By Mar. 11, USDC, a stablecoin, de-pegged, falling to as low as $0.89 during the Asian session, trackers reveal. USDC de-pegs after Silicon Valley Bank folds The de-pegging of the USDC, theoretically ...
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USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank
Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped pr...
SEC Wells Notice, what is it and why more may be coming
Ad On February 21, Paxos halted the issuance of new BUSD tokens after it was given a Wells Notice, a document the SEC provides to entities under investigation. The SEC can issue a Wells Notice to outl...
SVB closure spurs a crypto crisis: Coinbase and Binance suspend USDC conversions
Just a day after covering Silicon Valley Bank stock (NASDAQ: SIVB) 60% dip after it announced it was raising funds to cover a loss it made after selling securities at a loss, the SVB closure is causin...
DeFi Altcoin Defies Crypto Downtrend, Surges 51% This Week Amid Skyrocketing Trading Volume
An under-the-radar decentralized exchange (DEX) altcoin jumped by 20% on Friday, defying a nearly universal crypto market downtrend. Kwenta (KWENTA) is a derivatives DEX that offers exposure to real-w...
USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB
The fallout from the collapse of Silicon Valley Bank spread overnight to the USDC stablecoin, which lost its peg to the U.S. dollar and dropped as low as $0.88. Following Circle’s disclosu...
Elon Musk Trolls Those Who Call Crypto a Scam as Two Major Banks Crash
Yuri Molchan Twitter boss Musk has posted another meme related to crypto and to two major banks that are shutting down Contents Elon Musk makes fun of crypto haters as two banks go down Bitcoin grows ...
American Express and 4 More Companies That Raised Their Stock Dividends
American Express Oracle and Johnson Controls were among the large U.S. companies that declared dividend increases this week. It was a fairly light week for such announcements, with earnings season hav...
3 cryptocurrencies to avoid trading for the week of March 13, 2023
Since the early days of the cryptocurrency industry, when Bitcoin (BTC) was the only digital asset in existence, the sector has exploded with tens of thousands of cryptocurrencies of all kinds, but no...
Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike
The second-largest bank failure in U.S. history might help the Federal Reserve do its job of tightening credit and slowing the economy. To be sure, the sudden collapse of the Silicon Valley Bank unit ...
Main Worrisome Events That Led Global Crypto Market Cap Collapses Below $1T
The last time the global market capitalization for cryptocurrencies traded below the $1 trillion mark was late January. The global crypto market capitalization has slipped below the $1 trillion mark f...
Avoid Market Volatility With Big Eyes, Stablecoins Tether And Origin Dollar
Here is why stablecoins like Tether and Origin Dollar are ideal for those who wish to avoid the instability of altcoins. Although it isn’t a stablecoin, Big Eyes is doing all it can to keep investors ...
After Twitter, Elon Musk To Buy Collapsed Silicon Valley Bank (SVB)? Here’s The Complete Truth
Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising. The abrupt collapse has resulted in t...
BTC’s Rollercoaster Around $20K Continues as USDC Drops to $0.9: Weekend Watch
Bitcoin’s woes keep on coming as the asset plummeted to a new two-month low at $19,500 yesterday before bouncing off by over a grand. This comes amid the Silicon Valley Bank’s troubles and the apparen...
Analysis Platform Reveals The BTC Price Could Rise Again Soon
The move up for the crypto market leader BTC has begun. BTC’s price stands at $10,260.34 at press time. The BTC price is currently being forced below the key support level at around $19,900. The crypt...
Here are the court cases that will shape the future of crypto
Policy • March 11, 2023, 4:51AM EST Episode 21 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Dragonfly Capital Legal Counsels Jessica Furr and Bryan Edelman....
Rootstock integrated 7 DeFi protocols in February
Rootstock, a censorship-resistant and permissionless Bitcoin sidechain, added seven DeFi protocols, integrated new tools, and removed the BTC/rBTC two-way peg as they move closer to complete decentral...
Stablecoins No More Stable: After USDC Depeg, Is Tether’s USDT in Trouble?
The collapse of Silicon Valley Bank (SVB) has caused worry in the crypto industry, especially for investors who use stablecoins like USDC and USDT. Let’s see how this affects these stablecoins. USDC a...
Will USDC Crash? USD Coin trading at a 10% Discount!
The cryptocurrency market started crashing again earlier this week, as Bitcoin broke its support price of 20K. The total crypto market cap slipped below $1 trillion and panic spread quickly. Many cryp...
Bitcoin At A Crossroads: Expert Analyst Warns Of Do-Or-Die Moment For BTC Price
Bitcoin’s future remains uncertain as crypto analyst Cred warns that the cryptocurrency is on the verge of a crash. With a following of over 548,000 on Twitter, His warning has sparked concerns throug...
Coinbase will not back down on staking despite SEC’s stance
Coinbase, the crypto exchange, has said it would continue to provide its staking services, even though the Securities and Exchange Commission (SEC) is working on a plan to clamp down on purported unre...
Ripple v SEC Heats Up: Bloomberg Expert Predicts Ruling In First Half Of 2023
Bloomberg Intelligence analyst Elliott Z. Stein recently commented on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), stating that he expects a ruling on...
Silicon Valley Bank ($SIVB) Shut Down By Banking Regulator
– Advertisement – Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation. The FDIC-insured crypto-friendly bank was shut down by the ban...
VCs Agrees To Support Silicon Valley Bank Again
Venture capital firms agree to support and ask portfolio companies to resume their banking relationship with Silicon Valley Bank again if the bank is acquired and properly capitalized. Hemant Taneja, ...
Blockchain Development Trends – The Cryptonomist
The collapse of Terra LUNA/UST, Celsius, Voyager Digital, Three Arrows Capital and the most recent FTX saga has made 2022 a tough and volatile year for many in the industry. According to CoinMarketCap...
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes – Bitcoin News
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-n...
Litecoin registers this milestone despite a huge liquidity plunge
Litecoin maintains strong transaction volume on BitPay earning second place after Ethereum. LTC bears dominate while the network hash rate takes a stab at historic highs. Litecoin (LTC) is celebrating...
Making Crypto Trading Easy: Best Crypto Brokers in 2023
Numerous individuals hold the belief that digital currencies are the upcoming trend in the financial industry. If you plan on delving into the world of cryptocurrencies, selecting a trustworthy broker...
Binance CEO Mocks Critics as Two US Banks Crumble within a Week
Changpeng Zhao mocked US critics as two banks became insolvent. During FUD, Binance processed over $14 billion within a week. Binance’s spot volumes increased by 13.7% to an all-time high of $504 bill...
USDC Depegs Below $0.90, Circle Confirms Exposure to SVB
Crypto investors have flocked to redeem their USD Coin (USDC) holdings after its issuer Circle revealed it held $3.3 billion of its reserves at the failed Silicon Valley Bank (SVB). Concerns about USD...