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The embattled Silicon Valley Bank has just come under new ownership, at least in the United Kingdom.Per a filing on March 13, 2023, HSBC UK Bank plc, a subsidiary of the behemoth bank, announced that it is purchasing Silicon Valley Bank…

If you’re like most people these days, you probably rarely go anywhere without your smartphone. The reason for our cultural obsession with our phones is that they are simply remarkable tools. We can accomplish nearly anything on a …

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The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC…

Traders dumped risky assets following the crisis and failure of Silicon Valley Bank (SVB). The S&P 500 Index plunged 4.55% while Bitcoin (BTC) is down about 9% this week. The collapse of SVB led to a crisis in the crypto space with…

Nonfungible tokens (NFTs) prove ownership by creating a unique digital certificate for a specific asset. A decentralized digital ledger that keeps track of all nonfungible token transactions and ownership changes is used to create each…

A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal…

The development of blockchain technology and the growing adoption of nonfungible tokens (NFTs) are two factors that have contributed to the proliferation of play-to-earn collectible games. Play-to-earn (P2E) games allow players to gain…

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Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs Silicon Valley Bank (SVB) was shut down by California’s financial watchdog on March 10…