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News
Circle will cover funds shortfall caused by Silicon Valley Bank collapse
Circle stated that it initiated to transfer of $3.3 billion funds remaining in SVB However, the transfer was not processed as of Friday and the could be processed on Monday The stablecoin issuer has c...
Stablecoin USDC falls below $1, faces $3.3 billion exposure to Silicon Valley Bank
USDC, a stablecoin that is supposed to trade one-to-one against U.S. dollars, has fallen below $1 on Saturday, after creator Circle said it had over $3.3 billion held at Silicon Valley Bank, which col...
ICPT Stock Tumbles On New Obstacle For Its NASH Drug
Intercept Pharmaceuticals (ICPT) said Friday its experimental liver disease treatment will face a Food and Drug Administration panel in May, leading ICPT stock to tumble. X The FDA’s Gastrointes...
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
USD Coin (USDC) issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following Silicon Valley Bank’s shutdown, said the company in a statement on M...
SVB’s New Owner, the FDIC, Gives Workers 45 Days of Employment
(Bloomberg) — The Federal Deposit Insurance Corporation added a few new employees to its payroll late Friday, taking on workers from shuttered SVB Financial Group, at least for a few weeks, as i...
Cardano’s Trading Volume Hits Promising Levels — Could A Mega Rally Be Forming? ⋆ ZyCrypto
Advertisement     Cardano’s (ADA) is one of the few altcoins to watch out for this weekend. In the month of March, ADA is slowly attempting to prove that it is one of ...
USDC will remain redeemable 1 for 1 with U.S. dollar, Circle says
USDC issuer Circle said it will resume normal operations Monday and that USDC will remain redeemable one-for-one with the U.S. dollar after Silicon Valley Bank collapsed. Circle said that in th...
Stocks Will Struggle to Beat 5% Treasurys, Strategists Say. And What the Heck Is ‘Out-Dexing?’
A top Wall Street forecaster told me how to beat the stock market from here: Buy a Treasury bill. I would leak the tip on Reddit, but I’m not sure how many moon rocket emojis to use. A six-month Treas...
Silicon Valley Bank customers line up outside California location amid frantic rush to withdraw money
Customers were seen lined up outside a Silicon Valley Bank location in Menlo Park, California, on Friday after the Federal Deposit Insurance Corporation (FDIC) seized the banks assets. In the largest ...
Don’t Panic: ‘Circle Will Stand Behind USDC and Cover Any Shortfall’
Circle has issued a statement regarding USDC and the depegging of the stablecoin following the collapse of Silicon Valley Bank (SVB). If 100% of the $3.3 billion that Circle held at SVB at the end of ...
$22 Trillion in US Banking System Backed by Just $225 Billion at FDIC: Bitcoin Proponent Gabor Gurbacs
A strategy advisor at Vaneck/MVIS is highlighting the disparity between the money held at the Federal Deposit Insurance Corporation (FDIC) and the amount of money sitting in the US banking system. In ...
BTC Loses 15% Weekly, Will $20K Hold or is Another Crash Imminent? (Bitcoin Price Analysis)
The instability of Circle’s USDC has caused extreme fear in the market, as stablecoins play a crucial role in the cryptocurrency industry. Bitcoin’s price was affected by the recent turmoil and has de...
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion – Bitcoin News
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. ...
DAI-namic Shift: MakerDAO’s stablecoin supply drops 50%, thanks to…
DAI’s supply has fallen by 50% from the 2022 peak. MKR suffers increased distribution causing its price to plummet. Due to the decline in the prices of its underlying assets, the total supply of DAI,...
CBDCs considered evil and a threat to individual interests?
CBDCs are seen as the new economic cornerstones as we move closer to a cashless future. CBTDCs provide risk of citizen privacy breach, as they can be used for taxes and financial monitoring. Practica...
Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs
Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin (USDC) depegged on March 11. Ac...
Top 3 Stablecoins to Buy instead of USDC
The crypto scene was in shock as USDC de-pegged for the first time. Stablecoins were supposed to be…stable. However, it seems that market risks still affect even the mightiest players in the crypto sp...
Circle Released its Examination Report After SVB Crisis
Circle recently announced that it uses Silicon Valley Bank (SVB) to manage almost 25% of USDC reserves held in cash. After the Circle’s announcement, USDC started depegging, with USDC falling by near...
Is Dogetti Likely to Overthrow Dogecoin? How is Polkadot holding up Against Silvergate’s Bank Run?
The Meme Coin Upgrade Crypto’s latest top meme coin, Dogetti (DETI), is now entering stage two of its presale! You can think of stage two as a second chance for all those that missed out on stage one,...
First Block in the beating heart of the blockchain emerging market
Advertisement     Three Entrepreneurs with a combined 20 years of expertise in the blockchain sector to deliver a comprehensive range of Web3 services to clients. STOC...
Binance CEO Speculates Coordinated Efforts To Destabilize Crypto
The cryptocurrency market went through a whirlwind of challenges in 2022 and it appears that there will be no respite for this year as well. As a result of successive regulatory roadblocks and the sub...
Can This Bullish Pattern Prevent Prolong Downfall In Monero Coin?
Published 7 seconds ago XMR Price Prediction: Using a falling wedge pattern, the Monero coin price gave its ongoing correction a specific direction. The coin price reverted from the converging trendli...
Gender Apartheid Against Women And Girls In Afghanistan
On March 6, 2023, Richard Bennett, United Nations Special Rapporteur on the situation of human rights in Afghanistan, presented his report on the situation in Afghanistan stating that the situation of...
Western Kentucky’s Rick Stansbury Resigns After 7 Seasons
LOUISVILLE, KY – DECEMBER 14: Western Kentucky Hilltoppers head coach Rick Stansbury talks to guard … [+] Jordan Rawls (2) during a college basketball game against the Louisville Cardinals...
Bitcoin Fear and Greed Sentiment Changes to ‘Fear’ Amid Market Downturn
The measure includes things like market volatility, social media commentary, polls, etc. Several cryptocurrency companies were revealed to have ties to the defunct bank. After a promising start, crypt...
Consumer Confidence in Crypto Strong Despite Turbulent 2022: Paxos Survey
After a series of high-profile collapses and the ensuing regulatory heat in their wake, if you thought the crypto saga had hit a roadblock, you can’t be held wrong. However, a new survey by Paxos, the...
USDC slowly repegs on unconfirmed reports of SVB resolution
According to a post on Mar. 11 by Bob Elliot, chief investment officer of unlimited funds, relief efforts may already be underway less than 72 hours after the collapse of prominent American tech bank ...
Silicon Valley Bank failure has investors calling for government aid
Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank to assume Silicon Valley Bank’s assets and obligations after the financial...
ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch
The Cosmos community has approved a vote to add “replicated security (RS)” to its chain, with 99.99% of votes in favor of the motion. The much-awaited upgrade is set to go live on March 15, 2023, with...
Charles Hoskinson Displeased By Misleading Comments On Cardano’s Governance ⋆ ZyCrypto
Advertisement     In a lengthy Twitter thread, a product leader and Web3 advisor Vanessa Harris explained the downsides of the Cardano Cardano governance body. CIP-169...