The U.S. tech banking giant apparently has some potential buyers, though a deal is far from guaranteed. Silicon Valley Bank (SIVB) is reportedly seeking external acquisition after its efforts to raise over $2 billion in capital have failed Shares in the bank were down 62% in pre-market trading on Friday…

The first major lawsuit calling out Ether as a security has been filed with New York’s Supreme Court. New York Attorney General Letitia James has sued cryptocurrency exchange KuCoin for selling both commodities and securities on its platform without necessary registration. One of the “securities” it alleges KuCoin to have…

Biden plans to combat the United States’ growing deficit — in part by clamping down on a glaring crypto tax loophole. U.S. President Joe Biden released his official 2024 budget plan this Thursday — and cryptocurrency transactions are in its crosshairs. His many proposals include subjecting crypto to the same…

Between central bank interest rate hikes and Silvergate’s failure, Bitcoin is back on the slide. Bitcoin is sinking back to lows not seen since January amid ongoing sell pressure spurred by Silvergate woes and hawkish central bank policy. Sinking below $21,000, the crypto market underwent over $150 million in liquidations…

“The software has taken control,” he lamented, but crypto Twitter had thoughts. Famed economist Paul Krugman was never a crypto fan, but personal issues with a traditional financial company left him with some frustration to vent on Wednesday. “I’ve been using Venmo for years, but now it won’t allow me to make payments,” he tweeted. “I spent a long time in chat…

Michael Sonnhenshein defends Grayscale’s lawsuit against the SEC — and GBTC’s “exorbitant” fees. After Grayscale presented its first oral arguments in its lawsuit with the Securities and Exchange Commission (SEC) on Tuesday, CEO Michael Sonnenshein walked away feeling “very encouraged.” The executive spoke on Wednesday about the crux of Grayscale’s…

The SEC said the Bitcoin futures market doesn’t necessarily detect fraud and manipulation in the spot market — but judges are skeptical. Grayscale and the Securities and Exchange Commission (SEC) have presented their first oral arguments in court regarding the approval/ denial of a Bitcoin a spot ETF product in…

While many were excited when Yuga Labs announced its first ordinals NFT collection last month, the exact nature of its auction process is proving highly controversial. Casey Rodarmor — the inventor of Ordinals — called the NFT giant’s sale “degenerate” due to putting its participants’ Bitcoin holdings at risk. The Problem With Bitcoin Auctions In…

In a desperate attempt to appease regulators, have crypto’s biggest voices simply lost the plot? In a post-FTX world, it’s really hard being a crypto executive. Not only are your bags empty and revenues down, but you also have United States financial regulators breathing down your neck with subpoenas one…