Reversal of Capital Flight Signals Optimism for US Banking System
In a surprising turn, the mass flight of capital from the US banking system has stopped, as depositors have shown renewed confidence by.
Blockchain News
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 that gave them.
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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 statement made by.
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 Chairman Jerome Powell,.
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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 deposits are safe..
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 on their phones.
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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 went from robust.
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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 stablecoin USDC. 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 as the fallout.
