Banks are collapsing at an alarming rate, leaving investors and stakeholders questioning the stability of stablecoins. First, Silvergate failed, and now, SVB, which held $3.3B of Circle’s funds (the issuer of USDC), has been shut […]
Barr, a former Treasury Department official who briefly became an adviser for Ripple before returning to a government role in the Biden administration, didn’t mention Silvergate Bank in the statement, though that smaller institution was […]
“Paysafe, our fiat partner that provides GBP deposit and withdrawal services via bank transfers and via card to Binance users, has advised us that they will no longer be able to provide these services from […]
A debate from the 2008 financial crisis resurfaces as the FDIC intervenes to help two troubled institutions with crypto connections, says CoinDesk’s David Z. Morris. Source link
Filecoin’s native token FIL spiked 24% to around $6.44 on Monday. The launch of the Filecoin Virtual Machine (FVM), expected on 14 March, has the community buzzing. FVM brings smart contracts and network programmability to […]
As the wreckage that started inside crypto banking threatens financial institutions beyond the sector’s border, the federal government is eager to make it clear that it’s not going to let it get out of hand. […]
According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as […]
Circle Internet Financial’s USDC stablecoin saw almost $3 billion in net redemptions, defined as the total number of USDC burned minus the number of USDC minted between Friday, March 10 and press time, Monday, per […]
The Cardano (ADA) price has broken out from a short-term diagonal resistance but has yet to reclaim the main resistance area at $0.33. Cardano’s founder, Charles Hoskinson, made news by stating that algorithmic stablecoins are […]
The proposal, which received over 25 million votes in favor compared with five million votes against, aimed at increasing the amount of tokens in the protocol’s rewards treasury, with a decision on what happens to […]
Copyright © 2021|