Crypto Users Turned to DEXs, Loaded up on USDC after Silicon Valley Bank Crash
With the failure of Silicon Valley Bank, investors loaded their bags with USD Coin $1.00, resulting in a fund flight from controlled exchanges.
Crypto News
Bitcoin News
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% to $1,649. Everyone.
Crypto News
Signature Bank’s Prospective Buyers Must Agree to Give Up All Crypto Business: Report
Signature Bank is for sale after being closed down by state officials on Sunday, but any potential buyer will apparently have to agree.
Bitcoin News
‘Textbook Perfect’ Bitcoin Price Pattern Sees $BTC Target $100,000, Crypto Analyst Says
Charles Edwards, a well-known cryptocurrency analyst and the founder of Capriole Investments, has identified a “textbook flawless” Bitcoin pricing pattern that indicates the.
Bitcoin News
US Credit Crunch Means it’s time to Buy Gold and Bitcoin: Novogratz
According to Michael Novogratz, founder and CEO of Galaxy Digital, the United States is on the verge of a credit crunch, making this.
Crypto News
Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
Investors fled three days ago when Circle-issued USDC failed to keep its peg against the U.S. dollar. Messari data suggests Circle has taken.
Crypto News
Decentralized Exchange (DEX) Trading Volumes Surged Nearly 250% Amid USDC, Stablecoin Crisis
During the stablecoin crisis earlier this week, which saw the value of USDC, the second-largest stablecoin by market capitalization, drop to $0.87 before.
Crypto News
DOJ and SEC to Probe SVB Collapse and Insider Stock sales: Report
According to recent reports, both the United States Justice Department (DOJ) and the Securities and Exchange Commission (SEC) have begun looking into the.
Crypto News
Circle CEO ‘able to access’ $3.3B of USDC’s Reserves at Silicon Valley Bank
Jeremy Allaire, CEO and co-founder of Circle, stated that the stablecoin issuer has been “able to access” its $3.3 billion in funds that.
Crypto News
Crypto Must Do Better to Be Banked, Say Industry Executives
Crypto’s go-to bank Silvergate’s voluntary collapse and government efforts to seize Silicon Valley Bank shook the industry. Depositors will be compensated, but the.