Recent contagion was 'TradFi to crypto' and not vice versa — Circle policy director
13.3.2023
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi," said Caroline Hill
USDC's 'Black Swan' Depegging Could Have Been Avoided With Proper Regulatory Framework
13.3.2023
Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress around stablecoins, says John Rizzo, senior vice president for public affairs at Clyde Group
This DeFi Protocol Just Got Hacked. Its Token Is Still Doing Better than a Major US Bank's
13.3.2023
Shares of Euler token fell 50% hours after an exploit on its protocol while First Republic shares fell roughly 62% following U.S. bank turmoil
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
13.3.2023
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount...
It’s Not Just Fraud That Chilled Crypto Regulation
13.3.2023
While it’s easy to blame the recent shift in the regulatory mood regarding crypto markets on certain bad actors, the real roots lie beyond the crypto ecosystem, says Noelle Acheson
FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ
13.3.2023
The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank
DeFi Privacy Bridge Aztec Connect Sunsets After Less Than a Year
13.3.2023
The backing Aztec Network is open sourcing the bridge and moving on to next-generation products
Bitcoin surges past $24,000 on CME launch of BTC event contracts
13.3.2023
Bitcoin futures on CME have traded 550,000 contracts since inception
U.S. Fed’s Supervision Chief Investigating What Happened With Silicon Valley Bank
13.3.2023
Michael Barr, the vice chairman responsible for bank supervision and regulation at the U.S. Federal Reserve, is examining how the regulated Silicon Valley Bank met with its rapid collapse last week
Bitcoin futures premium falls to lowest level in a year, triggering traders' alerts
13.3.2023
On March 12, Bitcoin futures traded 5.5% below regular spot exchanges, causing volatility in derivatives markets
USDC Crisis Averted? Federal Regulators Offer Reassurance to Silicon Valley Bank Depositors, Ensuring Access to Funds
13.3.2023
The popular stablecoin USDC has regained its $1 peg price after regulators in the US assured that depositors in Silicon Valley Bank (SVB) can access their money today.
The assurance from the government means that all Silicon Valley Bank depositors will be made whole, despite the bank’s collapse...
Bitcoin Price Prediction as BTC Blasts Up 9.5% in 24 Hours – What's Going On?
13.3.2023
Bitcoin (BTC) and Ethereum (ETH) managed to reclaim the $22,000 level on Monday, suggesting some stability in the cryptocurrency market. After dropping to its lowest level since January, Bitcoin has surpassed the $22,000 mark and has seen a 10% increase in value on the day.
Ethereum has followed...