Cryptocoins News / The Cointelegraph - 2 years ago
Discover the causes and mechanisms behind stablecoin depegs. Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or...
Cryptocoins News / The Cointelegraph - 2 years ago
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem. While some global economies g...
Cryptocoins News / CoinJournal - 2 years ago
Bitcoin finds support at $20k& Many cryptocurrency companies had exposure to SVB& Bitcoin investors should keep an eye on the S&P 500 and the Fed Cryptocurrency investors had a rough 2022. Bitcoin and other major cryptocurrencies tre...
Cryptocoins News / The Cointelegraph - 2 years ago
Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank to limit the fallout of the bank’s collapse and the subsequent impact on tech companies....
Cryptocoins News / The Cointelegraph - 2 years ago
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins. The death spiral of the Terra eco...
Cryptocoins News / Blockchain - 2 years ago
Circle's latest audit report reveals that the company's exposure to the US banking system stands at nearly $9 billion, with its reserves held by a number of regulated financial institutions, including SVB, BNY Mellon, and Silvergate. However, recent...
Cryptocoins News / Blockchain - 2 years ago
Governor Kristi Noem of South Dakota has vetoed House Bill 1193, which sought to exclude cryptocurrencies from the state's definition of money. The governor believes that the bill would put South Dakota at a disadvantage and potentially lead to futur...
Cryptocoins News / Blockchain - 2 years ago
Aave DAO has passed a proposal called “Rescue Mission Phase 1 Long Executor” to recover lost AAVE, LEND, Tether, UNI, and staked AAVE tokens that were mistakenly sent to certain token contracts in the past. This proposal authorizes Aave developers to...
Cryptocoins News / Blockchain - 2 years ago
The United States Securities and Exchange Commission has denied the proposal for a spot Bitcoin trust by investment manager VanEck. This decision follows a trend of the SEC denying every application for a spot Bitcoin trust over the last six years. T...
Cryptocoins News / Blockchain - 2 years ago
U.S. District Judge Lewis Kaplan has expressed concerns over the proposed bail conditions for former FTX founder Sam Bankman-Fried, citing the risk of potential evasion and covert electronic communication. (Read More)
Cryptocoins News / Blockchain - 2 years ago
A bankruptcy filing has revealed that BlockFi has $227 million in uninsured funds allocated to a money market mutual fund (MMMF) offered by Silicon Valley Bank (SVB), which was shut down by the California Department of Financial Protection and Innova...
Cryptocoins News / Blockchain - 2 years ago
Circle's $3.3 billion worth of USDC reserves held at Silicon Valley Bank (SVB) have not been processed, raising concerns over the stability of the cryptocurrency. This follows the disclosure that 20% of Circle's USDC reserves were held in several fin...
Cryptocoins News / Blockchain - 2 years ago
Circle, the issuer of USD Coin (USDC), was unable to withdraw $3.3 billion of its $40 billion reserves from Silicon Valley Bank (SVB), leading to a sell-off that caused the stablecoin's value to drop below its $1 peg. Circle initiated a wire transfer...
Cryptocoins News / Blockchain - 2 years ago
Despite the SEC's crackdown on staking services provided by centralized providers, Coinbase has informed its customers that its staking services will continue and may even increase. Coinbase has updated its staking terms and conditions, stating that...
Cryptocoins News / Blockchain - 2 years ago
Circle's announcement that Silicon Valley Bank failed to transfer $3.3 billion of its USDC reserves led to a significant sell-off, causing the stablecoin to depeg from the U.S. dollar. Investors who tried to cut their losses by exchanging USDC for ot...
Cryptocoins News / The Cointelegraph - 2 years ago
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses. Federal Reserve and Federal Deposit In...
Cryptocoins News / The Cointelegraph - 2 years ago
Several U.K. venture capital firms have supported SVB UK, stating it is a “trusted” partner and plays a “pivotal” role in supporting startups. The Bank of England (BoE...
Cryptocoins News / The Cointelegraph - 2 years ago
Several USDC holders have fled to other stablecoins amid fears surrounding its solvency. Several USD Coin (USDC) holders have fled to other stablecoins since March 10...
Cryptocoins News / EthereumWorldNews - 2 years ago
Circle CEO Jeremy Allaire has stated that USDC will be supported through external capital if necessary.& The Circle executive revealed that the company had initiated a transaction to transfer $3.3 billion out of Silicon Valley Bank.& Allaire...
Cryptocoins News / The Cointelegraph - 2 years ago
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January. Top Stories This WeekSilicon Valley Bank shut...
Cryptocoins News / The Cointelegraph - 2 years ago
The trading freeze follows an analysis from DeFi's risk manager firm Gauntlet Network considering different scenarios for the USD Coin price. Lending protocol Aave ha...
Cryptocoins News / The Cointelegraph - 2 years ago
The trading freeze follows an analysis from DeFi’s risk manager firm Gauntlet Network considering different scenarios for the USD Coin price. Lending protocol Aave has...
Cryptocoins News / The Cointelegraph - 2 years ago
According to insiders, 50% of uninsured deposits will be paid out by next week. According to a post on March 11 by Bob Elliot, the chief investment officer of Unlimit...
Cryptocoins News / The Cointelegraph - 2 years ago
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.” The Cosmos community has ap...
Cryptocoins News / The Cointelegraph - 2 years ago
The DeFi protocol experienced record-breaking daily trading volume after the USDC depeg as crypto whales fight for assets. Stablecoin swapping pool Curve Finance expe...
