I know everything I am looking for is here, watch movies, watch series, education, games, exams, news, current events and many more.
” Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash “ The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows from centralized exchanges often spike when the markets are…
” Circle clears ‘substantially all’ minting and redemption backlog for USDC “ Stablecoin issuer Circle has announced it has cleared “substantially all” of the backlog of redemption requests for its stablecoin USD Coin (USDC). In a March 15 operational update, Circle said between the morning of March 13 to the close of business on March…
” Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank “ Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds held with the collapsed bank, Silicon Valley Bank (SVB). Speaking with Bloomberg Markets on March…
” CFTC adds execs from Circle, Ava Labs and Fireblocks to tech advisory group “ The Commodity Futures Trading Commission (CFTC) has signaled receptiveness to the crypto and blockchain sector after including several executives from the space as part of its new Technology Advisory Committee (TAC). CFTC commissioner and TAC sponsor Christy Goldsmith Romero announced…
” USDC depegged, but it’s not going to default “ Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon Valley Bank (SVB). The market reacted violently, causing USDC to lose its dollar peg….
” Recent contagion was ‘TradFi to crypto’ and not vice versa — Circle policy director “ Caroline Hill, the director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame from the recent collapse of banks tied to crypto on traditional financial institutions rather than digital assets. Speaking on…
” Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound “ Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition. HSBC officially announced on March 13 that its subsidiary HSBC UK Bank is acquiring Silicon Valley Bank UK…
” Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount “ Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC’s collateral was held at Silicon Valley Bank. However, not all of…
” Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds “ USD Coin (USDC) issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following Silicon Valley Bank’s shutdown, said the company in a statement on March 11. According to Circle, USDC liquidity operations will “resume as…
” Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs “ Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin (USDC) depegged on March 11. According to the Aave’s governance forum, the trading freeze follows…