Circle reassures market after stablecoin USDC breaks dollar peg
LONDON, March 11 (Reuters) – Stablecoin USD Coin (USDC) lost its dollar peg and fell to a record low on Saturday before recovering most of its...
Tagged: crypto
Crypto Shaken as SVB Exposure Depegs $37 Billion Stablecoin
(Bloomberg) — The fallout from the Silicon Valley Bank failure reached further into crypto, loosening a key cog in the market that is supposed to be...
Global AUM for crypto ETPs rose to $28 billion in February: Fineqia
The cryptocurrency market is experiencing yet another difficult patch as prices fall amid negative sentiment surrounding collapsed crypto-friendly banks Silvergate Bank and Silicon Valley Bank. But...
Amazon, Meta, Tesla and a Bitcoin bull say Dogecoin should be worthless
March 11, 2023 3:25 p.m | 3 min reading Benzinga examined the outlook for many investors’ favorite stocks this past week – here’s a look at...
Failed tech bank SVB held over $5B for prominent crypto VCs: Report
According to a report that began circulating on March 11 in the wake of the collapse of Silicon Valley Bank (SVB), prominent blockchain venture capitalists (VCs)...
Binance CEO Speculates Coordinated Efforts to Destabilize Crypto
The cryptocurrency market went through a whirlwind of challenges in 2022, and it looks like there will be no respite this year as well. As a...
Is the crypto industry at risk? VC Nic Carter says Operation Choke Point 2.0 is well underway
According to venture capitalist and longtime crypto supporter Nic Carter, the recent crackdown on the US crypto industry could be called “Operation Choke Point 2.0.” Carter...
South Dakota governor vetoes bill supporting CBDC over crypto
South Dakota Governor Kristi Noem has vetoed House Bill 1193. The bill changes the definition of money to exclude cryptocurrencies such as Bitcoin and includes support...
Consumer confidence in crypto strong despite turbulent 2022: Paxos survey
After a series of high-profile collapses and the subsequent regulatory heat in its wake, if you thought the crypto saga had hit a roadblock, you couldn’t...
Silicon Valley Bank Collapse Initiates Blame Between Crypto and Tech
SAN FRANCISCO — For once, the crisis didn’t seem to be about a cryptocurrency company. The sudden collapse of Silicon Valley Bank on Friday set off...