Crypto in the land of geisha — the global Web3 community arrives in Kyoto

Geisha, kimono, tea ceremony — the Japanese city of Kyoto is a place rich in traditional culture. But as the national government pivots toward the cutting edge potential of digital assets and Web3, the city is this week playing host to one of Asia’s largest crypto get-togethers.

• 2023-06-28
• Japan Infinity Ventures Crypto Bank of Japan Akio Tanaka organizers Jeremy Allaire

Crypto firm Circle hit by Signature Bank closure

Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday, Jeremy Allaire, Co-Founder and Chief Executive Officer of Circle said in a tweet. State regulators closed New York-based Signature Bank on Sunday, just two days after California authorities shuttered Silicon Valley Bank (SVB), in a collapse that roiled global markets and stranded billions of dollars of deposits.

• 2023-03-13
• Silicon Valley Bank Signature Bank Jeremy Allaire BNY Mellon Circle USD Coin SVB

Bitcoin, USDC stablecoin rally after US intervenes on SVB

SINGAPORE (Reuters) -Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and as cryptocurrency firm Circle assured investors its peg was secure. The U.S. Treasury and Federal Reserve announced a range of measures to stabilise the banking system and said depositors at SVB would have access to their deposits on Monday. The moves came as authorities took possession of New York-based Signatu

• 2023-03-13
• Silicon Valley Bank Signature Bank USD Coin SVB U.S. Treasury Jeremy Allaire Circle Federal Reserve Bitcoin