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.
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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% to $1,649. Everyone.
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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.
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‘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.
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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.
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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 to $0.87 before.
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DOJ and SEC to Probe SVB Collapse and Insider Stock sales: Report
According to recent reports, both the United States Justice Department and the Securities and Exchange Commission (SEC) have begun looking into the sudden.
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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.
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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.
