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 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.
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.
Crypto News
USDC, Crypto Rallies on News that SVB, Signature Bank Deposits are Safe
The value of USDC came close to restoring its prior level, while the prices of cryptocurrency increased as a result of the announcement.
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.
Blockchain News
USDC Bounces Back Toward $1 Peg after Fed Announcement
After assurance from CEO Jeremy Allaire that its reserves are secure and the company has new banking partners lined up for “banking open.
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.
Bitcoin News
Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
After a tense Thursday and Friday, crypto investors were reassured by Federal regulators’ decision to fully restore Silicon Valley Bank (SIVB) deposits and.
Crypto News
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.
Bitcoin News
USDC Tumbles to $0.93 as Circle Reveals $3.3 Billion Held at SVB, Tether and Binance Not Exposed
Market players are concerned about Silicon Valley Bank‘s (SVB) contagion after Friday’s second-largest bank collapse (SVB). Venture capitalists and crypto executives discussed the.