Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
In a class-action lawsuit against “BitBoy Crypto” YouTuber Ben Armstrong and other crypto influencers for allegedly endorsing the cryptocurrency exchange FTX, Armstrong’s attorneys asserted that they have received several threats from Armstrong. After the lawsuit was filed on March 15, according to a March 20 court filing by the class action’s attorneys in a Florida … Read more
Magic Eden, a nonfungible token marketplace, has introduced its own “fully audited” marketplace for Bitcoin Ordinals in an effort to capitalise on the growing interest in “Bitcoin NFTs.” A comparable user experience to that provided by Magic Eden for Polygon, Ethereum, and Solana-based NFTs is provided by the recently created marketplace, which enables Bitcoin NFT … Read more
Silicon Valley Bank failed as a result of a perfect storm of losses, uninsured leverage, and a sizable loan portfolio, among other things (SVB). A comparison of SVB’s situation with that of other players showed that approximately 190 US banks may be vulnerable to a run. While the collapse of SVB served as a reminder … Read more
As the leading cryptocurrency wallet MetaMask promotes direct onramps with regional banks, buying self-custody cryptocurrencies is becoming simpler in Nigeria. The parent company of MetaMask, ConsenSys, announced a new interface with cryptocurrency fintech MoonPay on March 21. This allows users in Nigeria to buy cryptocurrency through immediate bank transfers. The new function is accessible via … Read more