Bitcoin Back on Track after Repeated Blows from Banking Sector
Bitcoin has resumed its 2023 surge and climbed above $24,000 following a seven-day drop brought on by a series of legal proceedings against significant banking...
Circle (USDC) Announces External Capital To Cover Silicon Valley Bank Shortfall
Silicon Valley Bank’s shutdown and the revelation of Circle’s $3.3 billion cash reserves in the bank have raised concerns in the cryptocurrency market. The event...
Circle’s $3.3b USDC Reserve Affected By Silicon Valley Bank’s Collapse
Circle’s USDC, the second-largest stablecoin with a market capitalization of $43 billion, has been hit by the collapse of Silicon Valley Bank (SVB), leaving investors...
Circle Moves USDC Reserve Deposits From Silvergate Bank
Circle, a US-regulated money transmission and electronic stored value company, announced today that it has moved a small percentage of USDC reserve deposits from Silvergate...
Circle Discontinues Silvergate Partnership
Circle, the issuer of the USDC stablecoin, has announced that it is discontinuing specific services with Silvergate Capital, a California-based crypto bank that provides banking...
Circle Advocates for Public Blockchains in Ireland
USDC issuer Circle has collaborated with the Central Bank of Ireland to promote the advantages of blockchain for enhancing consumer protection. In response to the...
Binance to Provide Auto-Transformation of stablecoins
The biggest crypto exchange around the world, Binance, has declared to transform the balances of the consumers as well as the deposits of the exclusive...