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‘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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State regulator takes control of Signature Bank, federal regulators guarantee deposits

In order “to protect depositors,” the New York Department of Financial Services seized the cryptocurrency-friendly Signature Bank, according to a.

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Blockchain News

Feds Shut Down Signature Bank, Say Signature and Silicon Valley Bank Depositors Will Be Made Whole

Silicon Valley Bank and Signature Bank depositors will receive their cash on Monday. The announcement was made by Federal Reserve.

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Biden Vows to Hold Those Responsible for SVB, Signature Collapse

President Joseph Biden has promised to hold Silicon Valley Bank and Signature Bank’s failures accountable while ensuring Americans that their.

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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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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.

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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.

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Coinbase, Binance Suspend USDC Conversions as Dollar Peg Wobbles

Binance and Coinbase, two of the largest cryptocurrency exchanges, announced on Friday night that they will temporarily suspend USDC conversions.

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