Bitcoin has rallied 20% this month amid a global wave of bank failures.

Bitcoin was born out of a similar banking crisis. In 2009, a staggering 140 US banks failed. Bitcoin creator Satoshi Nakamoto built Bitcoin to disintermediate third parties from digital cash transactions. Using the Bitcoin network, no one need trust any bank nor government to confirm payment.

Listen to how Bitcoin remains a resilient contender as banks struggle to stay afloat.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.

South Korean authorities have announced an investigation into executives at Bithumb’s parent company following allegations that it listed certain cryptocurrencies in exchange for money.

As reported by Chosun Biz, the Seoul Southern District Prosecutors’ Office disclosed on Friday that a number of senior figures at Bithumb Holdings are under investigation.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.

Crypto exchange Coinbase reportedly offered a $3 billion lifeline to Circle as its stablecoin USDC de-pegged as a result of Silicon Valley Bank’s (SVB) collapse, according to a person familiar with the arrangement speaking to Fortune.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.

“Where is Powell? Where is Yellen? Stop this Crisis NOW,” cried a perturbed and angry David Sacks before market close on Friday March 10.

Sacks, the VC famous for co-founding PayPal, his tech investments, and for buying and dumping $1 billion worth of Solana, was raising the alarm that Silicon Valley Bank had financial troubles and could risk a bank run.

In his panicky tweets, Sacks argued that if SVB wasn’t saved, regional and small banks would also experience bank runs, causing financial chaos.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.

The largest DeFi money market on Binance’s blockchain, Venus (XVS), finances a curious book. A string of events put it at risk of overexposure to assets from hacks and bridge exploits. Venus considers some $250 million worth of stolen BNB to be part of its so-called total value locked (TVL).

Today, it claims to possess roughly $950 million of TVL within Binance’s Smart Chain ecosystem, inclusive of those illegitimate funds, while community members have accused Venus Protocol of hiding some of its liabilities.

Hosted on Acast. See acast.com/privacy for more information.

Crypto trading platform Coinbase has reportedly reached out to institutional clients about possible plans to set up a trading platform outside of the US. With crypto-friendly banks dwindling and regulatory scrutiny increasing, the potential move comes as no surprise.

Listen to the full story to learn Coinbase's history of nefarious dealings and why everyone might not be all open arms.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.

Parent of Hugh Hefner’s Playboy, PLBY Group, has disclosed a loss of $4.9 million on the Ethereum it held last year — citing a crypto winter as the cause.

Playboy’s NFT collection, Rabbitars, launched in 2021 at the peak of the NFT craze. The price of Ether since Rabbitars was released has since plummeted over 60%.

Find out what the decreasing NFT collection means for Playboy by listening to the clip above.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.

After the Shanghai update, users will be able to unstake their ETH and sell or migrate to a new liquid staking service.

Prior to Shanghai, liquid staking services have only been competing for inflows. However, next month staking administrators will have to compete against other staking services just to retain their current depositors.

Currently, ETH liquid staking tokens belonging to just two services — Lido (stETH) and Coinbase (cbETH) — are worth over $10 billion. But there are other services out there vying for dominance.

Listen to the video for a review of Ethereum’s major liquid staking services.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.

Anxious traders looking to swap Circle’s stablecoin USDC should look out for scams.

Indeed, scammers have been pretending to be a legit swap market called ‘circle swap,’ when, in reality, ether was being drained from victims’ wallets.

Listen to how Tuesday’s attackers created a convincing mock-up using Circle’s name and a fake partnership in the hope of luring USDC holders in.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.

Major crypto bank, Signature, experienced major liquidity issues this week following the loss of FTX, subsequently leading to a sharp drop in stock price and a bank-run situation. Among its depositors were real estate and law firms -- but another sector under threat of breaking its leg was New York's musical theater scene.

According to insiders who spoke to Broadway News, Signature bank was a favorite of the Broadway industry. Signature reportedly propped up a significant number of shows, meaning its collapse would lead to dramatic consequences for broadway.

For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.

Hosted on Acast. See acast.com/privacy for more information.