News
Mar
12
2023
Is the US banking system on the verge of collapse? $620B in unrealized losses unveiled
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According to FDIC Chairman Martin Gruenberg, US banks have over $620… More…
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Mar
12
2023
Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data
Crypto exchange Huobi converted $100 million worth of USD Coin (USDC)… More…
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Mar
11
2023
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
On Saturday, March 11, 2023, Circle Financial updated the public … More…
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Mar
11
2023
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday,… More…
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Mar
11
2023
Jeremy Allaire Says Circle Will Use Own Resources to Cover Shortfalls As USDC Moves Closer to Peg
Circle CEO Jeremy Allaire is speaking out for the first time following… More…
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Mar
11
2023
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
The company plans to use corporate resources to fill the gap, including… More…
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Mar
11
2023
$22 Trillion in US Banking System Backed by Just $225 Billion at FDIC: Bitcoin Proponent Gabor Gurbacs
A strategy advisor at Vaneck/MVIS is highlighting the disparity … More…
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Mar
11
2023
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
Silicon Valley Bank (SVB) has become the center of attention after… More…
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Mar
11
2023
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
On March 11, 2023, the decentralized finance project Makerdao issued… More…
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Mar
11
2023
Here’s What To Expect for Crypto As Silvergate Bank Collapses, According to Ava Labs President John Wu
Ava Labs president John Wu is warning that the crypto industry will… More…
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