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BIZARRE: 12 - What They Never Told You

How Silicon Valley Bank's collapse may affect crypto companies

SVB’s failure was the biggest bank collapse since Washington Mutual Bank in 2008.

Fortune

What the collapse of crypto banks could mean for stablecoins

Providers like Circle are searching for solutions to fill the void.

Fortune

Dante Disparte on Circle, stablecoins and Silicon Valley Bank’s lessons for policymakers - Roll Call

Circle’s Chief Strategy Officer Dante Disparte offers perspectives on the most harrowing week since the 2008 financial crisis.

Roll Call

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Circle adds Cross River as banking partner and expands BNY ties, USDC peg closes

An announcement by Circle about new banking partners comes as the brief de-pegging of USDC came to an end.

Fortune

USD Coin value falls after revealing $3.3bn held at Silicon Valley Bank

The stablecoin fell as low as $0.87 as Circle broke the news that its reserves were at the collapsed lender

The Guardian - US

Circle reveals it has $3.3 billion stuck at Silicon Valley Bank as USDC wobbles against its peg

The company insisted that it was protecting the stablecoin from a "black swan failure."

Fortune

You Need to Watch the Most Intriguing Sci-Fi Movie on HBO Max ASAP

The Emma Watson-starring techno-thriller is exhaustingly self-serious, but there are intriguing ideas buried in the melodrama.

Inverse

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Binance aggressively converted rivals' stablecoins in a massive cash grab. It didn't always tell its customers

Blockchain data suggests Binance may have been converting users' collateral without permission.

Fortune

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

Fortune

He claimed to be a holy man. But a Dances with Wolves star was luring young girls into a sex cult, authorities say

After achieving global fame at age 14 for his role in Dances with Wolves, Nathan Chasing Horse travelled across the US claiming to be a Lakota “medicine man.” But police and tribal elders say he used those spiritual traditions as a tool to sexually assault young girls. Bevan Hurley reports.

The Independent UK

Dancing with Wolves actor arrested for sex abuse and accused of running cult

Nathan Chasing Horse, who appeared in Dancing with Wolves, has been arrested by police after being accused of sexually assaulting young Indigenous girls and running a cult

Daily Mirror

Australian wool making runners eco-friendly

Aussie merino wool is helping to deliver a sustainable spring in the step of European runners as part of a recyclable and biodegradable sneaker.

The Canberra Times

The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

Fortune

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Fortune

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Al Jazeera

Binance withdrawals hit $1.9bn in past 24 hours says data firm

The world’s biggest crypto exchange said it had ‘temporarily paused’ withdrawals as CEO said it was ‘business as usual’.

Tribune News Service

Student power in Georgia: Young, engaged and determined to vote

ATLANTA — Sen. Raphael Warnock’s reelection sparked social media posts from around the country thanking Georgia for solidifying the Democratic majority in the U.S. Senate, thanking Stacey Abrams for her get-out-the-vote initiatives and DeKalb County for its 87% support of Warnock.

Fortune

Coinbase tells customers to switch to stablecoin it cofounded—without fees

The company implied that the fallout of FTX put “some stablecoins to the test.”

The Conversation

Near record-high numbers of young people voted during the midterms, signaling a possible shift – or exception – in voting trends

The November 2022 midterms have come and gone, but there are still some potential lasting implications that could influence the next election season.

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Fortune

One sector in the crypto industry has been spared

The crypto industry is in a dark place, but recent developments in the stablecoin sector are cause for optimism.

Fortune

Circle pulls the plug on SPAC as stablecoin giant announces it is profitable

Circle and Concord Acquisition have called off a long-planned merger that would have made Circle a public company.

The Conversation

US midterms: why gen Z and millennials came out to vote and why it marks a generational shift

An exceptionally high turnout of young voters swung key state battles in favour of the Democrats in the 2022 US midterms. It’s estimated that more than a quarter of registered voters aged between 18 and 29 years of age cast a ballot in elections that saw the Democrats maintain control…

Tribune News Service

Biden made a play for young voters. It worked — and helped Democrats keep the Senate

Young voters delivered on President Joe Biden’s hopes they would turn out in the midterms, helping to win key Senate races and fending off a Republican bid to wrest full control of Congress.

Fortune

What happens to the FTX empire’s 200+ crypto investments now?

SBF’s entities had their hands in everything, from stablecoin issuer Circle to investment firm SkyBridge Capital. What happens to those now?

Al Jazeera

Democrats hail young voters, Gen Z as US midterm results roll in

Young voters helped to make the difference in some key states and mute Republicans’ projected ‘red wave’, advocates say.

Daily Mirror

Zoe Ball's son had doubts about coming out as bisexual amid 'attention seeking' fears

DJ and influencer Woody Cook, 21, feared revealing his sexuality because he didn't want to it to appear as though he 'attention seeking'

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