Crypto Market Rallies on FDIC Banking Intervention, USDC Regains Dollar Peg
All cryptocurrencies’ market capitalization has surpassed $1 trillion once again. The damaged crypto market turned green after a joint statement from the Federal.
Crypto News
Crypto 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 Circle to expand.
Bitcoin News
USDC Tumbles to $0.93 as Circle Reveals $3.3 Billion Held at SVB, Tether and Binance Not Exposed
Market players are concerned about Silicon Valley Bank‘s (SVB) contagion after Friday’s second-largest bank collapse (SVB). Venture capitalists and crypto executives discussed the.
Blockchain News
USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
Late Friday night, the USDC issuer Circle Internet Finance released a statement saying that it “awaits clarity” from federal banking regulators regarding the.
Crypto News
Bankrupt Crypto Lender Voyager Sells 400 Billion Shiba Inu ($SHIB) on Coinbase
($SHIB) tokens, along with other cryptocurrencies including Ethereum ($ETH), Voyager Token ($VGX), and Chainlink ($LINK), on the Coinbase cryptocurrency market, which is listed.
Crypto News
Coinbase halts conversion feature between U.S. dollars and USDC
On Friday evening, Coinbase made the announcement that it would no longer facilitate currency conversions between US dollars and the stablecoin USDC. The.
Blockchain News
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
Late on Friday, as the impact from the collapse of Silicon Valley Bank (SIVB) crept into the core of cryptocurrency trading, Coinbase (COIN).
Crypto News
Coinbase, Binance Suspend USDC Conversions as Dollar Peg Wobbles
Binance and Coinbase, two of the largest cryptocurrency exchanges, announced on Friday night that they will temporarily suspend USDC conversions as the fallout.
Crypto 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 U.S. Securities and.
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Collapsing Crypto Yield Offers Suggests ‘Extreme Durses’
This cycle has been supercharged by speculation and yield, all the way back to the first Grayscale Bitcoin Trust premium arbitrage opportunity. Because.