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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...

USDC Depeg: Circle's $43 Billion Stablecoin in the Spotlight as Silicon Valley Bank Exposure is Revealed – Here's the Latest

11.3.2023
The USD Coin (USDC) stablecoin has distanced away from its intended $1 peg following the revelation that Circle has exposure to the now-collapsed Silicon Valley Bank. Circle, the issuer of the world’s second-largest stablecoin USDC, said in a Friday tweet that it has $3.3 billion of its...

Banks down? That is why Bitcoin was created, crypto community says

11.3.2023
Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community

Aavegotchi bonding curve closes on exact day of DAI depeg

11.3.2023
The price of GHST was supported by that of DAI stablecoin for over two years

Biggest Movers: SOL Rebounds From 2-Month Low to Start the Weekend

11.3.2023
Solana rebounded from a two-month low to start the weekend, as bulls reentered the market to buy the recent dip. Overall, the global crypto market cap is currently trading 1.8% higher, following a nearly 10% drop on Friday. Polygon was another notable mover, as price rose by nearly 7% on Saturday....

Ethereum layer-2 solutions may focus less on token incentives in the future

11.3.2023
Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization?

Maker DAO files emergency proposal addressing 3.1B USDC exposure

11.3.2023
"Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less," says Maker

Altcoins to watch out in 2023: DigiToads, Apecoin, and Quant!

11.3.2023
The demand for alternative cryptocurrencies or “altcoins” is rising as the crypto market expands. Unlike Bitcoin and Ethereum, which have already established their dominance in the market, altcoins offer more significant growth potential for investors. They are also more affordable...

Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears

11.3.2023
Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds

Bitcoin, Ethereum Technical Analysis: BTC Above $20,000, ETH Beyond $1,400 on Saturday

11.3.2023
Bitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to capital. This includes USDC issuer Circle, which led to...

Cardano price forms solid foundation at current low, can Avorak AI help users trade these patterns?

11.3.2023
The cryptocurrency market has always been volatile; token prices rise or drop within hours or minutes. However, Cardano has recently formed a solid foundation at its current low price, and more investors are looking to capitalize on the opportunity. With the growing interest in Cardano and...

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...

XRP Price Prediction as $1.5 Billion Trading Volume Comes In – Are Whales Buying?

11.3.2023
The sixth-largest crypto is hanging at the very edge of a cliff as uncertainties in the market mount, especially from the United States. Despite the total market cap sliding below the $1 trillion mark to stand at $963 billion on Saturday, XRP price is relatively unchanged in 24 hours but trading...

South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects

11.3.2023
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several...

Bitcoin price spikes to '$26K' in USDC terms — How high can the BTC short squeeze go?

11.3.2023
Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar

How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger

11.3.2023
USDC stablecoin is depegging at an alarming rate, falling to as low as $0.89, way off its $1 peg. Volatility is expected to continue throughout the weekend as panic sets in after the Silicon Valley Bank collapse. The failure of SVB is hurting the reserve position of USDC, which is issued...