After the collapse of Silicon Valley Bank (SVB) last week, NFT trading volumes took a big hit, hovering between $68 million and $74 million before the collapse of Silicon Valley Bank on March 10, according to a March 16 report from data aggregation platform DappRadar. million before falling to $36 million on March 12. From March 9th to March 11th, the number of NFT sales in a single day dropped by 27.9%. According to DappRadar, there were 11,440 "active" NFT traders on March 11, the lowest nu...

After the collapse of Silicon Valley Bank (SVB) last week, NFT trading volumes took a big hit, hovering between $68 million and $74 million before the collapse of Silicon Valley Bank on March 10, according to a March 16 report from data aggregation platform DappRadar. million before falling to $36 million on March 12. From March 9th to March 11th, the number of NFT sales in a single day dropped by 27.9%. According to DappRadar, there were 11,440 "active" NFT traders on March 11, the lowest nu...

The Federal Reserve announced that it will provide additional funds to eligible depository institutions to help ensure that banks have the ability to meet the needs of all depositors. With the approval of the Minister of Finance, the Ministry of Finance will provide up to 25 billion US dollars from the Exchange Stabilization Fund as BTFP (Bank Term Funding Program) support. However, the Fed does not expect to need to use these support funds. Additional funding will be provided through the cre...

The Federal Reserve announced that it will provide additional funds to eligible depository institutions to help ensure that banks have the ability to meet the needs of all depositors. With the approval of the Minister of Finance, the Ministry of Finance will provide up to 25 billion US dollars from the Exchange Stabilization Fund as BTFP (Bank Term Funding Program) support. However, the Fed does not expect to need to use these support funds. Additional funding will be provided through the cre...

Houbi Korea announced today that it changed its name to "High Block" and officially became an independent Korean company. Houbi Korea previously entered South Korea after Houbi Global, which was headquartered in Singapore at the time, established a Korean company in 2017. The previous largest shareholder of Houbi Korea was Huobi Technology (now Xinhuo Technology), a subsidiary of the former Houbi Global, holding about 70% of the shares. The relationship between Houbi Korea and its global pare...

Houbi Korea announced today that it changed its name to "High Block" and officially became an independent Korean company. Houbi Korea previously entered South Korea after Houbi Global, which was headquartered in Singapore at the time, established a Korean company in 2017. The previous largest shareholder of Houbi Korea was Huobi Technology (now Xinhuo Technology), a subsidiary of the former Houbi Global, holding about 70% of the shares. The relationship between Houbi Korea and its global pare...

Following the regulation of cryptocurrencies, European politicians are considering the next step in attracting Web3 businesses, potentially targeting privacy-respecting tailor-made blockchains, Belgian digital minister Mathieu Michel said in an interview. According to Michel, the new "Europeum" blockchain could be a tool for recording property ownership, driver's licenses or professional qualifications while adhering to the EU's high regulatory norms. After a string of scams and sca...

Following the regulation of cryptocurrencies, European politicians are considering the next step in attracting Web3 businesses, potentially targeting privacy-respecting tailor-made blockchains, Belgian digital minister Mathieu Michel said in an interview. According to Michel, the new "Europeum" blockchain could be a tool for recording property ownership, driver's licenses or professional qualifications while adhering to the EU's high regulatory norms. After a string of scams and sca...

Cryptocurrency exchange Gemini tweeted that neither the exchange’s client funds nor GUSD reserves are held in Signature Bank. Gemini said it has worked with Signature in the past, but all of its client funds are now in JPMorgan, Goldman Sachs and State Street, and all GUSD reserves are held by State Street, Goldman Sachs and Fidelity.

Cryptocurrency exchange Gemini tweeted that neither the exchange’s client funds nor GUSD reserves are held in Signature Bank. Gemini said it has worked with Signature in the past, but all of its client funds are now in JPMorgan, Goldman Sachs and State Street, and all GUSD reserves are held by State Street, Goldman Sachs and Fidelity.

More than 100 venture capital firms have signed a statement supporting Silicon Valley Bank. The statement, led by venture capital firm General Catalyst, had been signed by about 125 venture capital firms, including Sequoia Capital, as of Saturday afternoon San Francisco time, according to a person familiar with the matter. The statement described the events of the past two days as deeply disappointing and concerning, and said investors would continue their relationship with the institution sh...

More than 100 venture capital firms have signed a statement supporting Silicon Valley Bank. The statement, led by venture capital firm General Catalyst, had been signed by about 125 venture capital firms, including Sequoia Capital, as of Saturday afternoon San Francisco time, according to a person familiar with the matter. The statement described the events of the past two days as deeply disappointing and concerning, and said investors would continue their relationship with the institution sh...

Credit Suisse said it planned to borrow up to 50 billion Swiss francs from the SNB through a guaranteed loan program. Credit Suisse also announced that Credit Suisse International intends to repurchase certain OpCo senior debt securities for up to CHF 3 billion in cash. The additional liquidity will support Credit Suisse's core business and clients, Credit Suisse said in a statement. Credit Suisse will take the necessary steps to create a simpler bank that is more focused on the needs of...

Credit Suisse said it planned to borrow up to 50 billion Swiss francs from the SNB through a guaranteed loan program. Credit Suisse also announced that Credit Suisse International intends to repurchase certain OpCo senior debt securities for up to CHF 3 billion in cash. The additional liquidity will support Credit Suisse's core business and clients, Credit Suisse said in a statement. Credit Suisse will take the necessary steps to create a simpler bank that is more focused on the needs of...

Worldcoin, the cryptocurrency company founded by OpenAI CEO Sam Altman, plans to launch its mainnet in the first half of this year. Worldcoin is partnering with Florida-based global manufacturing giant Jabil to outsource production of a portable iris-scanning device due to debut in 2021 to ramp up production of its iris-scanning spheres, according to two people familiar with the matter. It is reported that Worldcoin plans to issue a global digital currency to everyone in the world, and use a ...

Worldcoin, the cryptocurrency company founded by OpenAI CEO Sam Altman, plans to launch its mainnet in the first half of this year. Worldcoin is partnering with Florida-based global manufacturing giant Jabil to outsource production of a portable iris-scanning device due to debut in 2021 to ramp up production of its iris-scanning spheres, according to two people familiar with the matter. It is reported that Worldcoin plans to issue a global digital currency to everyone in the world, and use a ...

The NFT market platform X2Y2 tweeted that it will charge management fees for NFT loans and refinancing starting today. Specifically, for each NFT loan, 10% interest will be charged to the lender as a platform fee, and 0.2% of the principal will be charged to the borrower as a refinancing service fee.

The NFT market platform X2Y2 tweeted that it will charge management fees for NFT loans and refinancing starting today. Specifically, for each NFT loan, 10% interest will be charged to the lender as a platform fee, and 0.2% of the principal will be charged to the borrower as a refinancing service fee.

Conor Grogan, director of Coinbase, posted on social media that he had inserted a real-time Ethereum smart contract into ChatGPT-4. As a result, the AI ​​​​found security holes in an instant, and even showed how to use these holes to attack. Conor Grogan said that the contract was indeed exploited by hackers in 2018. In addition, he also revealed that he also tried Euler's smart contract, but it could not be processed by ChatGPT-4 because the contract was too long. Conor Grogan admitted ...

Conor Grogan, director of Coinbase, posted on social media that he had inserted a real-time Ethereum smart contract into ChatGPT-4. As a result, the AI ​​​​found security holes in an instant, and even showed how to use these holes to attack. Conor Grogan said that the contract was indeed exploited by hackers in 2018. In addition, he also revealed that he also tried Euler's smart contract, but it could not be processed by ChatGPT-4 because the contract was too long. Conor Grogan admitted ...

Binance announced that it has converted BUSD held in the User Security Asset Fund (SAFU) into TUSD and USDT to ensure that the assets in SAFU protect users in the long-term as the BUSD market continues to decline. Binance stated that the SAFU fund will be closely monitored to ensure it is well capitalized and will be regularly replenished with Binance’s own funds if necessary.

Binance announced that it has converted BUSD held in the User Security Asset Fund (SAFU) into TUSD and USDT to ensure that the assets in SAFU protect users in the long-term as the BUSD market continues to decline. Binance stated that the SAFU fund will be closely monitored to ensure it is well capitalized and will be regularly replenished with Binance’s own funds if necessary.

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are scheduled to brief the California delegation on Saturday at 11 p.m. ET on Silicon Valley Bank, according to three people familiar with the matter. Additionally, the US Treasury Department will hold a separate briefing on Sunday at 1 p.m. According to previous news, people familiar with the matter said that the FDIC and the Federal Reserve are considering setting up a fund that would allow regulators to provide more d...

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are scheduled to brief the California delegation on Saturday at 11 p.m. ET on Silicon Valley Bank, according to three people familiar with the matter. Additionally, the US Treasury Department will hold a separate briefing on Sunday at 1 p.m. According to previous news, people familiar with the matter said that the FDIC and the Federal Reserve are considering setting up a fund that would allow regulators to provide more d...