The Novotel Bahrain Al Dana Resort – one of the most luxurious hotel spots in Manama, the capital of Bahrain in the Middle East – has announced it will be accepting crypto payments for items like room stays and other vacation staples. A Luxury Hotel in Bahrain Is Accepting Crypto The move is pushing the goals of bitcoin and its digital […]

Circle has revealed that Cross River Bank — recognized for its services to fintech and crypto firms like Visa and Coinbase — is now its new commercial banking partner for producing and redeeming USD Coin (USDC). In addition, Circle has “expanded relationships” with other banking partners to assist with USDC redemption, including Bank of New York Mellon (BNY Mellon), which […]

Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the encryption layer for Ethereum. Aztec Network officially announced the upcoming closure of Aztec Connect, planning to disable Aztec Connect deposits from front-ends like zk.money and zkpay.finance on March 17. According to a blog post by Aztec, users will be able to withdraw […]

In a shocking turn of events, two major U.S. banks, Silicon Valley Bank and Signature Bank, have collapsed. The Federal Reserve quickly took action, and United States President Joe Biden announced that those responsible for the banking mess will be held accountable.  While the cause of the collapse has yet to be fully disclosed, it is believed to be a […]

The wider cryptocurrency community continues to debate the ongoing fallout following the closure of three major American banks, with calls for neobank services for the industry on the cards. Silicon Valley Bank (SVB), which has traditionally served startups across a number of innovation sector industries, was shuttered by California’s Department of Financial Protection and Innovation on March 10. The reasons […]

Ripple price is struggling below $0.3840 against the US Dollar, similar to bitcoin. XRP price must stay above $0.3520 to avoid more downsides in the near term. Ripple Price Analysis This past week, ripple price saw a bearish reaction from the $0.4000 zone against the US Dollar. The XRP/USD pair declined below the $0.3850 support zone to move into a […]

Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community.  On Mar. 12, the Federal Reserve announced the closure of Signature Bank as part of “decisive actions” to protect the U.S. economy, citing “systemic risk.” It came only days […]

Nonfungible token marketplace OpenSea has reportedly patched a vulnerability that, if exploited, could have exposed identifying information about its anonymous users.  In a March 9 blog post blog, cybersecurity firm Imperva detailed how it discovered the vulnerability, which it claimed could deanonymize OpenSea users “by linking an IP address, a browser session, or an email in certain conditions” to an NFT. […]

After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch The ripple effect of the 16th largest bank in the United States failing has […]