Social Token Project Rally Shuts Ethereum Sidechain, Stranding Users’ Crypto Assets
Social token platform Rally said Tuesday it is abandoning its Ethereum sidechain and warned users – creators and their communities of token-holding fans –...
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
Crypto companies in Hong Kong are having a difficult time getting corporate bank accounts despite the local government's push for the territory to become...
Applied Digital Stock Surges 12% After Announcing Its Third AI Deal
Shares of Applied Digital Corporation (APLD), a Texas bitcoin mining and data center firm, surged 12% on Friday, as the firm announced its third...
Metaverse Firm Infinite Reality to Buy Esports Company ReKT for $470M in Stock
Metaverse company Infinite Reality has agreed to purchase esports giant ReKT Global for $470 million in an all-stock deal, bolstering Infinite’s plan to expand its...
Web3 Studio Sortium Raises $7.8M in Seed Round
Sortium, a developer of Web3 entertainment technology, has raised $7.75 million in a seed round, with crypto hedge fund Arca among the investors. Web3...
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corp. on Friday to discuss the collapse of Silicon Valley Bank (SVB).
Rep. Maxine...
Ultiverse to Expand Metaverse Offerings in BNB Chain Ecosystem With $4.5M Raise
Metaverse project Ultiverse has raised $4.5 million at a $50 million valuation in a seed round co-led by Binance Labs and Singapore’s DeFiance Capital.
...
Silicon Valley Bank’s Former Parent Company Files for Bankruptcy
Silicon Valley Bank's former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection Friday in the U.S. Bankruptcy Court for the Southern District...
Taiwan’s MaiCoin Crypto Exchange Weighs Nasdaq Listing: Report
MaiCoin, a crypto exchange based in Taipei, is considering selling shares on Nasdaq within two years, Bloomberg reported, citing people with knowledge of the matter....
New FTX Head Says Crypto Exchange Could Be Revived: Wall St. Journal
The new head of FTX is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview he gave to the Wall Street...
