The USDC stablecoin has for very long championed the market and has also been the second-largest stablecoin for a while now. Created by Circle Internet Financial, USDC holds an impressive market cap of around 40 billion dollars. Recently after the catastrophic downfall of the Silicon Valley Bank, the USDC stablecoin was de-pegged from the US […]
USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank
The post USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank appeared on BitcoinEthereumNews.com. Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped…
SEC Wells Notice, what is it and why more may be coming
The post SEC Wells Notice, what is it and why more may be coming appeared on BitcoinEthereumNews.com. Ad On February 21, Paxos halted the issuance of new BUSD tokens after it was given a Wells Notice, a document the SEC provides to entities under investigation. The SEC…
FC Barcelona Coach Xavi Has A ‘Mole’ In Locker Room Revealing ‘Confidential Information’ To Media
The post FC Barcelona Coach Xavi Has A ‘Mole’ In Locker Room Revealing ‘Confidential Information’ To Media appeared on BitcoinEthereumNews.com. FC Barcelona head coach is said to have a ‘mole’ in his locker room that has revealed sensitive … [+] information to the media. Getty Images FC Barcelona coach Xavi…
SVB closure spurs a crypto crisis: Coinbase and Binance suspend USDC conversions
The post SVB closure spurs a crypto crisis: Coinbase and Binance suspend USDC conversions appeared on BitcoinEthereumNews.com. Just a day after covering Silicon Valley Bank stock (NASDAQ: SIVB) 60% dip after it announced it was raising funds to cover a loss it made after selling securities at…
DeFi Altcoin Defies Crypto Downtrend, Surges 51% This Week Amid Skyrocketing Trading Volume
The post DeFi Altcoin Defies Crypto Downtrend, Surges 51% This Week Amid Skyrocketing Trading Volume appeared on BitcoinEthereumNews.com. An under-the-radar decentralized exchange (DEX) altcoin jumped by 20% on Friday, defying a nearly universal crypto market downtrend. Kwenta (KWENTA) is a derivatives DEX that offers exposure to real-world and…
USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB
The post USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB appeared on BitcoinEthereumNews.com. The fallout from the collapse of Silicon Valley Bank spread overnight to the USDC stablecoin, which lost its peg to the U.S. dollar and dropped as low as $0.88. …
Tesla Price Cuts Trigger Desperate Fight For Survival In China’s EV Market
The post Tesla Price Cuts Trigger Desperate Fight For Survival In China’s EV Market appeared on BitcoinEthereumNews.com. The China EV price war has reached a fever pitch — kicked off by Tesla — with the mass market the new battlefront in the world’s largest and fastest-growing market…
ADA, SOL, And MATIC All Up As Market Takes A Breath Of Relief
The post ADA, SOL, And MATIC All Up As Market Takes A Breath Of Relief appeared on BitcoinEthereumNews.com. Crypto prices are once again showing signs of life. ADA, SOL, and MATIC are all up by more than 4% over the last day. XRP is taking longer to show…
Why JinkoSolar Shares Are Sliding Today
The post Why JinkoSolar Shares Are Sliding Today appeared on BitcoinEthereumNews.com. JinkoSolar Holding Co., Ltd (NYSE: JKS) reported a fourth-quarter FY22 revenue growth of 85.5% year-on-year to $4.41 billion, beating the consensus of $3.81 billion. The sequential and year-over-year increases were mainly attributable to…