USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
On Saturday, March 11, 2023, crypto advocates are involved as a couple of stablecoin belongings have depegged from their $1 parity. The second-largest stablecoin USDC,...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist
At 4:30 p.m. Eastern Time, Silvergate Bank introduced its intention to wind down the crypto-friendly financial institution’s operations and voluntarily liquidate the corporate’s property. The...
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
On Friday, the cryptocurrency agency and stablecoin issuer Circle introduced that the monetary establishment Citizens Trust Bank will maintain $65 million in usd coin money...
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
A professor from Cornell University has warned in regards to the potential results a collapse of a significant stablecoin might have on the U.S. bond...
World Economic Forum Believes Crypto Will Remain Key Technology
The World Economic Forum (WEF) has reviewed what occurred in 2022 in crypto, making a number of predictions about the way forward for the ecosystem....
Drones, Fertility, and Defi — A Look at Alameda Research’s Massive $5.4 Billion Portfolio of Investments
Over the previous few weeks, there’s been lots of data revealed surrounding the latest FTX and Alameda Research catastrophe. On Dec. 6, the Financial Times...
Don’t Forget the Importance of Censorship Resistance
Since persons are as soon as once more speaking about self-custody as certainly one of crypto’s distinctive strengths, I wish to remind everybody about an...
Stablecoin Economy Continues to Shrink Shedding Close to five% in 2 Months
During the final month, the market capitalization of all of the stablecoins in existence dropped by greater than 2%, shedding roughly $2.98 billion because the...
Elephant within the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
On Nov. 9, 2022, a day after the information broke concerning Binance planning to buy the trade FTX, the crypto financial system dropped 11.17% in...
Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year
According to the crypto agency Circle Internet Financial, the corporate is “deepening” its partnership with the world’s largest asset supervisor Blackrock. Circle disclosed that it...