Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues
SBNY shares sank as low as $64.60 at 14:45 UTC on Friday, a drop of around 28% from its opening price of just over $90.
Read MoreEther Hits Two-Month Low Under $1.4K as Coinbase Premium Index Dwindles
The decline comes as New York Attorney General referred to ETH as security in its lawsuit against the cryptocurrency exchange KuCoin.
Read MoreFacebook Parent Company Meta Exploring Decentralized App: Report
The app, codenamed P92, will be a standalone product for sharing text updates
Read MoreFinance Is Headed Toward Bank-Free, Decentralized Future: Bernstein
Bank-free decentralized finance will be a trillion-dollar asset pool with over $40 billion in revenue by 2028, the report said.
Read MoreDeFi Protocol Tender.fi Hacker Returns $1.6M Following Chainlink Oracle Glitch
A white hat hacker that targeted DeFi protocol Tender.fi has returned $1.6 million that was stolen on Tuesday, receiving a 62.15 ether ($85,000) bug bounty instead.
Read MoreSilicon Valley Bank Rocks Crypto and Equity Markets Ahead of Nonfarm Payrolls
Pressure on the U.S. banking system is questioning whether the Fed can push ahead with such an aggressive tightening cycle, analysts at ING said.
Read MoreReplacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan
Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp, the report said.
Read MoreU.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs
Read MoreHuobi’s HT Token Suddenly Falls 93%, Then Rebounds Just as Quickly
Huobi’s HT token, the native token of the cryptocurrency exchange, momentarily dropped 93% on Thursday for reasons that are unclear.
Read MoreWhat Happens If Ether Is a Security?
A recent suit filed by the New York Attorney general could have far-ranging complications for crypto exchanges that list ether and similar tokens.
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