Breaking: Circle discloses $3.3B tied up at Silicon Valley Bank
Circle joined other customers and depositors in calling for the continuity of SVB in the U.S. economy. Read More
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
At the time of writing, USDC had lost over 10% of its value as it traded at $0.8774, and a Circle executive envisions broader implications for business, banking and entrepreneurs […]
Coinbase reiterates that staking services will continue, despite SEC crackdown
Despite the SEC looking to crack down on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its services will continue. Read More
Aave DAO votes for ‘rescue plan’ to save lost tokens
The plan intends to allow developers to recover tokens from certain Aave contracts and send them to owners who transferred them by mistake. Read More
U.S. government appeals Voyager-Binance.US deal
The United States government has appealed a judicial decision that approved the sale of Voyager Digital’s assets to Binance US, according to a filing on March 9. The post U.S. government appeals Voyager-Binance.US deal appeared first on CryptoSlate. Read More
Circle’s exposure to US banks could top $9B
Circle’s reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank and Bank of New York Mellon. Read More
Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined
The majority of the DeFi tokens in the top 100 traded in the red on the weekly charts due to a downturn in the broader financial market. Read More
SEC denies VanEck spot BTC trust product, commissioners see double standard
SEC Commissioners Mark Uyeda and Hester Peirce have issued a joint statement highlighting discrepancies they see in the application of standards to applicants for ETPs. Read More
Sam Bankman-Fried’s bail conditions still too lenient, says judge
U.S. District Judge Lewis Kaplan expressed concern that SBF could find ways to evade the restrictions and covertly communicate with others electronically. Read More
Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure
California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. The post Circle, BlockFi may […]