Category : More

Coinbase just suspended selling USD Coin. Massive selloff drains Curve pool.

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...

Coinbase to pause USD Coin to USD conversion this weekend, they assure funds are safe

submitted by /u/Concept-Plastic [link] [comments]

Silicon Valley Bank Contagion: Crypto Companies Affected Include BlockFi, Circle, Avalanche

submitted by /u/Trixteri [link] [comments]

I'm afraid we have some bad news

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...

75% of /r/CC readers haven't been around for this tidbit: there was a time when tether (USDT) lost its peg in 2018 for about a week.

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...

Found a BTC ATM in Mexico City’s downtown

submitted by /u/No-Property1991 [link] [comments]

Circle confirms $3.3 billion of its reserves are with Silicon Valley Bank

submitted by /u/_cipherunknown [link] [comments]

Alright guys, banks have been folding and fear mongering as been starting to surface..

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...

With all the bank runs and liquidations Bitcoin is inevitable!

submitted by /u/ProthosMining [link] [comments]

Fiat bank users with more than 12 BTC just lose the rest if the bank goes bankrupt. Living in the past must be crazy.

If you got 100 BTC stored at the bank in fiat currency and they go bankrupt, they only return 12 BTC worth of fiat currency, that's crazy they called it FDIC insurance. submitted by /u/hyperinflationUSA [link] [comments]

Remember why we’re here in the first place..

Why was Bitcoin created? The concept of Bitcoin first came into creation in 2008, as a response to the Great Financial Crisis and the financial world’s reliance on banks as intermediaries of all financial transactions. submitted by /u/P...

This is the moment Bitcoin is supposed to shine, right?

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...

News: Open AI announced a product that allows you to receive cryptocurrency using artificial intelligence.

Recently, the official Twitter account of OpenAI posted tweet about the release of a new tool for obtaining cryptocurrencies using artificial intelligence technologies. I quote their tweet: Open AI is now available to CryptoGPT. The first ever...

1 Bitcoin or higher income?

You've got an extra $25k and BTC is $20k right now. Would you rather: A) Buy 1 Bitcoin B) Get a CDL + a few months of cushion to land a job as a cementing operator for payment of $3k a week after taxes. submitted by /u/Small_Cap_Fin...

Square Enix also hopes you "...look forward to the blockchain games we plan to launch in FY2024/3 and thereafter." Planning to launch on Ethereum

submitted by /u/aminok [link] [comments]

Daily General Discussion - March 11, 2023 (GMT+0)

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...

BlockFi holds $227 million in Silicon Valley Bank... When will the show end!?

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...

Was today a bit of a Bitcoiner’s wet dream?

So, a bank basically collapsed. Wells Fargo is doing some shady shit with deposits (conveniently heading into the weekend). Many unrealized losses on the books of all the big banks. The system cracking at a faster pace now. Bitcoin is down again, yes...

What even is a safe stablecoin at this point?

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...