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Circle clears 'substantially all' minting and redemption backlog for USDC
The stablecoin issuer said as at U.S. banking close on Wednesday, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is reportedly hiding in Serbia.
Gensler suggests staking token operators should 'seek to come into compliance’
The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made by the CFTC chair.
How The USDC Depeg Will Impact DeFi, Expert Explains
Following the closure of Silicon Valley Bank (SVB), the value of the world’s fifth-largest cryptocurrency, USD Coin (USDC), plummeted to an all-time low on Saturday. The U.S.-based company behind the coin, Circle, revealed that $3.3 billion of the $4...
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”.
Salesforce Web3 to help brands build trusted and scalable NFT programs
The platform promised to help companies create, manage, and deploy non-fungible tokens (NFTs) in a trusted, scalable, and sustainable way.
Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees
FTX's legal counsel requested insurers to advance or reimburse Bankman-Fried's defense costs and fees under the company's directors and officers (D&O) insurance.
Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures
Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve's supervision and regulatory activities following Silicon Valley Bank's closure.
Meta scraps NFTs on Instagram and Facebook: Nifty Newsletter, March 8–14
Meta discontinues NFT services on Instagram and Facebook, and Binance NFT marketplace adds support for trading NFTs on the Polygon blockchain network.
Why isn't the Federal Reserve requiring banks to hold depositors' cash?
The fact that most banks aren’t required to keep your money on hand makes it likely that more bank failures will occur in the months ahead.