says Fed chair ‘has to recuse himself’ from reviewing regulatory failures
Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve's supervision and regulatory activities following Silicon...
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year...
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