Search Results for "ico"
Why Multicoin Capital Invested $5.7M in Squads Labs
Multicoin Capital discloses a $5.7 million investment in Squads Labs, bolstering the multisig standard on Solana. The funding accelerates Squads' blockchain-native custody infrastructure, spotlighting major upgrades like SquadsX and Squads (v4), which are set to redefine self-custody and on-chain capital coordination.
Overnight collapse of two traditional banks triggers chaos
The collapse of Silicon Valley Bank and Signature Bank caused major chaos, resulting in stablecoins depegging from the U.S. dollar. The federal government has taken action to protect depositors, and President Joe Biden has vowed to hold those responsible accountable.
Former IcomTech CEO Marco Ochoa Sentenced for Wire Fraud Involving Crypto Ponzi Scheme
Marco Ochoa, ex-CEO of IcomTech, has been sentenced to five years in prison for wire fraud in a crypto Ponzi scheme, with a $914,000 forfeiture and two years of supervised release.
FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services
The FDIC has asked banks interested in acquiring failed U.S. lenders, Silicon Valley Bank and Signature Bank, to submit bids by March 17. The authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms. The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank. This news comes amid concerns expressed by U.S. Representative Tom Emmer that the federal government is “weaponizing” issues around the banking industry to go after crypto.
CEO of IcomTech Pleads Guilty in Cryptocurrency Ponzi Scheme
Marco Ruiz Ochoa, former CEO of IcomTech, pleaded guilty to conspiracy to commit wire fraud for his role in a large-scale cryptocurrency Ponzi scheme. The company falsely promised high returns on cryptocurrency investments and used promotional tactics to lure victims. Ochoa now faces up to 20 years in prison.
Is Mexico the Next to Legalize Bitcoin? Senator Indira Kempis Drops a Hint
Mexican Senator Indira Kempis is ready to send a bill to Congress which will seek to legalize Bitcoin as a legal tender in the country.
Bitcoin's Market Cap Surpasses Meta's Despite Turbulent Week for Crypto
Bitcoin's market cap has surpassed that of tech giant Meta, despite a turbulent week for the crypto market following the downfall of Silicon Valley Bank and Signature Bank. Bitcoin's market cap has risen 9.7% in the past 24 hours, sitting at $471.86 billion and ranking it 11th among top assets by market cap.
Yellen Works with Regulators to Address Silicon Valley Bank Collapse
United States Treasury Secretary Janet Yellen is working with regulators to address the collapse of Silicon Valley Bank (SVB), one of the top 20 largest banks in the US. Yellen has stated that they are focused on protecting depositors, particularly small businesses that employ people across the country, and that they are considering a range of available options, including acquisitions from foreign banks.
OKX and Google Cloud Host Successful Hackathon for Decentralized Applications on OKT Chain
OKX, the second largest crypto exchange by trading volume and a leading Web3 technology company, has teamed up with Google Cloud to host the OKX Hackathon to drive growth and innovation of the blockchain ecosystem. The three-day event, held in Silicon Valley, aimed to encourage developers to build decentralized applications on OKT Chain, a leading layer 1 blockchain built on Cosmos.
Multicoin Capital Injects $430m Venture Fund III for Blockchain Startups
Cryptocurrency investment firm Multicoin Capital has announced the launch of $430 million Venture Fund III to help startups focused on decentralized autonomous organizations (DAOs), open finance, Web3 infrastructure, and more.
How Should the Bticoin Halving Impact the Cryptocurrency Market
The Bitcoin halving, a four-year event, reduces the reward for miners, impacting crypto trading, profitability, market dynamics, and price volatility. It can create positive sentiment, attract institutional investors, and benefit various participants in the cryptocurrency ecosystem.
Telegram Prohibited from Issuing Gram Tokens as US Court Grants SEC's Injunction
A United States District Court has sided with the US Securities and Exchange Commission (SEC) granting an injunction against Telegram to to temporarily prevent the company from issuing its Gram tokens.