USDC Market Cap Drops As Redemptions Climb To $1.4 Billion
As one of the prominent stablecoins in the cryptocurrency industry, USDC has experienced a significant drop in market cap in recent months. Redemptions.
Blockchain News
Blockchain News
Binance’s Lawsuit Fallout: Evaluating the Impact on Assets and Stability
The recent lawsuit filed by the SEC against major cryptocurrency exchanges Binance and Coinbase has sent shockwaves throughout the crypto community. Among the.
Crypto News
Circle Reportedly Adjusts USDC Reserves to Avoid US Default Risk
Circle, a stablecoin issuer, has apparently altered its reserves treasury in an effort to lessen the risks of US debt defaults. Circle CEO.
Crypto News
Gold Is Replacing US Dollar As American Currency Becomes ‘Toxic’ – Russia’s Deputy Foreign Affairs Minister
According to a senior member of the Russian administration, some nations are sharply reducing their dollar reserves while boosting their gold holdings. The.
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.
Crypto 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 liquidity activities will.
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 (Feds) Chairman Jerome.
Blockchain News
‘Nobody left to bank crypto companies’ — Crypto Twitter Reacts
With the loss of two large crypto-friendly banks in a week, some in the crypto industry say crypto enterprises may have trouble finding.
Crypto News
Decentralized Exchanges (DEX), Uniswap, Curve Finance, SushiSwap make a Killing Amidst Market Uncertainty
As the collapse of Silicon Valley Bank (SVB) caused FUD in the larger crypto market and depegged the USD Coin [USDC], decentralized exchanges.
Crypto News
USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses
The crisis surrounding cryptocurrencies kicked into high gear early on Saturday morning after the collapse of Silicon Valley Bank (SVB), which caused some.