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Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO
2 min read
  • Crypto

Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO

cryptovert March 13, 2023
Crypto company Ripple Labs had “some exposure” to Silicon Valley Bank but nonetheless “remains in a strong...
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Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
2 min read
  • Crypto

Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

cryptovert March 12, 2023
Circle Internet Financial said Saturday it will “cover any shortfall” in the assets backing its stablecoin USDC...
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Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears
3 min read
  • Crypto

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

cryptovert March 12, 2023
Bitcoin and ether rose as much as 4% in the past 24 hours after a steep fall...
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Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents
2 min read
  • Crypto

Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents

cryptovert March 12, 2023
USD Coin (USDC) fell under 90 cents on Saturday amid little respite for the token’s recovery as...
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DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto
1 min read
  • Crypto

DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto

cryptovert March 12, 2023
Sign up for Crypto for Advisors, our weekly newsletter defining crypto, digital assets and the future of...
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U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
3 min read
  • Crypto

U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source

cryptovert March 12, 2023
U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corp. on Friday to discuss the...
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Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank’s Shutdown
2 min read
  • Crypto

Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank’s Shutdown

cryptovert March 11, 2023
Circle Internet Financial’s USDC stablecoin saw some $1 billion in net redemptions since Friday morning when Silicon...
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USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
2 min read
  • Crypto

USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse

cryptovert March 11, 2023
USDC issuer Circle Internet Financial said late Friday it “awaits clarity” from federal banking regulators on the...
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USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
2 min read
  • Crypto

USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

cryptovert March 11, 2023
Circle Internet Financial’s USDC stablecoin, which is the second-largest stablecoin at $42 billion of market cap, depegged...
Read More
Who Failed Silicon Valley Bank Depositors?
5 min read
  • Crypto

Who Failed Silicon Valley Bank Depositors?

cryptovert March 11, 2023
So, the California Department of Financial Protection and Innovation closed Silicon Valley Bank (SVB) Friday and appointed...
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