MakerDAO files emergency proposal addressing 3.1B USDC exposure
“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says MakerDAO. Read More
SEC Wells Notice, what is it and why more may be coming
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 post SEC Wells Notice, what is it and why more may be coming appeared first on CryptoSlate. Read More
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar. Read More
What is ethical hacking, and how does it work?
Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized access. Read More
Shibarium is Live! Launch of Much Awaited Shiba Inu L2 Solution Announced
The development comes nearly two years after Shiba Inu’s anonymous creator, Ryoshi, introduced the layer-2 network. Shibarium, the highly-anticipated Ethereum layer-2 solution for the Shiba Inu ecosystem, has finally gone live today. Launching the network’s beta phase comes after an elongated period of sustained wait and several teases from Shytoshi Kusama, Shiba Inu’s lead developer. […] The post Shibarium is […]
Signature Down 22.87% As Two Banks Go Down In As Many Days
It is perhaps not surprising that the week that feature the liquidation of Silvergate, and the shutting down of SVB, also saw Signature Bank’s shares drop more than 37%. The […]
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank fund
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured; however, the fund doesn’t appear to be managed by Silicon Valley Bank. Read More
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