Breaking: $40 billion of USDC reserves remain at collapsed Silicon Valley Bank – USDC crash coming?

Circle says $3.3 billion worth of USDC reserves are still at Silicon Valley Bank.  Coinbase and Binance temporarily halt USDC:USD conversions. It will be a long weekend for the cryptocurrency…

Continue ReadingBreaking: $40 billion of USDC reserves remain at collapsed Silicon Valley Bank – USDC crash coming?

U.S. Treasury, FDIC And Federal Reserve Will Guarantee All Deposits At SVB, Signature Bank In Unprecedented Move

A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government.The U.S. Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC)…

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