Cathie Wood's Ark Invest has unveiled a new crypto fund that has raised more than $16 million from private investors. The fund is split into a domestic entity based in Florida and a foreign version based in the Cayman Islands.
The war in Ukraine has brought forward the real world use cases of crypto. Humanitarian agencies have leveraged crypto to distribute monetary aid to the refugees in Ukraine.
Binance is set to suspend deposits and withdrawals via bank transfers for its UK-based customers. The decision comes after the exchange's local banking partner ended ties due to the regulatory environment.
The U.S. Department of Justice has launched a probe into the collapse of TerraUSD. Telegram conversations between employees of Jane Street, Jump Trading, and Alameda Research are currently being scrutinized to look for signs of market manipulation.
The dYdX community has voted in favor of a proposal that seeks to slash the DEX's trading rewards by 45%. The approval sent native token dYdX soaring by over 21%.
Circle CEO Jeremy Allaire has stated that his firm may be able to recover all of the $3.3 billion stuck at Silicon Valley Bank. In case the recovery is delayed, Circle will back USDC using external capital if necessary, he added.
Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation due to inadequate liquidity and insolvency. The bank's shares were halted earlier today after a 66% slump in premarket trading.
Blockchain.com is shutting down its crypto asset management division, BCAM, just 11 months after it was launched. The prolonged crypto winter forced the crypto exchange to take this decision.
