Day: 10 March 2023

Questions are being asked about USDC stablecoin issuer, Circle's exposure to failed U.S. banks, Silvergate Bank and Silicon Valley Bank.  This is because Circle published a USDC Reserve Report last week accompanied by an Attestation by the global Audit firm, Deloitte. That Report confirmed that Circle held cash with several ...

Silicon Valley Bank (SVB), a significant financial institution that caters to venture-backed businesses in California, was closed down by the state's financial regulators on March 10, 2023. This incident is being described as the second-largest failure of a financial institution in US history, following a 48-hour bank run and a ...

The U.S. Department of Justice (DOJ) has appealed against the court ruling in favour of the proposed asset acquisition deal between Voyager Digital and Binance.US. The appeal was filed one day after Judge Michael Wiles granted Voyager Digital permission to proceed with the sale of its assets to Binance.US. The ...

The United States Securities and Exchange Commission (SEC) has revoked the registration of ParagonCoin Limited, a crypto startup supported by popular American rapper Jayceon Terrell Taylor, also known as The Game.  This action was taken due to ParagonCoin Ltd's failure to file periodic reports of its accounts, resulting in the ...

Thailand's Securities and Exchange Commission (SEC) is preparing to hold another open hearing on the possibility of outlawing cryptocurrency staking and lending services.  According to reports, Thailand's SEC is seeking public input on a proposed regulation prohibiting virtual asset service providers (VASPs) from engaging in cryptocurrency staking or lending activities. ...

Shiba Inu (SHIB) has dropped by 1.27% in the last 24 hours due to the cryptocurrency market's negative reaction to the possibility of another Fed rate hike.  Image source: coinmarketcap.com Rick Rieder, chief investment officer for global fixed income at BlackRock, reportedly stated that they believe the Federal Reserve will ...

According to Hedera, the company behind the distributed ledger Hedera Hashgraph, a smart contract attack on the Hedera mainnet resulted in the loss of several liquidity pool tokens. Hedera announced in a tweet that the attacker focused on liquidity pool tokens on decentralized exchanges (DEXs) that derived their code from ...

In response to concerns about unregulated stablecoins, the U.S. Federal Reserve plans to create a team of specialists to track developments in the cryptocurrency industry. Michael Barr, Vice Chair for Supervision at the agency, announced the plan during a speech at the Peterson Institute for International Economics in Washington, D.C., ...