Anonymous DAO tomi raises $40M for ‘surveillance-free’ internet
The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet.
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
“Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said.
Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up
Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.
Betting on turmoil: Deribit launches Bitcoin volatility futures
Volatility products are popular with traditional investors, as they enable portfolio hedging, risk management and speculation.
Crypto investment products see largest outflows on record amid SVB collapse
Fear and trepidation spread across the crypto market last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank.
Crypto Biz: Silvergate shutting down, Alameda suing Grayscale
Negative headlines surrounding Silvergate dragged Bitcoin’s price below $20,000. Meanwhile, bankrupt Alameda is planning to sue Grayscale and its parent company DCG.
Silicon Valley Bank shut down by California regulator
The FDIC stated that as the receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB).
Coinbase launches wallet-as-a-service for businesses
The adoption of Web3 wallets is hindered by complex seed phrases and a poor user experience, according to Coinbase.
Web3 app Kresus raises $25M to bridge consumers to blockchain
Kresus’ SuperApp aims to bridge more everyday consumers to digital goods, NFTs and other Web3 products and services.
Crypto Biz: Did crypto winter scare off Visa and Mastercard?
Visa’s head of crypto has pushed back against the notion that the credit card giant is getting cold feet because of the bear market.
