SVB Collapse Tanked NFT Trading Volumes, DappRadar Report Suggests

March 18, 2023
The Last Cryptocurency
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Not all collections of non-fungible tokens, however, were affected in the same way. Projects from NFT issuer Yuga Labs, including Bored Ape Yacht Club and CryptoPunks, saw their floor prices dip slightly on Saturday, but the prices quickly recovered. One Twitter user compared CryptoPunks to USDC, claiming it was more stable than the stablecoin, which lost its peg to the U.S. dollar after Silicon Valley Bank’s collapse. The bank failed after it sold a large portion of its holdings at a loss to meet a deluge of customer withdrawal requests.

Hydrogen Technology executives Michael Kane and Shane Hampton were jailed for fraud and securities manipulation. For the first time, a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices was securities fraud, the U.S. DOJ said. Two Hydrogen Technology executives were sentenced to jail for defrauding

Solana’s SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months

Solana's native token SOL has rallied 20% in the last 24 hours, continuing a three-week upswing that erased the asset's yearly losses – and then some.The token was trading hands near $54 at press time according to CoinDesk market data. It had last held that level in the weeks following Terra Luna's market-shattering collapse in

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DYdX to Debut Perpetual Futures on Prediction Markets as DEX Seeks to Raise Profile

Decentralized cryptocurrency exchange dYdX plans to list perpetual futures on prediction markets, d'Haussy told CoinDesk in an interview. The prediction market could offer DeFi a unique opportunity to regain attention, d'Haussy added. 04:41 Is DeFi Summer Making a Comeback? 00:56 How NEAR Enables Multichain Access From One Account 00:52 Why Injective's INJ Has Surged 3,000%

Fireblocks Discloses ‘Zero Day’ Vulnerabilities Impacting Leading MPC Wallets

Fireblocks, an enterprise-focused crypto infrastructure firm, has disclosed a set of vulnerabilities – collectively referred to as “BitForge” – impacting a variety of popular crypto wallets that use multi-party computation (MPC) technology.The firm has classified BitForge as a “zero-day” – meaning the vulnerabilities hadn’t been discovered by developers of the affected software prior to disclosure…

Self-Sovereign Identity Will Reshape the Internet (if You Use It)

Self-Sovereign Identity Will Reshape the Internet (if You Use It)Brace yourself for a concept that will feel jarring, an idea that will clash with everything you know about 2020, and a philosophy that will feel downright unthinkable: Optimism.Many internet 2030 scenarios are bleak. (See other entries in our “Internet 2030” series). Here we imagine a brighter…

Ripple Does Not Care Whether XRP Is ‘Sufficiently Decentralized’

The long awaited “Hinman docs” have finally been unsealed, a move that some believe could play a crucial role in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. Ripple is being sued by the securities regulator for an allegedly illicit sale of $1.3 billion worth of XRP, a cryptocurrency…

Terra’s LUNA Tokens Fall Steeply on Do Kwon’s Alleged Arrest

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.…

Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin

Jenny JohnsonPresident and CEOFranklin TempletonJenny will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her lon...Jenny JohnsonPresident and CEOFranklin TempletonJenny will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her lon...Krisztian Sandor is a reporter on the U.S. markets team focusing…

UK’s New Technology Department to Tackle Country’s Metaverse, Web3 Strategy

Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or…

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