Nissan has recently filed four new Web3 trademarks for its Infiniti, Nismo and Nissan brands. Japanese automotive brand Nissan has become the latest car manufacturer to ramp up its Web3 efforts, filing four new Web3-related trademarks filed in the United States, while its Japan unit is experimenting with auto sales in the metaverse. According to...Continue Reading

The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm. Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank.  The crypto-friendly Signature Bank was...Continue Reading

Cybersecurity firm Imperva found a vulnerability that could be used to leak user information such as email addresses and phone numbers, which has now been patched. 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...Continue Reading

US President Joe Biden on Twitter said he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.” The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their...Continue Reading

Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks. 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...Continue Reading

Positive developments concerning Circle’s $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg. Circle’s stablecoin USD Coin (USDC) is climbing back to its $1 peg following confirmation from CEO Jeremy Allaire that its reserves are safe and the firm has...Continue Reading

The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues. Hot on the heels of several United States bank collapses, the Federal Reserve Board has announced $25 billion worth of funding aimed at backstopping banks and other depository firms. The...Continue Reading

In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations. Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB) and reassure his followers of Ripple’s stability.  Ripple had exposure to SVB, Garlinghouse said, but “we expect...Continue Reading

The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement. New York-based Signature Bank, another crypto-friendly bank, has been closed down by its state charter authority as of Mar. 12. The Federal Reserve explained in a Mar. 12 statement...Continue Reading