Who should be held responsible for the Silvergate Bank and SVB crises?

As bank after bank topples, fingers are pointing everywhere. But crypto is not to be blamed for this unfolding crisis, writes Winston Hsiao of XREX.

Circle’s USDC bounces back after Silicon Valley Bank bust

Top blockchain and crypto news: USDC stabilizes after SVB collapse. Silvergate closes shop. China tightens financial supervision.

India imposes money laundering regulations on crypto industry

India’s crime fighting agencies have been investigating crypto exchanges and individuals on money laundering charges and have now put the onus on exchanges to report suspicious transactions.

Circle’s Disparte speaks on de-risking crypto from banking risks

The recent U.S. banks fallout is a stress test for both traditional finance and digital assets but to weather the storm side by side is a powerful opportunity, says Circle Chief Strategy Officer Dante Disparte.

A crisis of value?

Why the banking collapse could save NFTs.

Banks are bringing systemic risks to crypto, says Circle’s Disparte

The recent U.S. bank failures are proof that the banking system is introducing systemic risks to the crypto industry, not vice versa, says Circle chief strategy officer Dante Disparte.

Beware the perils of one-size-fits-all approach to crypto investing

The collapse of Voyager and Celsius highlights the risks of crypto investing apps and underscores the need for tailored user education, writes Jackson Zeng of Caleb & Brown.

Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk

Circle said its $3.3 billion of USDC cash reserves at the collapsed Silicon Valley Bank will be available Monday after regulators stepped in to backstop deposits.

Weekly Market Wrap: Bitcoin falls below US$20,000 as Silvergate collapse, rate hike concerns rise

Bitcoin fell below US$20,000 for the first time since Jan. 13 on the back of crypto bank Silvergate’s collapse and the U.S. Fed signaling higher than expected interest rate hikes.

Worst week of 2023

Crypto markets slammed by Fed, Silvergate, lawsuits.

Bet on the Black? Take a punt on the Red? Or maybe put it all down on an NFT?

Savvy traders are quick to extract liquidity to reinvest into the “slot machines” of the NFT casino, according to CryptoSlam’s NFT strategist.

Why global coordination on crypto regulation is paramount

In the race to tame crypto’s excesses, we need to avoid regulatory clashes while DeFi draws lessons from TradFi, writes Rachel Lin of SynFutures.

Most of NFT industry working on recycled liquidity, says Forkast Labs’ co-founder

NFT sales and market capitalization show rising investor activities, but recycled liquidity and wash trading may tell a different story, Forkast Labs co-CEO says.

Silvergate teeters as regulators circle and crypto firms cut ties

Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.

Weekly Market Wrap: Bulls fight to keep Bitcoin above US$22,300, as industry experts predict ‘crab walk’

With 69% of Bitcoin supply in profit, BTC is struggling to stay above the US$22,300 support level. A daily close below US$22,300 could see Bitcoin retest the US$21,450 support level. Industry experts share their end-of-March Bitcoin price predictions with Forkast.

Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop

The number of unique buyers rose to an all-time high this week after crypto exchange Coinbase dropped free NFTs to celebrate the launch of its new Layer 2 network Base.

Where is China’s digital economy heading? The ‘Two Sessions’ may give some pointers

Look for blockchain, self-reliance in technology discussions in China’s biggest political meetings of the year as China’s President Xi Jinping’s aims to build a digital economy.
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Why DAO governance is riddled with problems and voting is a farce

DAOs are supposed to be democratic, egalitarian and inclusive, but those ideals are far from the current reality, writes Awa Sun Yin of Namada.

Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies

DBS bank’s digital exchange, which serves institutional clients, said macroeconomic conditions last year were not suitable for security token offerings (STO), but it will explore opportunities for such listings in 2023 and plans to add more crypto tokens.

Blur NFT wash trading soars, fueling market distortions

Top blockchain and crypto news: Blur wash trading explodes. Coinbase extends developer foray with Base test. Hong Kong crypto embrace gets Beijing’s nod.

FastForkast headlines

Signum Digital says it won first approval to offer security tokens in Hong Kong

Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks

US, Germany shut ChipMixer for alleged ties to US$3 bln crypto laundering 

Bitcoin, Ether, Forkast 500 NFT index fall; euros rises amid Credit Suisse’s loan

Ripple executives say XRP lawsuit ruling will have little impact on global business operations

South Korea cranks up pressure to extradite Do Kwon, founder of failed Terra-Luna stablecoin

US accuses exiled Chinese tycoon Guo Wengui of $1 billion crypto-linked fraud

Bitcoin, Ether drop, other top cryptocurrencies retreat as bank liquidity concerns rise

Bitcoin, Ether, Forkast 500 NFT index extend gains; U.S. banking crisis concerns ease as inflation slows to 6%

Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected

Bitcoin, Ether continue run up; Solana, Dogecoin lead gainers; U.S. equities rebound

Binance suspends pound sterling services for U.K. customers as payment provider backs out

Bitcoin breaks US$26,000 as inflation cools in February

Bitcoin, Ether extend gains as U.S. regulators take charge of banking industry turmoil

China regulator says NFT-related complaints skyrocketed in 2022

FBI investigating the collapse of Do Kwon’s Terra-Luna, WSJ reports

Bitcoin jumps above US$24,000, leading crypto gains as U.S. acts to backstop banks

Bitcoin, Ether gain after U.S. regulators take charge to shield deposits across crypto-related banks

Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River

U.S. regulators shutter Signature Bank, lender to Paxos, Coinbase, citing systemic risk

New York attorney general sues KuCoin for ‘falsely representing itself as an exchange’

Biden administration proposes 30% crypto mining tax, closing wash-trading loopholes

Bitcoin, Ether slump in broad sell-off amid Fed red flags on rates, Silvergate Bank failure

CFTC chair calls Ethereum a commodity, in contrast to SEC chair Gensler’s position

Bitcoin, Ether fall amid interest rate hike fears, Silvergate liquidation; Forkast NFT 500 index slips 0.79%

Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82%

Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil

Bitcoin crashes through US$22,000 floor as failure of Silvergate crypto bank hits market

Thailand to offer tax breaks to firms issuing investment tokens

Bitcoin, Ether fall amid U.S. Fed chair warning of more interest rate hikes; Forkast NFT 500 index slips 0.65%

Fed’s Powell says stablecoins could have role in financial sector if properly regulated

Bitcoin dips, Ether little changed, with top 10 crypto mixed following U.S. equity slump

SEC shuts Miami hedge fund for alleged ties to US$100 mln crypto fraud 

FTX’s Alameda sues Grayscale over crypto trusts

Bitcoin, Ether inch up as investors await U.S. Fed chair’s comments; Forkast NFT 500 index dips 0.44%

Hong Kong’s crypto scam losses in 2022 more than double from 2021: SCMP

South Korea reports US$4.3 billion in illegal foreign transactions involving cryptocurrencies

Bitcoin, Ether little-changed in downtrend day; Forkast NFT 500 index dips

Kraken to launch U.S. crypto bank amid regulatory headwinds

Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

Bitcoin ATM firm accused of profiting from crypto scams via unlicensed machines: U.S. Secret Service

Bitcoin gains, all other top 10 cryptos in the red amid Silvergate fallout

Binance documents show ties to U.S. unit unknown to regulators, WSJ reports

Bybit suspends U.S. dollar bank transfers, possible link to Silvergate shuttering crypto banking network

Bitcoin, Ether fall; Litecoin is biggest loser of day

Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate

Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board

Bitcoin, Ether fall along with most top 10 cryptos amid potential for larger interest rate hikes

Bitcoin, Ether rise; Polygon leads rebound in top 10 non-stablecoin cryptocurrencies

Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser

Visa not slowing down with crypto plans, says its crypto chief

Bitcoin, Ether rise along with most top 10 cryptos, amid ‘bull trap’ warning