by COINS NEWS - 2 years ago
You all have already seen the SVB led fiasco of USDC, trading at its lowest price in entire history and on a downfall. ($0.89 at the time of writing this post). What happened? A bank (Silicon Valley Bank in this case) messed it up on managing cash th...
by COINS NEWS - 2 years ago
Since the fall of FTX and arguably even long before, the media have been attacking Binance. I would argue that Binance is the most attacked company in the world. This FUD even sparked a major 'bankrun' with people withdrawing more than...
by COINS NEWS - 2 years ago
The unfortunate soul used the KyberSwap aggregation router to dump a large clip of 3CRV (DAI/USDC/USDT) LP token into USDT. This is already a questionable decision since you could just withdraw the LP into USDT for 6% slippage, but m...
by COINS NEWS - 2 years ago
Justin Sun the founder of TRON has just exchanged 82 million worth of $USDC to $DAI in some sort of arbitrage attempt. Both $USDC and $DAI have both depegged, both are trading at around ninety four cents. https://preview.redd.it/epz41w...
by COINS NEWS - 2 years ago
Usdc is holding on by a thread, a very, very thin thread. I believe there will be four ways this will end, I would love to hear you theories and thoughts on what I’m about to say, with further a do, let’s begin. FIRST OUTCOME Usdc continues being de...
by COINS NEWS - 2 years ago
I've shared these comments before but with the 3 year anniversary coming up and with recent news events and so-called "stable" coins losing their peg, I feel like now would be a good time to look through a previous "catastrophe&quo...
by COINS NEWS - 2 years ago
submitted by /u/JuicySpark [link] [comments]
by COINS NEWS - 2 years ago
We are now the number one defi pool on all of Arbitrum Nova passing the ETH/USDC pool. https://www.geckoterminal.com/arbitrum_nova/pools After hitting an ATH in TVL of $377K with over 124 ETH and 818K Moons in Liquidity. It's a bittersweet...
by COINS NEWS - 2 years ago
At the time of writing this, Curve 3pool USDT reserve is completely drained as a result of massive USDC selloff: https://preview.redd.it/tj791ftri1na1.png?width=942&format=png&auto=webp&s=105ccd3884fa2c2c0b5aec79178a6998412a9705 [UP...
by COINS NEWS - 2 years ago
submitted by /u/Concept-Plastic [link] [comments]
by COINS NEWS - 2 years ago
submitted by /u/Trixteri [link] [comments]
by COINS NEWS - 2 years ago
USDC has lost it's peg, this could be one of those black swan events that could collapse not only USDC, but crypto as a whole, hopefully it's going to go back up, if it doesn't...we are in for a rough ride, most of you will say "yeah...
by COINS NEWS - 2 years ago
So quick tangent: the subreddit's subscriber count really began to pick up at the end of 2020 to the end of 2021. Maybe 80% of the reader count we have now joined back then. https://imgur.com/a/0QGz7lh I remember the day when tether lost its pe...
by COINS NEWS - 2 years ago
submitted by /u/_cipherunknown [link] [comments]
by COINS NEWS - 2 years ago
I’m a avid lurker here in this sub and I’m kinda of active when I’m not busy working. But with the series of events this past week I have a strong feeling for next week to enter the “Contagion” phase which will really be a swift kick in the nuts for...
by COINS NEWS - 2 years ago
So Satoshi made Bitcoin in response to the Great Financial Crises and that having a fixed supply of “currency” was the only way for any economy to be fair. I was told for the last few years that when the fiat banking system faces severe stress, like...
by COINS NEWS - 2 years ago
submitted by /u/aminok [link] [comments]
by COINS NEWS - 2 years ago
Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. & Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on...
by COINS NEWS - 2 years ago
According to a recent bankruptcy filing, BlockFi holds $227 million in Silicon Valley Bank. However, the bankruptcy trustee cautioned the company on Monday that these funds are not FDIC insured because they are invested in a money market mutual...
by COINS NEWS - 2 years ago
USDC printed a -1% candle an hour ago. It's possibly in trouble because because of it's cash reserves being held by silvergate & SVB. USDT has been trading slightly above the peg today, probably because people are shifting to it from USDC...
by COINS NEWS - 2 years ago
submitted by /u/superduperdude92 [link] [comments]
by COINS NEWS - 2 years ago
Money laundering is nothing new in history. It is the process of converting money from illegal activities into legitimate sources. Source: biv.com In a press conference at the White House, Treasury Secretary Steven Mnuchin claimed: “Cr...
by COINS NEWS - 2 years ago
submitted by /u/Fritz1818 [link] [comments]
by COINS NEWS - 2 years ago
Coinbase released arguably the best crypto ad ever made on March 7th. The ad shows all the issues with the modern banking system and finishes with the sentence "It's time to update the system" you can see the ad here if you haven&...
by COINS NEWS - 2 years ago
The full list of banks that held $9.88 billion cash for Circle’s USDC https://preview.redd.it/5reb0ljp4zma1.png?width=540&format=png&auto=webp&s=46ae555deb2fa8290d83603be92615dc00d08615 Silvergate Bank Silicon Valley Bank...
