MakerDAO files emergency proposal addressing 3.1B USDC exposure
“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says MakerDAO. According...
Year: 2023
Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?
Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar. Bitcoin (BTC) refused to let $20,000...
What is ethical hacking, and how does it work?
Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized...
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank...
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling...
Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting...
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the dollar. The stablecoin ecosystem felt...
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank fund
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured; however, the fund doesn’t appear to be...
Bitcoin Price Prediction for Today, March 11: BTC Price Pauses Above the Psychological $20K Level
Bitcoin Price Falls Significantly Three Times as It Pauses Above the Psychological $20K Level – March 11, 2023 The largest...
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash
While the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk away with...
Sen. Warren calls out ‘sham audits’ while SVB threatens crypto bankruptcy
Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit...
Breaking: Circle discloses $3.3B tied up at Silicon Valley Bank
Circle joined other customers and depositors in calling for the continuity of SVB in the US economy. On March 10,...
Circle’s exposure to US banks could top $9B
Circle’s reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank and Bank...
Coinbase reiterates that staking services will continue, despite SEC crackdown
Despite the SEC looking to crackdown on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive...
