USDC Bounces Back Toward $1 Peg after Fed Announcement
After assurance from CEO Jeremy Allaire that its reserves are secure and the company has new banking partners lined up for “banking open.
Blockchain News
Crypto News
100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank
Financial markets have been tumultuous. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender went from robust.
Crypto News
Sen. Warren calls out ‘sham audits’ while SVB threatens crypto bankruptcy
Elizabeth Warren and Ron Wyden, both of the United States Senate, have submitted a request to the Public Company Accounting Oversight Board (PCAOB).
Crypto News
Coinbase halts conversion feature between U.S. dollars and USDC
On Friday evening, Coinbase made the announcement that it would no longer facilitate currency conversions between US dollars and the stablecoin USDC. The.
Crypto News
Breaking: Circle discloses $3.3B tied up at Silicon Valley Bank
Circle, a blockchain payment technology startup that also issues USD Coins, acknowledged on March 10 that wire transfers initiated on Thursday to remove.
Blockchain News
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
Late on Friday, as the impact from the collapse of Silicon Valley Bank (SIVB) crept into the core of cryptocurrency trading, Coinbase (COIN).
Crypto News
Silvergate Suspends Silvergate Exchange Network as Company Reels From crises
Friday marked the beginning of Silvergate‘s suspension of its Silvergate Exchange Network due to what the company referred to as “a risk-based decision.”.
Blockchain News
MicroStrategy, Tether Adds to Firms Distancing From Silvergate as Stock Dives 57%
MicroStrategy and Tether are the latest companies to disclaim any significant connection to Silvergate Bank. Once Silvergate stated on March 1 that it.
Crypto News
Circle, a USDC stablecoin issuer, receives a digital payment license in Singapore
The USDC stablecoin, which has a market capitalization of more than US$43 billion, is issued by Circle Internet Financial Ltd. in the United.
Crypto News
With new reverse merger conditions, Circle doubles its value to $9 billion
After renegotiating and inking a new reverse merger arrangement with Concord Acquisition Corp, a blank-check acquisition corporation, Circle, the issuer of stablecoin USDC,.