Nation
World
Politics
Sports
Business
Entertainment
Life
Tech
Science
Opinion
Crime
Health
Oddities

Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available

Por: CNBC Tech March 13, 2023

thumbnail

In this articleIn this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen.Rafael Henrique SOPA Images Lightrocket Getty Images (USDC) came close to regaining its dollar peg on Monday after Circle, which issues the stablecoin, said that the $3.3 billion it held with the now-collapsed will be fully available when U.S. banks open.USDC is a type of cryptocurrency called a stablecoin which is supposed... + full article



Similar News

Stablecoin issuer Circle to transfer $3.3 billion in cash held at Silicon Valley Bank to BNY Mellon

MarketWatch USA Business March 13, 2023

thumbnailThe $3.3 billion in cash held at Silicon Valley Bank makes up about 8% of USDC’s more-than-$40 billion reserves, Circle said Saturday.  USDC , which is supposed to maintain a one-to-one peg against the U.S. dollar, rebounded to 99 cents on Sunday after the cryptocurrency fell... + más

Good riddance 2022. Here are five key themes for investors heading into the new year, according to BNY Mellon. | MarketWatch

Good riddance 2022. Here are five key themes for investors heading into the new year, according to BNY Mellon. | MarketWatch


Breaking The Buck: Stablecoins Depeg In Wake Of SVB And Silvergate Collapse

Forbes USA Business March 11, 2023

thumbnailUSD Coin (USDC) logo displayed on the screen. (Photo Illustration by Rafael Henrique/SOPA ... [+] Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images As investors went home on Friday to digest the collapse of two US banks in one week, the consequences of... + más

For subscribers: San Diego’s Silvergate warns of more losses, viability of its business after crypto crisis | Los Angeles Times

Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown | CNBC


Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure

CNBC USA Tech March 11, 2023

thumbnailLogo of Silicon Valley Bank is at a location in San Francisco, California, U.S. March 10, 2023.Staff ReutersThe U.S. cryptocurrency firm Circle's USD Coin lost its dollar peg and fell to a record low Saturday morning after the company revealed it has nearly 8% of its $40... + más

Binance temporarily halts withdrawals of stablecoin USDC as investor concerns mount after FTX collapse | CNBC

Where does the FTX debacle leave Boston’s biggest crypto company? | The Boston Globe


Struggling Silvergate Bank Held Reserves for Major Stablecoins, Raising Investor Protection Questions

MarketWatch USA Business March 04, 2023

thumbnailUntil recently, some major token issuers said they sometimes kept at least a portion of their reserves at La Jolla, Calif.-based Silvergate. The bank this week it would delay filing its annual report and warned about its ability to “continue as a going concern.” The... + más

For subscribers: San Diego’s Silvergate warns of more losses, viability of its business after crypto crisis | Los Angeles Times

Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown | CNBC


Crypto firm Binance ‘paused’ withdrawals after $1.9B taken out in 24 hours: data firm

New York Post USA Tech December 14, 2022

thumbnailBinance has seen withdrawals of $1.9 billion in the last 24 hours, blockchain data firm Nansen said on Tuesday, as the world’s biggest crypto exchange said it had “temporarily paused” withdrawals of the USDC stablecoin. Scrutiny of how crypto exchanges such as Binance and... + más

Binance CEO says deposits are 'coming back in' but sees 'bumpy' road ahead for the crypto firm | CNBC

DOJ divided over charging Binance for alleged crypto crimes, report says | Ars Technica


Binance temporarily halts withdrawals of stablecoin USDC as investor concerns mount after FTX collapse

CNBC USA Tech December 13, 2022

thumbnailBinance is the world's largest crypto exchange by trading volume.Jakub Porzycki Nurphoto Getty ImagesBinance, the world's largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDC while it carries out a token swap.The move comes as... + más

Crypto firm Binance ‘paused’ withdrawals after $1.9B taken out in 24 hours: data firm | New York Post

Binance CEO says deposits are 'coming back in' but sees 'bumpy' road ahead for the crypto firm | CNBC


Where does the FTX debacle leave Boston’s biggest crypto company?

The Boston Globe USA Tech November 15, 2022

thumbnailA bad year for crypto turned into a rout with the bankruptcy of digital currency exchange FTX last week. The collapse has shaken confidence in crypto markets and sent the price of bitcoin to the lowest level since 2020.FTX, valued at $32 billion earlier this year, was founded by... + más

FTX bankruptcy filing: Why the $32B crypto company collapsed, what it means for the future | ABC7

FTX Founder and CEO, Sam Bankman-Fried, Arrested In The Bahamas | Forbes



About iurex | Privacy Policy | Disclaimer |