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.
Latest News
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.
- by Oladapo Hapostle
- March 24, 2023
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,.
- by Oladapo Hapostle
- March 18, 2023
Bitcoin News
First Mover Asia: Bitcoin Dips Below $25K as Market Debates Liquidity
Bitcoin and ether both started the Asian trading day down, with bitcoin down 2.5% to $24,330 and ether down 3.7%.
- by Oladapo Hapostle
- March 16, 2023
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.
- by Oladapo Hapostle
- March 16, 2023
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.
- by Oladapo Hapostle
- March 14, 2023
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.
- by Oladapo Hapostle
- March 14, 2023
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.
- by Oladapo Hapostle
- March 14, 2023
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.
- by Oladapo Hapostle
- March 14, 2023
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.
- by Oladapo Hapostle
- March 14, 2023
