Category: Latest news

[ad_1] Ad What we know so far about the SVB collapse and USDC/DAI depeg (updated): Crypto firm Circle reveals $3.3 billion stuck in SVB DAI/USDC depeg as stablecoin pressure continues after Silicon Valley bank collapse Binance suspended USDC conversions due to volatile market conditions Coinbase suspended USDC conversions “over the weekend while banks are closed”…

[ad_1] Ad According to venture capitalist and longtime crypto supporter Nic Carter, the recent crackdown on the US crypto industry can be dubbed “Operation Choke Point 2.0.” Carter argues that inter-governmental organizations are working to suffocate and destroy the crypto industry. Carter’s post, titled “Operation Choke Point 2.0 Is Underway, And Crypto Is In Its…

[ad_1] Ad Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion sparked by the depeg of Circle’s USDC stablecoin on March 11, according to CryptoSlate data. USDC lost its peg after Circle announced that roughly $3.3 billion of its cash reserves were…

[ad_1] Ad U.S. Senator Elizabeth Warren’s latest tweet about “sham crypto audits” and holding auditors “accountable” has caused a furor among the Twitter crypto community. The community said the tweet was Warren’s latest attempt to demonize the crypto industry and called it “tone deaf” amid the banking crisis involving Silicon Valley Bank (SVB) ‘Sham audits’…

[ad_1] Introduction Silvergate bank announced it would begin winding down operations and undergo voluntary liquidation. On March 8, the bank said it was exploring how it could resolve claims and ensure the continued residual value of its asset while repaying all deposits to clients. The decision was made in light of “recent industry and regulatory…

[ad_1] Ad Global cryptocurrency adoption remains on course to reach approximately 750 million users by the end of 2023, according to Triple-A. Per the report, the top five countries by the estimated number of holders are the U.S., India, Pakistan, Nigeria, and Vietnam at 46 million, 27 million, 26 million, 22 million, and 20 million,…

[ad_1] Ad TLDR At the upcoming Federal Open Market Committee (FOMC) meeting on March 22, a 25 basis point rate hike is the favored probability. A terminal fed funds rate of 5.50% with a 25bps cut at the end of the year The Unemployment Rate went up to 3.6% from 3.4% GBTC discount narrows after…

[ad_1] Ad On February 21, Paxos halted the issuance of new BUSD tokens after it was given a Wells Notice, a document the SEC provides to entities under investigation. The SEC can issue a Wells Notice to outline the substance of the charges that the regulator plans to bring. In addition, it allows the respondent…

[ad_1] Ad The U.S. Securities and Exchange Commission (SEC) has once again rejected VanEck’s proposal for a Bitcoin spot ETF, according to a March 10 filing. SEC rejects VanEck Bitcoin ETF The relevant filing indicates that the SEC has rejected a rule change through which Cboe BZX Exchange intended to list VanEck’s exchange-traded fund (ETF).…

[ad_1] Ad California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. Silicon Valley Bank closed by regulators The Federal Deposit Insurance Corporation (FDIC) said that the California Department of Financial Protection and Innovation closed SVB today. The FDIC said…