Search

Nalezeno "Circle": 1875

Circle’s USDC instability causes domino effect on DAI, USDD stablecoins

11.3.2023
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the dollar

USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

11.3.2023
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan

Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto

11.3.2023
Circle's USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners

Circle discloses $3.3B tied up at Silicon Valley Bank

11.3.2023
Circle joined other customers and depositors in calling for the continuity of SVB in the US economy

Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank

11.3.2023
Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday

Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown

11.3.2023
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank

USDC Issuer Circle Says it 'Awaits Clarity' From FDIC on Silicon Valley Bank Collapse

11.3.2023
In its first statement following the collapse of Silicon Valley Bank, Circle declined to state how much cash it has tied up at the bank

USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

11.3.2023
USDC dropped to $0.973, its lowest level since the collapse of FTX

Circle's exposure to U.S. banks could top $9B

10.3.2023
Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon

Ethereum Shanghai upgrade could benefit liquid staking providers and cement ETH’s layer-1 dominance

10.3.2023
Ethereum’s Shanghai upgrade is set to unlock a trove of staked Ether and possibly benefit other staking protocols that offer lucrative yields

Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns

10.3.2023
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

10.3.2023
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank

Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin

9.3.2023
Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence

10 ways communities can attract Web3 businesses to set up shop

9.3.2023
Attracting Web3 businesses will take a blend of traditional strategies and a commitment to helping the industry develop a firm foundation

Is crypto winter almost over? Surviving the unknown months

9.3.2023
Like every market cycle, this crypto winter will eventually end

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...

Crypto Long & Short: Why Layer 2 Protocols Matter

8.3.2023
This week, Glenn Williams Jr. tackles one of the core bits of infrastructure that anyone in the hunt for crypto investments must grasp. Then, Todd Groth of CoinDesk Indices wades into one of traditional finance’s biggest numbers: $7 trillion