How to host a decentralized website
Explore decentralized web hosting and how it distributes data securely across a network of nodes. Read More
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion sparked by the depeg of Circle’s USDC stablecoin on March 11, according to CryptoSlate data. The post Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor appeared first on CryptoSlate. […]
Curve Finance trading volume reaches $7B historic high after USDC depeg
The DeFi protocol experienced record-breaking daily trading volume after the USDC depeg as crypto whales fight for assets. Read More
ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.” Read More
USDC slowly repegs on unconfirmed reports of SVB resolution
According to insiders, 50% of uninsured deposits will be paid out by next week. Read More
Aave freezes stablecoin trading on v3 Avalanche as activity surges on CEXs
The trading freeze follows an analysis from DeFi’s risk manager firm Gauntlet Network considering different scenarios for the USD Coin price. Read More
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,“ enabling USDC redemption at 1:1 with the U.S. dollar. Read […]
Stablecoins rally as Circle announces it will cover all USDC redemptions 1:1
Quick Take On Saturday, March 11, Circle CEO Jeremy Allaire announced that Circle pledges to cover any shortfall in the assets backing USDC if it does not receive the entirety of a $3.3 billion cash reserve held at Silicon Valley Bank. The post Stablecoins rally as Circle announces it will cover all USDC redemptions 1:1 appeared first on CryptoSlate. Read […]
Op-ed: Why the USDC depeg is not a reason to panic
The following is a guest post by Anndy Lian. The post Op-ed: Why the USDC depeg is not a reason to panic appeared first on CryptoSlate. Read More
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January. Read More