Crypto News

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Circle Announces Enterprise Sourcing Strategy for USDC
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Circle Announces Enterprise Sourcing Strategy for USDC

Circle, one of the companies behind USDC, announced the strategies they are planning for the correction of the stablecoin’s decline. Circle Announces Enterprise...

After Signature Bank Collapse, OKCoin Pauses USD Deposits
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After Signature Bank Collapse, OKCoin Pauses USD Deposits

Crypto exchange OKCoin temporary stopped USD deposits after Signature Bank’s collapse. The company also added that it is not affiliated with Silicon Valley...

Uniswap Hits ATH Close to $12B Trading Volume Amid USDC Crisis
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Uniswap Hits ATH Close to $12B Trading Volume Amid USDC Crisis

The decline of centralized organizations has benefited their decentralized counterparts. Over the weekend, USDC saw significant trading volume across multiple decentralized exchanges. For...

First Republic Bank
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First Republic Bank Shares Plummet

With the bankruptcy of Silicon Valley Bank and Signature Bank in the US, a cloud hangs over the banking system. First Republic Bank...

Recent Events in USDC
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Recent New Events in USDC-2023

The crisis in the United States banking system has had a profound impact on stablecoins in cryptocurrency markets such as USDC. What is...

Pi Coin Silen on Pi Day
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Pi Coin Silent on Pi Day

Pi Network was created with the claim of enabling users to mine Pi Coins with just their mobile phones without using special hardware....

How Has the Bitcoin Price Been Affected by the Recent Events?
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How Has the Bitcoin Price Been Affected by the Recent Events?

There was a fast recovery in Bitcoin price with the statement that depositors will be safeguarded at the Silicon Valley Bank and the...

Xumm 2.4.0 Released by XRPL Labs
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Xumm 2.4.0 Released by XRPL Labs

The popular XRP Ledger wallet has received its first update in seven months with the release of Xumm 2.4.0 by XRPL Labs. Xumm...

Why is Crypto Going Up?
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Why is Crypto Going Up?

There has been a mixed bag of events in the cryptocurrency community recently, including the collapse of FTX, the shutdown of Silicon Valley...

Signature Bank Shut Down by State Regulators
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Signature Bank Shut Down by State Regulators

Signature Bank, a New York-based financial institution, has been shut down by the United States Federal Regulators. Signature Bank Shut Down by State...

After Fed Announcement, USDC is Pegged to $1 Again
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After Fed Announcement, USDC is Pegged to $1 Again

According to the latest reports, positive developments regarding Circle’s $3.3 billion reserves held at Silicon Valley Bank and its new banking partners have...

Tether becomes only stablecoin to survive
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Tether Becomes the Only Stablecoin to Survive

Of the ten most traded stablecoins in the market after the Silicon Valley Bank crisis, only Tether can maintain its stable value. Tether...

TruthGPT is Launched in Response to Elon Musk’s Tweet
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TruthGPT is Launched in Response to Elon Musk’s Tweet

Elon Musk jokingly criticized ChatGPT, a text-based artificial intelligence (AI) platform, tweeting, “What we need is TruthGPT”. Following this tweet a project of...

According to TrueUSD, Closure of Signature Bank Will Affect Small Number of Users
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According to TrueUSD, Closure of Signature Bank Will Affect Small Number of Users

Singapore-based Techteryx, which issues ТrueUSD, informed that that issuance and redemption for users with Signature Bank will be suspended, but the rest of the banking network will...

Pantera Capital Affected by Silicon Valley Bank Collapse
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Pantera Capital Affected by Silicon Valley Bank Collapse

Pantera Capital, a crypto-focused investment firm, reportedly has assets in the recently bankrupt Silicon Valley Bank. Pantera Capital Affected by Silicon Valley Bank...

BlockFi Stuck $227 million at Silicon Valley Bank
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BlockFi Stuck $227 million at Silicon Valley Bank

Recently bankrupt crypto lender firm BlockFi was heavily affected by the collapse of Silicon Valley Bank. BlockFi Stuck $227 million at Silicon Valley...

Huobi Launches USDC/USDT Perpetual Futures Amid SVB Collapse
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Huobi Launches USDC/USDT Perpetual Futures Amid SVB Collapse

A leading cryptocurrency exchange Huobi has announced the launch of USDC/USDT perpetual futures trading, giving users the ability to trade with high leverage...

Ecsa raises 3 million Funds
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ECSA Raises 3 million Funds

ECSA, a Brazil-based stablecoin issuer, announced that it raised $3 million in a pre-seed funding round. ECSA Raises 3 million Funds ECSA, which...

Changpeng Zhao Says that Banks Represent a Risk To Fiat-Backed Stablecoins
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Changpeng Zhao Says that Banks Represent a Risk To Fiat-Backed Stablecoins

It seems that Binance’s CEO Changpeng Zhao has some doubts about stablecoins backed by fiat money. Changpeng Zhao Says that Banks Represent a...

Elon Musk may buy silicon valley bank
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Elon Musk May Buy Silicon Valley Bank

World-renowned businessperson Elon Musk said on Twitter that he is open to the idea of buying Silicon Valley Bank (SVB). Elon Musk May...

USDC Reaches Its Stable Value Again
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USDC Reaches Its Stable Value Again

According to some sources, 50% of uninsured deposits will be paid by next week. USDC Reaches Its Stable Value Again Developments regarding stablecoins,...

What is Rio Crypto A Brief Review of the Realio Network
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What is Rio Crypto? A Brief Review of the Realio Network

The Rio crypto is the native token of the Realio Network, which has made a name for itself recently. The blockchain describes itself...

Aave Announces Stablecoin Trading Freeze on Avalanche V3
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Aave Announces Stablecoin Trading Freeze on Avalanche V3

Aave is a lending protocol. Due to the depreciation of USDC as of yesterday, the protocol has made new decisions. In line with...

New Crypto Debit Card from Gate.io and Visa
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New Crypto Debit Card-2023

Gate Group, the company behind the globally recognized cryptocurrency exchange, has announced that it will issue a Visa crypto debit card! New Crypto...

Meaningful Message from Binance Turkey on Women's Day! Together We Can Build a Better Tomorrow!
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Meaningful Message from Binance Turkey on Women’s Day! Together We Can Build a Better Tomorrow!

Binance Turkey held a special webinar, “Together We Can Build a Better Tomorrow” on March 8. Meaningful Message from Binance Turkey on Women’s...

Circle Informes that $3.3 Billion in USDC Reserves are Held at Silicon Valley Bank
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Circle Informes that $3.3 Billion in USDC Reserves are Held at Silicon Valley Bank

Circle, the cryptocurrency payments company behind USDC stablecoin, announced that $3.3 billion of the cash backing its coin remain with Silicon Valley Bank....

Circle Declares that it Awaits Clarification from the FDIC
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Circle Declares that it Awaits Clarification from the FDIC

With the closure of Silicon Valley Bank on Friday, all eyes turned to USDC issuer Circle. The closure of Silicon Valley, one of...

Circle Claims Operations Are Normal Despite the Incidents
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Circle Claims Operations Are Normal Despite the Incidents

After yesterday’s events, Circle‘s issuer USDC was de-pegged from the U.S. dollar. However, Circle stated that its operations were proceeding normally. Circle Claims...

DAI Stablecoin's Value Declined
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DAI Stablecoin’s Value Declined

After the Silicon Valley Bank crisis, like many stablecoins, the DAI price fell by about 14%! DAI Stablecoin’s Value Declined In recent days...

After Silicon Valley Bank's Closure, USDC Stablecoin has Experienced $1 billion in Net Redemptions
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After Silicon Valley Bank’s Closure, USDC Stablecoin has Experienced $1 billion in Net Redemptions

According to data from Nansen, the USDC stablecoin has seen net redemptions of almost $1 billion since yesterday morning. This is due to...