Month: March 2023

How and why do stablecoins depeg?

How and why do stablecoins depeg?

How and why do stablecoins depeg?

Cointelegraph March 12, 2023

Stablecoins are a type of cryptocurrency designed to have a stable value relative to...

Bill Ackman warns US gov’t: Fix mistake in ‘48 hours’ or face ‘destruction’

Bill Ackman warns US gov’t: Fix mistake in ‘48 hours’ or face ‘destruction’

Bill Ackman warns US gov’t: Fix mistake in ‘48 hours’ or face ‘destruction’

Cointelegraph March 12, 2023

Billionaire Bill Ackman has urged the United States government to “guarantee” all deposits held...

Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

Do Kwon had the right idea, banks are risk to fiat-backed stablecoins — CZ

Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

Cointelegraph March 12, 2023

The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a...

Silicon Valley Bank’s UK branch shut down by Bank of England

Silicon Valley Bank’s UK branch shut down by Bank of England

Silicon Valley Bank’s UK branch shut down by Bank of England

Cointelegraph March 11, 2023

The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K....

Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount

Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount

Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount

Cointelegraph March 11, 2023

Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid...

Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11

Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11

Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11

Cointelegraph March 11, 2023

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Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

Cointelegraph March 11, 2023

USD Coin (USDC) issuer Circle plans to use "corporate resources" to cover the shortfall...

Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs

Aave freezes stablecoin trading on v3 Avalanche as activity surges on CEXs

Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs

Cointelegraph March 11, 2023

Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero...

Breaking: USDC slowly repegs on unconfirmed reports of SVB resolution

USDC slowly repegs on unconfirmed reports of SVB resolution

Breaking: USDC slowly repegs on unconfirmed reports of SVB resolution

Cointelegraph March 11, 2023

According to a post on Mar. 11 by Bob Elliot, chief investment officer of...

ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch

ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch

ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch

Cointelegraph March 11, 2023

The Cosmos community has approved a vote to add “replicated security (RS)” to its...