LONDON, ENGLAND – APRIL 04: Ai-Da Robot, an ultra-realistic humanoid robot artist, paints during a … [+] press call at The British Library on April 4, 2022 in London, England. Ai-Da will o...
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DOGE coin price analysis: Coin price retraces at the $0.06452
The DOGE coin price is showing bullish after the bearish momentum in the previous week. The DOGE coin price is currently trading in a small range on a daily time frame. The pair of DOGE/BTC is tradin...
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company – Bitcoin News
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary int...
Ex-Lawyer Predicts 5 Outcomes in Ripple vs. SEC Lawsuit
In the latest development series, a former lawyer shared a tweet noting the 5 outcomes in the Ripple vs. SEC case. The Ripple vs. SEC lawsuit is almost 2 years old and has not yet reached any conclus...
This is Europe’s Most Crypto-Curious Country (Study)
According to Dua Crypto’s research, The Netherlands rank as the most interested European nation in cryptocurrencies. Russia (where the local central bank is predominantly negative on the asset class) ...
Why the USDC potential depeg is not a reason to panic
Ad The following is a guest post by Anndy Lian. The crypto industry is currently experiencing anxiety due to concerns about the potential detachment of USDC, a stablecoin supported by US dollars. As a...
NEXO Price Analysis: NEXO price is firmly under bear control
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USDC To Regain $1 Peg As Circle Devises Strategy To Cover Shortfall
In an official statement, USDC issuer Circle stated that it would resume normal operations from Monday and that the stablecoin will be redeemable one-for-one with the U.S. dollar as it plans to utiliz...
‘Capable Of Handling Tens Of Millions Of Deliveries For Millions Of Consumers’
A Wing local delivery drone in action Wing Google sister company Wing is adding complex route management and self-loading capability for its drone delivery fleet that will make it capable of handling ...
Why Should You Worry About The Sorry State Of Segment Disclosures?
The FASB’s proposed new rule trying to tighten segment disclosures does not go far enough although segment disclosures are hugely important to investors and citizens. Legal workers carry documents for...
Los Angeles Chargers Became Cap-Compliant, But It Comes With A Significant Roll Of The Dice
Los Angeles Chargers linebacker Khalil Mack agreed to have his contract restructured to help L.A. … [+] get under the salary cap. Mack’s cap hit is north of $38 million in 2024, the highes...
Jeremy Allaire Says Circle Will Use Own Resources to Cover Shortfalls As USDC Moves Closer to Peg
Circle CEO Jeremy Allaire is speaking out for the first time following USDC‘s depeg from the dollar, which saw over $6.3 billion disappear from the second-largest stablecoin’s market cap. In a new com...
‘Absolute Worst Outcome For A Stalking Case,’ Police Say
Topline A podcast host and her husband were found shot dead Friday in their Redmond, Washington, home allegedly by a man, also found dead, who had been stalking her for months, according to police, wh...
Stablecoins rally as Circle announces it will cover all USDC deposits 1:1
Quick Take On Saturday, March 11, Circle CEO Jeremy Allaire announced that Circle pledges to cover any shortfall in the assets backing USDC if it does not receive the entirety of a $3.3 billion cash r...
Bitcoin Ordinals could help BTC miners in the long-run- Here’s how
Ordinals inscriptions have surpassed 411,000. Its contribution to transaction fees over the past week has also exceeded 6%. Ordinals and other Layer 2 solutions have made the Bitcoin network no longer...
Morgan Stanley: No Fiat-Crypto On-Ramps, Slower Asset Inflows
1 Morgan Stanley predicts digital asset inflows will slow down without on-ramps between fiat and crypto. 2 The need for infrastructure for converting fiat currency into digital assets hinders the cryp...
Crypto Assets Conference 2023 to Kick Off This March
Join over 400 guests each day or 5,000+ online attendees at this year’s Crypto Assets Conference (CAC23A) from March 29 to 30, 2023. At one of Europe’s leading digital assets conferences to discuss t...
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,...
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...