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Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
12.3.2023
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle...
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11
11.3.2023
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January
ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch
11.3.2023
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.”
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
11.3.2023
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of...
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
11.3.2023
On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped...
BTC Proxy Is Live on BNB Chain and Interoperable With WBTC and BTCB
11.3.2023
PRESS RELEASE. Leading DeFi protocol BTC PROXY today expanded support for the Binance BNB Chain as well as updating support on Ethereum and Polygon for their ($BTCpx) Bitcoin Proxy. Minting and bridging of BTCpx to the three networks goes live on or after March 10th, 2023. This fulfilled a vision...
Bitcoin Price Outlook for March
10.3.2023
There are only ten days into March, and volatility in the crypto markets has heightened, with both bitcoin and ethereum falling to two-month lows. A collapse in Silvergate Bank was one of the major catalysts leading to this month’s bearish sentiment, which now sees bitcoin trading under...
Best Crypto to Buy Today 10 March – LHINU, KAVA, FGHT, ATOM, METRO, KLAY, CCHG
10.3.2023
Bitcoin has fallen below the $20,000 mark for the first time since early January, following a significant sell-off that began late Thursday and extended into Friday morning. This comes as the broader cryptocurrency market experienced a sell-off driven mainly by negative news.
With Bitcoin trading...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
10.3.2023
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution...
Bitcoin Bounces as U.S. Adds 311K Jobs in February, Beating Expectations
10.3.2023
The unemployment rate fell/rose/held steady to 3.X%
Everything We Saw At Today’s Capcom Spotlight Event
10.3.2023
Today Capcom streamed a new “Capcom Spotlight” event on Twitch and YouTube. While the cat was already out of the bag on its biggest news—a Resident Evil 4 demo, out today—there was plenty more to see, too.Read more
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security
9.3.2023
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets...
Best Crypto to Buy Today 9 March – LHINU, SHIB, FGHT, TON, CCHG, TARO
9.3.2023
As the release of US Nonfarm Payrolls (NFP) data approaches tomorrow, the crypto market is seeing a downturn today, and investors are preparing themselves for the unknown. The NFP measures the number of US workers, excluding individuals in farming, private households, non-profits, and active...
Bitcoin, Ethereum Technical Analysis: BTC Moves to Fresh Multi-Week Low Following Silvergate Liquidation Announcement
9.3.2023
Bitcoin continued to trade lower on March 9, as prices fell to a fresh multi-week low in today’s session. The decline came as crypto bank Silvergate confirmed that it will be winding down operations. Ethereum also edged lower. Bitcoin Bitcoin (BTC) fell for a fourth straight session...
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...
Coinbase Launches Wallet-as-a-Service to Bring Millions to Web3
9.3.2023
On March 8, Coinbase announced the launch of its Wallet-as-a-Service (WaaS) product. The WaaS product aims to “bring the next hundred million consumers into Web3 through a seamless wallet-onboarding experience.” The Coinbase WaaS offers wallet infrastructure application programming...
Yuga Labs' Otherside Metaverse to Launch Second Trip on March 25
9.3.2023
The Bored Ape parent company will allow up to 10,000 holders of its Otherdeed NFTs to participate in the second gamified test of its Otherside metaverse platform
Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet
8.3.2023
On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown...
Bitcoin NFT auction nets $16.5M in 24 hours: Nifty Newsletter, March 1–7
8.3.2023
An NFT generator powered by artificial intelligence was recently launched by crypto exchange Binance, with 10,000 mints in 2.5 hours
Deadline Looms: Mt. Gox Bitcoin Exchange Creditors Must Register Repayment Method by March 10 – Here's the Latest
8.3.2023
A deadline for when creditors to the collapsed bitcoin (BTC) exchange Mt. Gox can register their payment method to receive claims is coming up on Friday this week.
The registration deadline was previously set to January 10, but has later been postponed to March 10....
Read More: Deadline Looms:...