Digital Financial News

According to a new report by digital asset investment firm CoinShares, product outflows registered the largest single weekly outflows on record last week. It found that record-breaking outflows of $255 million were removed from digital asset investment products last week, marking the fifth consecutive week of outflows. Last week’s outflows represented a mere 1.0% of total assets under management (AuM). 

Play-to-Earn (P2E) is the current golden goose in the Web3 ecosystem. Gaming used to be solely controlled by large corporations, but this resulted in gamers' exploitation and unsatisfying games.

Tech and social media giant Meta is winding down its non-fungible token (NFT) project, according to an announcement by Meta Commerce and Fintech lead Stephane Kasriel.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Tuesday, March 14th, 2023 – Love Hate Inu (LHINU), a meme coin that rewards users for voting, has gained significant popularity among early investors, having raised over $526,175 in a mere six-day period.

Over 280 blockchains are plagued by major vulnerabilities known as “Rab13s,” according to a report released yesterday by the blockchain security firm Halborn.

The cryptocurrency market has had a tumultuous few days; Bitcoin and other digital assets took a tumble before recovering late in the week to recoup some of their losses.  

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Ethereum-based lending protocol Euler Finance has fallen victim to a flash loan attack resulting in around $200 million worth of digital assets stolen from the project. 

Signature Bank was closed by regulators on 12 March, the second massive bank failure in three days.

Circle is a Boston-based fintech company that provides payments and investment services using blockchain technology. USDC is a stablecoin issued by Circle and Coinbase, pegged to the value of the US dollar at a 1:1 ratio. It is one of the fastest-growing stablecoins, with a market capitalization of over $10 billion as of March 2022.

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Web 3.0 and crypto services can play in India and how we must prepare for this.Timely regulations will build a vibrant and transparent ecosystemThe crypto asset class has potential to give disproportionate returns to investors over time in a democratic way. This has not been the case with any other technology-based asset in the past. For example, a US citizen had earlier access to global IT stocks in 2000s before Indians did. It is now up to the Indian government to encourage this ecosystem in a compliant manner. The government has taken great strides already. Be it a TDS on sales or the recent anti-money laundering (AML) provisions under PMLA, the messaging from the government has been consistent: invest fairly and declare the profits. However, India-based exchanges, which have been the most compliant, have experienced a significant drop in volumes since July 2022 as investors migrated to using non-compliant global exchanges for their trades. This must be addressed quickly.

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While the future of Silicon Valley Bank (SVB) is still being decided, another crypto player has declared exposure to the failed bank. And, this time around the firm in the headlines is Ripple – a popular blockchain-based digital payment network. In a Twitter thread, CEO Brad Garlinghouse stated that the company had exposure to SBV.

Health and fitness are important aspects of our lives. To demonstrate its significance, a popular adage states that health is wealth, which has geared the industry’s growth. 

In the meme coin ecosystem, Shiba Inu is the second most renowned joke cryptocurrency, only behind Dogecoin. Launched in August 2020, Shiba Inu scaled to worldwide acclaim in 2021 on the idea that it was a more advanced meme token than Dogecoin. 

The UK is racing ahead of the clock to salvage the British arm of the collapsed Silicon Valley Bank after it sent jitters through the startup scene of the country.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

USDC, a stablecoin linked to the dollar, lost its peg to the U.S. currency amid a surge of investor withdrawals after its founder, Circle Internet Financial Ltd., said it had $3.3 billion invested in the collapsed Silicon Valley Bank.