In a recent interview, Circle’s CEO pointed out the irony of a traditional bank disrupting the wider crypto industry. “We are really trying to make sure that we’ve got the most solid infrastruct...
Tag: Dollar
Investor Mints $407.8M in USDC as Stablecoin Recovers Dollar Peg
Those looking to stablecoin issuer Circle as crypto’s next fire sale may have to look elsewhere. At the time of writing, Circle’s U.S. dollar-pegged stablecoin has almost regained its full value afte...
Crypto Market Rallies on FDIC Banking Intervention, USDC Regains Dollar Peg
The market cap of all cryptocurrencies is back above the $1 trillion mark. After a joint statement from the Federal Reserve, U.S. Treasury, and FDIC declared that all depositors of now-shuttered Silic...
USDC Stablecoin Regains Dollar Peg, Crypto Daily TV 14/3/2023
In Todays Headline TV CryptoDaily News: USDC stablecoin regains dollar peg after Silicon Valley Bank-induced chaos. The USDC stablecoin regained its peg to the U.S. dollar, after falling below the $1...
Should you buy or sell the dollar after the first collapse of a US bank in 15 years?
Turbulence once again grips financial markets ahead of the US inflation report and the Fed’s interest rate decision. News that the Federal Deposit Insurance Corporation (FDIC) moved to close Silicon V...
Coinbase Resumes USDC to Dollar Conversion
Coinbase has resumed USDC to USD conversion as the banks reopen after the weekend break. And the stablecoin has regained its $1 peg. As crypto recovers back to normal after a weekend full of volatilit...
Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown
Okcoin, the U.S. affiliate of cryptocurrency exchange OKX, announced on March 13 that it had no exposure to defunct U.S. tech bank Silicon Valley Bank (SVB). However, Okcoin CEO Hong Fang stated that ...
OKCoin pauses dollar deposits, OTC services after ‘managing’ Silvergate situation
OKCoin, a U.S.-based crypto exchange affiliated with the much larger OKX, temporarily paused deposits of U.S. dollars following Sunday’s failure of Signature Bank. OKCoin CEO and OKX Pres...
US dollar index (DXY) gets oversold
The US dollar index (DXY) retreated for the third straight day as traders adjusted their view of the Federal Reserve. It retreated to a low of $104, which was much lower than last week’s high of $105....
BCB Group pauses US dollar payments pilot after Signature Bank closure
BCB Group, a London-based provider of payment services and business accounts for crypto firms, halted a planned U.S. dollar payments program after regulators shut down Signature Bank earlier today. &#...
South African Rand Plunges to New 2023 Low Versus the US Dollar – Africa Bitcoin News
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Afri...
Friday’s NFP Report exceeded expectations: so why did the dollar tank?
The Non-Farm Payrolls (NFP) report for February was scheduled for release last Friday – one week later than usual. It showed that the payroll employment rose by 311k in February, while the unemploymen...
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...
$6,300,000,000 Erased From USDC Market Cap As Top Stablecoin Depegs From US Dollar
USD Coin (USDC) is struggling to maintain its peg to the US dollar after revelations that some of the cash backing the top stablecoin is stuck in Silicon Valley Bank. The Boston-based firm says $3.3 b...
USDC Stablecoin Loses Dollar Peg Following Collapse of Major Banking Partner ⋆ ZyCrypto
Advertisement     USDC stablecoin lost its peg to the dollar early Saturday, dropping as low as $0.84 moments after the descent of Silicon Valley Bank, a major banking...
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 ...
USDC Dollar Peg Takes Major Hit Amid High Volatility
Circle, the issuer of the USDC stablecoin is facing massive heat from the shutdown of the Silicon Valley Bank (SVB) on Friday, March 10. Circle has recently confirmed that it has $3.3 billion, of its ...
USD/JPY Forecast – US Dollar Gives Up Early Gains Against the Japanese Yen
USD/JPY Forecast Video for 13.03.23 US Dollar vs Japanese Yen Technical Analysis The US dollar initially tried to rally during the trading session on Friday but gave back gains as the Non-Farm Payroll...
$920B is the number to watch now that crypto’s trillion dollar total market cap is gone
Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a level that held for 48 days before collapsing on March 9. After ...
Fed Chair Ponders Potential for Digital Dollar to Send Bitcoin to Zero
U.S. Congressman Stephen Lynch (D-MA) expressed concern Wednesday over the possible impact of a central bank digital currency (CBDC), asking Federal Reserve Chairman Jerome Powell to ponder the potent...
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade – Economics Bitcoin News
On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil de...
Bitcoin clings to $22K as US dollar strength rises to December levels — What’s next?
Bitcoin (BTC) fell to three-week lows on March 8 as stronger-than-expected employment data from the United States dampened risk assets. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Emplo...
FTX Bankruptcy Lawyers Submit Multi-Million Dollar Bill for Work
Bankruptcy lawyers for the embattled crypto exchange FTX have submitted a hefty invoice for their work. Meanwhile, creditors are seeking their BTC back from Grayscale. The phalanx of lawyers working w...
AUD/USD Forecast – Australian Dollar Continues to Threaten a Breakdown
AUDUSD Forecast Video for 08.03.23 Australian Dollar vs US Dollar Technical Analysis The Australian dollar has fallen rather hard during the course of the trading session on Tuesday, as we are now wel...
US dollar index (DXY) forms a double-bottom at the 23.6% Fib
The US dollar index made a bearish breakout ahead of a relatively busy week that will determine its performance for the rest of this year. The closely-watched DXY index retreated to a low of $104.12, ...
Focus On Maximizing EBITDA To Gain Top Dollar For Your Private Business
Frequently, owners of small businesses obsess about the multiple their company will fetch when sold. While the multiple is important – a business sold at 9 times EBITDA is worth 50 percent more than i...
U.S. race for digital dollar fuels case for Bitcoin, says deVere Group CEO
With the U.S. government’s work on a potential digital dollar accelerating, meaning a digital greenback could soon be a reality in the U.S., the case for Bitcoin becomes “significantly stronger.” This...
Bybit U.S. Dollar Deposits ‘No Longer Available,’ Withdrawals Up To March 10 Only
Bybit has suspended U.S. dollar deposits using bank transfer owing to a partner-triggered service outage, the Dubai-headquartered crypto exchange announced. Bybit announced on its website that U.S. do...
Crypto Banking Firm BCB Readies U.S. Dollar Payments to Plug Silvergate Gap
The key differences between BLINC and SEN is that the former is multicurrency and isn’t tied to a single credit institution, such as a Silvergate or Signature Bank, Landsberg-Sadie said. It was not de...
Ethereum Price In Limbo: Can A Dip In The Dollar Help it Rally To New Heights?
The Ethereum price is stuck around the $1550 level without displaying any possibility of breaking above the consolidation in the near future. The reduced volatility could have indicated that the bulls...
US Dollar Rebound Looks Like a Pale Shadow of Its 2022 Surge
(Bloomberg) — The dollar’s recovery from a 10-month low has run into a speed bump, with the rally in the currency trailing behind the sizzling surge in Treasury yields. Most Read from Bloomberg ...
The Paul Volcker Narrative Imagines an Economy That Doesn’t Exist, and That Never Has
The Chinese government forbids foreign ownership of a broad range of Chinese businesses, including those that run websites. Despite this, despite endless rules meant to repel foreign capital migrating...