News
Stay updated with the latest blockchain and cryptocurrency news, trends, and insights from MENA and globally. Explore breaking stories, in-depth analysis, and industry updates on UNLOCK Blockchain.
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Circle and Silvergate Bank Troubles Prompt Binance to Convert Recovery Funds to Crypto
The drop in value of the USD Coin (USDC), a stablecoin pegged to the US dollar, occurred as a result…
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FDIC Takes Control of Signature Bank, Third Largest Bank Failure in USA History
On Sunday, state regulators closed down New York-based Signature Bank, which was the third-largest banking failure in US history. This…
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HSBC Acquires Silicon Valley Bank UK with Customer Deposits Protected
HSBC has acquired the UK division of Silicon Valley Bank, which collapsed recently. The UK government and Bank of England…
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Federal Reserve Board Introduces Bank Term Funding Program to Support Depositors
In order to provide support to households and businesses in the United States, the Federal Reserve Board has announced that…
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Abu Dhabi Royal Group Discusses Possible Buyout of SVB UK After Collapse
Royal Group, an investment company that is controlled by a prominent royal from Abu Dhabi, is contemplating the option of…
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Silicon Valley Bank in Trouble, Bolsters Capital Base Through $2.25Bn Share Sale
Silicon Valley Bank (SVB) is aiming to raise $2.25bn through a share sale after experiencing significant losses on its portfolio…
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Abu Dhabi Al Nawwar Investments to Acquire FTX Interest in Sequoia Capital for $45M
According to court documents, Alameda Research, the investment arm of FTX, has reached a $45 million cash agreement with Abu…
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Huobi HT Token Plummets, Prompting Justin Sun to Inject $100 Million to Reassure Traders
Justin Sun, a crypto tycoon from China, aimed to alleviate worries about the stability of Huobi, a major digital asset…
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Crypto Industry Shaken as Silvergate Bank Collapses
Silvergate Capital Corp (SI.N), a bank that focuses on cryptocurrency, announced that it intends to cease operations and voluntarily liquidate…
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GCEX Receives MVP Preparatory License from VARA, Leading the Way in the Global Digital Asset Industry
Global digital asset brokerage and trading platform GCEX, has announced that it has received an MVP Preparatory license from Dubai’s…
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