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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.

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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.

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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),.

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Latest News

Stablecoin Issuers Seek to Diversify Banking Partners in the Wake of Silicon Valley Bank’s Meltdown

Today’s bankruptcy of California’s Silicon Valley Bank removes one lending partner from the cryptocurrency industry, increasing pressure on stablecoin producer.

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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 contagion after Friday’s second-largest bank collapse (SVB). Venture capitalists and crypto executives.

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Coinbase reiterates that staking services will continue, despite SEC crackdown

Coinbase has reassured users that its staking services will continue and “may actually increase” despite the recent crackdown by the.

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Blockchain News

​​Stablecoins and Ether are ‘going to be commodities,’ Reaffirms CFTC Chair

Stablecoins and Ether are commodities, according to the head of the United States Commodities Futures Trading Commission (CFTC), and should.

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Blockchain News

Tether Strikes at WSJ over ‘stale allegations’ of Faked Documents for Bank Accounts

The business that created the stablecoin Tether USDT$1.00 has refuted a Wall Street Journal story that said it was connected.

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Blockchain News

MicroStrategy, Tether Adds to Firms Distancing From Silvergate as Stock Dives 57%

MicroStrategy and Tether are the latest companies to disclaim any significant connection to Silvergate Bank. Once Silvergate stated on March.

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Blockchain News

Binance USD (BUSD) Supply Slumped 60% Since SEC Enforcement Action

The supply of Binance USD (BUSD), the third-largest stablecoin, has decreased by 60% since the middle of February, and it.

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