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Unrealized Losses: US Banks Face $205 Billion Scare but Remain Resilient

The US banking sector is reeling from a shocking revelation: the country’s four largest banks—Bank of America, Wells Fargo, JPMorgan.

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Blockchain News

Stablecoins’ Market Capitalization Falls to Lowest Level in 18 Months, Data Shows

The total market value of stablecoins in the cryptocurrency space has declined by 1.35% to $133 billion, the lowest in.

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Latest News

Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, But It’s Not

The U.S. Federal Reserve’s (Fed) balance sheet expanded by $297 billion to $8.63 trillion in the week of March 15,.

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Latest News

Decentralized Exchange (DEX) Trading Volumes Surged Nearly 250% Amid Stablecoin Crisis

During the stablecoin crisis earlier this week, which saw the value of USDC, the second-largest stablecoin by market capitalization, drop.

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Blockchain News

‘Desperate’ Stablecoin Investor Pays $2 Million for Just $0.05 in $USDT After $USDC and $DAI Depeg

In an on-chain deal, a “desperate” cryptocurrency investor paid well over $2 million to switch into $USDT from an investment.

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Latest News

$USDC Regains Its Peg After U.S. Treasury Department Says Depositers of SVB Will Be Made Whole

The release of a crucial joint statement by U.S. Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair.

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Latest News

Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire

Circle The CEO of USDC, Jeremy Allaire, stated on Twitter that the organization’s reserves are “safe and secure,” and that.

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Latest News

BCB Group Pauses US Dollar Payments Pilot after Signature Bank Closure

After the closure of Signature Bank earlier today by regulators, BCB Group, a London-based supplier of payment services and business.

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Blockchain News

Crypto Has Just Been Reminded About the Importance of Banks

Although most people had a terrible year in 2020, the tech industry had a boom. Consumers were spending more time.

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