17 former Silicon Valley Bank branches will reopen Monday, March 27 as First Citizens Bank
North Carolina-based First Citizens Bank is set to acquire all of Silicon Valley Bank's deposits and loans, as per a statement from the (FDIC) Federal Deposit and Insurance Corporation. Under the agreement, 17 former Silicon Valley Bank branches will open as First Citizens Bank and Trust Company today, on 27th March, when all depositors at Silicon Valley Bank will automatically become First Citizens Bank depositors.
The California-based CEO of Titanium Blockchain has been sentenced to four years in prison
July 2022 Titanium blockchain executive finally sentenced after pleading guilty. Michael Stollery, who founded TBIS (Titanium Blockchain Infrastructure Services), was a crucial figure in a "cryptocurrency fraud scheme" conducted from late 2017 to early 2018 involving an initial coin offering for TBIS, per the Justice Department.
Suspected $4 Million "Exit Scam" Caused Kokomo Finance Take Off
Optimism-based lending protocol Kokomo Finance is suspected of a $4 million “exit scam” that siphoned user funds from the platform through a smart contract loophole. Blockchain security firm CertiK warned its followers about an “exit scam” in a 26th March Twitter post, noting that the Kokomo Finance (KOKO) token had dropped by 95% in a matter of minutes.
The banking crisis sent more than $286 billion into money market funds in the past two weeks
According to EPFR (Emerging Portfolio Fund Research) data obtained by the Financial Times, the banking crisis in the past two weeks has led many investors to rotate their portfolio investments, sending $286 billion into US money market funds so far in March this year.
Crypto exchange Binance has set up a new blockchain hub in crypto-friendly Georgia
In crypto-friendly Georgia, cryptocurrency exchange continues to expand its global reach by setting up a new blockchain hub.
One of the easiest ways to get these unique digital assets without crypto is to buy NFTs with a credit card
The good news is that anyone can buy NFTs without owning any cryptocurrency. For example, users can buy NFTs with dollars, credit cards, or friends. Users must register for an account on the Marketplace that they wish to use to purchase NFTs with a credit card Some marketplaces require identity verification before customers can use a credit card to purchase nonfungible tokens.
VC investment in Europe-based crypto startups hits all-time high in 2022 with $5.7 billion invested
Last year was a tumultuous year for the crypto space, to say the least; An ongoing bear market and one of the major players in the industry from the debacle of LUNA to the collapse of FTX. Despite the setbacks, VC investors continue to show support for crypto startups. As per a new study published by European investment firm RockawayX, VC investment in Europe-based crypto startups will reach an all-time high last year with $5.7 billion invested.
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