Coinspeaker First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds Regional banks in the United States might have recorded their worst month ever this March, the surviving ones, including First Republic Bank (NYSE: FRC). At the time of writing, the shares of First Republic have jumped by 15.72% to $14.28 in a move that appears as though it wants to start paring off the losses it has accrued from that time to date. First Republic Bank has been under intense pressure since the collapse of Silicon Valley Bank (SVB) earlier this month. SVB has a similar business model as First Republ ..read more

Coinspeaker Polygon zkEVM Beta Launches on Mainnet, Buterin to Initiate Inaugural Transaction The Polygon zkEVM Mainnet Beta went live on Monday, March 27th, facilitating the deployment of smart contracts with increased finality and reduced costs. The release of the zero-knowledge Ethereum Virtual Machine beta to the public comes days after rival Matter Labs released its own zkEVM. One of the main attractions of the Polygon zkEVM Mainnet Beta is its lower gas fees for decentralized app (dApp) users. These reduced costs could spur wider adoption of the Ethereum scaling techn ..read more

Coinspeaker MicroStrategy Settles $205 Million Debt with Silvergate & Shores Up on Bitcoin  MicroStrategy Incorporated (NASDAQ: MSTR) recently increased its Bitcoin (BTC) holdings following a recent Silvergate Bank (NYSE: SI) loan repayment. According to reports, the BTC-loving business intelligence firm has bought an additional 6,455 Bitcoin for $150 million. The purchase, which also translates to an average price of $23,238 per token, brings MicroStrategy’s total Bitcoin holdings to 138,955 BTC. The company’s Bitcoin cache has an overall value of $4.1 billion at an average of $29,81 ..read more

Coinspeaker Binance Unveils Opening of Brand-New Blockchain Hub in Georgia Binance, the world’s largest digital currency trading platform has announced the opening of its new regional blockchain hub in the Eastern European nation of Georgia. As announced by the crypto exchange, the regional hub is set to reposition Binance’s efforts in the region with respect to the facilitation of blockchain adoption initiatives and the promotion of Web 3.0 education. Binance has a rich engagement in Georgia as one of the prominent regions it is looking to champion its growth initiatives. According to the exc ..read more

Coinspeaker Kokomo Finance Exit Scam Sees Developers Make Away with $4M Worth of Tokens According to reports, developers behind crypto lender Kokomo used Wrapped Bitcoin (wBTC) to perpetuate a $4 million exit scam. A CoinDesk report alleges developers pulled off the scam over the weekend after manipulating tokens to steal millions in user funds. The report further stated that these developers attacked the smart contract of wrapped Bitcoin token cBTC, from KOKO’s primary address. KOKO is the native digital currency of the Optimism-based lending protocol Kokomo Finance. Kokomo tokens plumme ..read more

Coinspeaker Coinbase Working on Inflation-pegged Flatcoins over Its New Base Network Crypto exchange Coinbase has been working on some key projects and one of them includes inflation-pegged flatcoins to be built over its recently launched Layer-2 network Base. Coinbase sees flatcoins as one of the four critical innovations in the future of crypto. The other three projects include on-chain limit order book (LOB) exchange, an on-chain reputation system, and tools that make DeFi ecosystem safer. Last month, crypto exchange Coinbase launched the Base Network, a network secured by Ethereum and powe ..read more

Coinspeaker New Vulnerability Attacks on Multi-Sig Wallets Uncovered: Verichains Reports Leading blockchain security solutions provider Verichains announced the discovery of a critical attack possibility in the popular Threshold Signature Scheme (TSS), the function in a blockchain that enables a group of parties to collectively issue a transaction signature without exposing the secret signing key. TSS is a multi-party control (MPC) protocol that is common in multi-party signature wallets and digital custody solutions. In recent times, MPC has become the industry standard to secure users’ digit ..read more

Coinspeaker Ark Invest Continues on Coinbase Stacking No one takes advantage of the dip in crypto-related stocks like Cathie Wood’s American investment management company, Ark Invest. For the second straight day, the company made strategic acquisitions of both the shares of crypto exchange Coinbase Global inc (NASDAQ: COIN) and payment service provider, Block Inc (NYSE: SQ). As gleaned from disclosures made by the company and reported by Coindesk, Ark Invest scooped up a total of 155,833 Coinbase shares through the ARK Innovation EFT (ARKK), and 26,395 shares were acquired by the ARK Next Gene ..read more

Coinspeaker German Dwpbank Launches New Platform to Offer Bitcoin Trading to Over 1,200 Affiliated Banks Deutsche WertpapierService Bank (Dwpbank), has launched a new platform called wpNex. The securities processing giant announced the launch via a recent press release on the new platform. According to the release, wpNex by Dwpbank will accommodate its over 1,200 affiliated banks and will allow them to offer Bitcoin (BTC) trading to their customers in the second half of this year. Dwpbank Aims to Integrate Bitcoin Trading into Users’ Online Banking Experience A local media report from Btc-echo ..read more

Coinspeaker First Citizens to Acquire Silicon Valley Bank after Striking Deal with FDIC According to the Federal Deposit and Insurance Corporation, First Citizens Bank is set to acquire the embattled state-chartered commercial bank Silicon Valley Bank (SVB). In a recent statement, the FDIC revealed that the bank holding company would acquire all deposits and loans of SVB. According to the deal, 17 former SVB branches will reopen as branches of First Citizens Bank and Trust Company. This development takes effect today, March 27th, with all SVB depositors, automatically becoming depositors ..read more