Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
Circle earlier confirmed it has $3.3 billion backing its USDC stablecoin parked at now-shuttered Silicon Valley Bank.
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank’s Shutdown
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.
USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
The stablecoin issuer declined to state how much cash is tied up at the collapsed financial institution.
DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC
The collapse of Silicon Valley Bank is causing turmoil in crypto stablecoin markets.
How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
A deep-dive into regulatory filings shows how Silvergate Bank's collapse was, in a strange way, the ideal scenario for...
SVB Pulls This Altcoin From Exchanges With Silvergate Flood!
Crypto wallets have withdrawn $902 million USDC from central exchanges in the last 24 hours amid the SVB and...
Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two...
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion...
Silicon Valley Bank Closed
Silicon Valley Bank was shut down by the California Department of Financial Protection and Innovation.
Silvergate Bankrupt! Which Crypto Company Next?
Silvergate has officially declared bankruptcy. Industry experts predict the bankruptcy will extend to banking services such as Silicon Valley...
Silicon Walley Bank Closed
Silicon Valley Bank was shut down by the California Department of Financial Protection and Innovation.
Silicon Valley Bank Shuttered by State Regulators
Startup-focused bank had a number of crypto clients.
Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues
The broader banking sector is down another 4% on Friday.
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell...
Bitcoin Bounces as U.S. Adds 311K Jobs in February, Beating Expectations
The unemployment rate rose to 3.6% against forecasts for it to hold steady at 3.4%.
Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan
Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan...