Is CZ Right in Saying That “Banks Are a Risk to Fiat-Backed Stablecoins”? Probably Not
Over the past week, the peg of USDC to USD came under strain, after Circle revealed that it had significant deposits in the.
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Crypto News
Euler Hacker Seemingly Taking Their Chances, Sends Funds to Crypto Mixer
Just hours after a $1 million bounty was posted to find the hacker responsible for the $196 million attack on Euler Finance, the.
Crypto News
Can Circle [USDC] Turn Things Around With New Plan? All You Need to Know
Circle had its most difficult week of the year after USD Coin [USDC] lost its dollar peg. Although it has subsequently recovered, the.
Bitcoin News
‘Textbook Perfect’ Bitcoin Price Pattern Sees $BTC Target $100,000, Crypto Analyst Says
Charles Edwards, a well-known cryptocurrency analyst and the founder of Capriole Investments, has identified a “textbook flawless” Bitcoin pricing pattern that indicates the.
Crypto News
Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
Investors fled three days ago when Circle-issued USDC failed to keep its peg against the U.S. dollar. Messari data suggests Circle has taken.
Crypto 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 to $0.87 before.
Crypto News
Circle CEO ‘able to access’ $3.3B of USDC’s Reserves at Silicon Valley Bank
Jeremy Allaire, CEO and co-founder of Circle, stated that the stablecoin issuer has been “able to access” its $3.3 billion in funds that.
Crypto News
FTX and Alameda Addresses Suddenly Wake up, Move $190 Million on Exchanges
FTX, a cryptocurrency derivatives exchange, has been in the news recently due to the transfer of significant amounts of USDT and USDC to.
Crypto News
Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
Over the weekend, a wallet with the name Vitalik Buterin paid 500 ether, or just over $700,000, to create the less well-known RAI.
Bitcoin News
Bitcoin Price Explodes 10% In 24 Hours With A Breach Of The $24,000 Level
The Bitcoin price has risen in the last week as a result of the United States’ worsening banking crisis and the federal government’s.