US Fed announces $25B in funding to backstop banks By Cointelegraph
[ad_1] Hot on the heels of several United States bank collapses, the Federal Reserve Board has announced $25 billion worth of funding aimed at backstopping...
Bitcoin Climbs 10% In Bullish Trade By Investing.com
[ad_1] © Reuters. Bitcoin Climbs 10% In Bullish Trade Investing.com – Bitcoin was trading at $22,449.8 by 00:19 (04:19 GMT) on the Investing.com Index on...
Silicon Valley Bank failure could trigger run on US regional banks By Cointelegraph
[ad_1] Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank (SVB) may affect regional banks across the United...
USDC bounces back toward $1 peg after Fed announcement By Cointelegraph
[ad_1] Circle’s stablecoin (USDC) is climbing back to its $1 peg following confirmation from CEO Jeremy Allaire that its reserves are safe and the firm...
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount By Cointelegraph
[ad_1] Several (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a portion of USDC’s...
Ripple CEO assures ‘strong financial position’ despite SVB collapse By Cointelegraph
[ad_1] CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB) and reassure his followers of...
Ethereum Climbs 10% In a Green Day By Investing.com
[ad_1] © Reuters Ethereum Climbs 10% In a Green Day Investing.com – Ethereum was trading at $1,612.73 by 20:44 (00:44 GMT) on the Investing.com Index...
Breaking: Signature Bank closed by New York banking authorities By Cointelegraph
[ad_1] New York-based Signature Bank (NASDAQ:), another crypto-friendly bank, has been closed down by its state charter authority. The Federal Reserve explained in a March...
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds By Cointelegraph
[ad_1] (USDC) issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following Silicon Valley Bank’s (SVB) shutdown, the company said...
Why is Bitcoin price up today? By Cointelegraph
[ad_1] © Reuters (BTC) price is up on March 11 as cryptocurrency markets stabilize following panic over a potential banking crisis. 1-hour candle chart (Bitstamp)....