Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River
Circle said the USDC reserve deposits held at the failed Silicon Valley Bank will be recovered when banks open on Monday.
-
-
Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk
Circle said its $3.3 billion of USDC cash reserves at the collapsed Silicon Valley Bank will be available Monday after regulators stepped in to backstop deposits.
-
Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks
Bitcoin and Ether led a rebound in cryptocurrencies in Asia morning trading as U.S. regulators backstopped banks with ties to the crypto industry.
-
Bet on the Black? Take a punt on the Red? Or maybe put it all down on an NFT?
Savvy traders are quick to extract liquidity to reinvest into the “slot machines” of the NFT casino, according to CryptoSlam’s NFT strategist.
-
Most of NFT industry working on recycled liquidity, says Forkast Labs’ co-founder
NFT sales and market capitalization show rising investor activities, but recycled liquidity and wash trading may tell a different story, Forkast Labs co-CEO says.
-
Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil
Silvergate Capital said Wednesday it will cease operations and liquidate its bank unit.
-
How Singapore’s crypto ambitions are taking shape and what other nations can learn
Unique in the world, Singapore is a big investor and player in digital assets while advancing regulations that favor institutions over individual crypto users, writes Danny Chong of Tranchess.
-
Silvergate teeters as regulators circle and crypto firms cut ties
Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.
-
Forkast 500 NFT index edges up, Animoca Brands’ NFT collection leads in sales
The Forkast NFT 500 Index inched up 0.07% to 4,278.68 in the 24 hours through 9 a.m. in Hong Kong on Wednesday.
-
Kraken to launch U.S. crypto bank amid regulatory headwinds
U.S.-based cryptocurrency exchange Kraken is working on establishing its own bank, despite the recent regulatory headwinds