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Silicon Valley Bank plunges 60% before halt, Signature trading stopped shortly after open

Silicon Valley Bank plunges 60% before halt, Signature trading stopped shortly after open

Silicon Valley Bank, a popular destination for start-ups and venture firms, was halted for news pending. Signature Bank, a potential alternative to Silvergate, fell 25% at the open on Friday.

The post Silicon Valley Bank plunges 60% before halt, Signature trading stopped shortly after open appeared first on The Block.

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DegenZoo used AI to create Logan Paul’s NFT game without him

Logan Paul was shamed for promoting NFT project CryptoZoo as a fun game without building it. The community made one anyway.

The post DegenZoo used AI to create Logan Paul’s NFT game without him appeared first on The Block.

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Uniswap v3 protocol will become free to use after business license expires on April 1

Uniswap v3 is set to become completely free for use as open source software after the expiration of its current business license April 1.

The post Uniswap v3 protocol will become free to use after business license expires on April 1 appeared first on The Block.

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Lost and found: Aave begins first phase of token recovery rescue mission

Aave DAO delegates have voted in favor of a proposal to rescue tokens lost by users of the DeFi lending protocol.

The post Lost and found: Aave begins first phase of token recovery rescue mission appeared first on The Block.

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Blockchain.com to wind down its asset management arm

Crypto startup Blockchain.com winding down its asset management arm, which launched last April.

The post Blockchain.com to wind down its asset management arm appeared first on The Block.

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Ark loads up on Coinbase stock, adds more than $20 million across two funds

Ark Invest has been buying more Coinbase stock over the past few months despite increased regulatory scrutiny and dwindling trading volumes on the platform.

The post Ark loads up on Coinbase stock, adds more than $20 million across two funds appeared first on The Block.

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US DoJ appeals billion-dollar Binance.US acquisition of Voyager assets

After New York’s bankruptcy court approved Binance.US’ plan to purchase Voyager’s assets, the DoJ is making an effort to block the billion-dollar deal. 

The post US DoJ appeals billion-dollar Binance.US acquisition of Voyager assets appeared first on The Block.

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Crypto VCs urge portfolio companies to pull funds from Silicon Valley Bank

Five crypto-focused venture firms said they have advised portfolio companies to withdraw funds from Silicon Valley Bank, the ailing lender.

The post Crypto VCs urge portfolio companies to pull funds from Silicon Valley Bank appeared first on The Block.

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BTC reaches lowest point in 7 weeks, crypto market slides after Silvergate announcement

Cryptocurrency prices fell sharply throughout the afternoon, as investor sentiment was shaken following Silvergate’s shutdown announcement. 

The post BTC reaches lowest point in 7 weeks, crypto market slides after Silvergate announcement appeared first on The Block.

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Bakkt’s Q4 earnings dragged down by goodwill impairment charge of $272 million

Bakkt’s revenue grew year-on-year as the firm revealed plans to meet 2023 goals.

The post Bakkt’s Q4 earnings dragged down by goodwill impairment charge of $272 million appeared first on The Block.

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