Circle, the issuer of the USDC stablecoin is facing massive heat from the shutdown of the Silicon Valley Bank (SVB) on Friday, March 10. Circle has recently confirmed that it has $3.3 billion, of its total $40 billion in USDC reserves, with SVB. As a result, the Circle stablecoin is seen drifting from its Dollar […]
Kucoin under regulatory pressure, can shorting yield more gains
The post Kucoin under regulatory pressure, can shorting yield more gains appeared on BitcoinEthereumNews.com. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The New York attorney general filed a lawsuit against…
Circle discloses $3.3B tied up at Silicon Valley Bank
The post Circle discloses $3.3B tied up at Silicon Valley Bank appeared on BitcoinEthereumNews.com. On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC…
Coinbase Pauses Conversions Between USDC and US Dollars as Banking Crisis Roils Crypto
The post Coinbase Pauses Conversions Between USDC and US Dollars as Banking Crisis Roils Crypto appeared on BitcoinEthereumNews.com. While temporary, the pause speaks to the chaos that’s roiled the crypto industry’s second-largest stablecoin in the wake of Silicon Valley Bank’s demise. All day Friday crypto traders speculated on…
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
“During periods of heightened activity, conversions rely on USD transfers from the banks that clear during normal banking hours,” Coinbase said in its tweet announcing the conversion pause. “When banks open on Monday, we plan to re-commence conversions.” Source: CoinDesk The post Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto […]
Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC reserves at Silicon Valley Bank (SVB). “Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not […]
Today’s Wordle #630 Hint, Clues And Answer For Saturday, March 11th
The post Today’s Wordle #630 Hint, Clues And Answer For Saturday, March 11th appeared on BitcoinEthereumNews.com. How to solve today’s Wordle. In Pictures via Getty Images We live in fast-paced culture where change happens so rapidly, it’s hard to keep up. I’ve been thinking a lot…
Coinbase halts conversion feature between U.S. dollars and USDC
The post Coinbase halts conversion feature between U.S. dollars and USDC appeared on BitcoinEthereumNews.com. Coinbase said Friday evening that it halted support for conversions between U.S. dollars and stablecoin USDC. “We are temporarily pausing USDC:USD conversions over the weekend while banks are closed,”…
Winners And Grades On March 10, 2023
The post Winners And Grades On March 10, 2023 appeared on BitcoinEthereumNews.com. Roman Reigns and Jey Uso reunite on SmackDown. Credit: WWE.com WWE SmackDown advertised Jey Uso coming home after he chose the Bloodline this past Monday in a dramatic heel turn…
Silicon Valley Bank (SIVB) dropped 60%: Is Recession Knocking?
The post Silicon Valley Bank (SIVB) dropped 60%: Is Recession Knocking? appeared on BitcoinEthereumNews.com. Silicon Valley Bank (SIVB) shares crashed by 60% on Thursday. Can it be said that recession is on the horizon? The company recently announced its plans to raise $2 billion-plus…