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.
Latest News
Latest 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.
- by Oladapo Hapostle
- March 15, 2023
Latest 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),.
- by Oladapo Hapostle
- March 12, 2023
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.
- by Oladapo Hapostle
- March 12, 2023
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.
- by Oladapo Hapostle
- March 11, 2023
Latest News
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.
- by Oladapo Hapostle
- March 11, 2023
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.
- by Oladapo Hapostle
- March 9, 2023
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.
- by Oladapo Hapostle
- March 6, 2023
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.
- by Oladapo Hapostle
- March 3, 2023
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.
- by Oladapo Hapostle
- March 2, 2023