by COINS NEWS - 1 year ago
Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin
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by COINS NEWS - 1 year ago
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Cryptocoins News / The Cointelegraph - 1 year ago
Lennix Lai, managing director of Global Institutional at OKX, spoke with Cointelegraph about what it means to be transparent in a post-FTX and SVB crypto industry. The...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Bearish Signal: Exchanges Observe Growing Reserves& & NewsBTC
by COINS NEWS - 1 year ago
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Cryptocoins News / The Cointelegraph - 1 year ago
Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT. Circ...
Bitcoin News / Bitcoinist - 1 year ago
The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable to being shut down by authorities in less than 48 h...
Cryptocoins News / Blockchain - 1 year ago
Circle's $3.3 billion worth of USDC reserves held at Silicon Valley Bank (SVB) have not been processed, raising concerns over the stability of the cryptocurrency. This follows the disclosure that 20% of Circle's USDC reserves were held in several fin...
by COINS NEWS - 1 year ago
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More / Bitcoin Reddit - 1 year ago
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Cryptocoins News / CoinJournal - 1 year ago
Circle said it failed to remove $3.3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news, falling 8% to hit lows of $0.91 on Saturday morning. Circle, the blockchain payments com...
by COINS NEWS - 1 year ago
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by COINS NEWS - 1 year ago
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by COINS NEWS - 1 year ago
The full list of banks that held $9.88 billion cash for Circle’s USDC https://preview.redd.it/5reb0ljp4zma1.png?width=540&format=png&auto=webp&s=46ae555deb2fa8290d83603be92615dc00d08615 Silvergate Bank Silicon Valley Bank...
Cryptocoins News / The Cointelegraph - 1 year ago
The warning was issued after crypto exchanges jumped on the trend of providing proof-of-reserves reports to ease concerns after the FTX collapse. The Public Company Ac...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Miner Reserves Fall to Yearly Lows, BTC Selloff Continues& & BeInCrypto
by COINS NEWS - 1 year ago
Vatican City - In a surprise move, Pope Francis announced today that he has converted all of the Catholic Church's gold reserves into Solana (SOL) cryptocurrency. This marks a significant shift in the Church's financial strategy and is...
Cryptocoins News / The Cointelegraph - 1 year ago
The results have not been audited by any accounting firms. According to an announcement on March 7, cryptocurrency exchange Binance has added an additional 11 tokens...
Bitcoin News / Google News Bitcoin - 1 year ago
Crypto collapse: Binance hits reserves, FTX's Singh sings, miners ...& & David Gerard
by COINS NEWS - 1 year ago
Firstly, Binance initially published a snapshot-based proof of reserves attestation. However, within 24 hours funds were found to be moved that amounted to almost $3 Billion. I broke that news in this post. CZ himself said "If an exchange have t...
Bitcoin News / Google News Bitcoin - 1 year ago
Jack Dorsey's Block Will Stimulate Lightning Network With Own Bitcoin Reserves - Block (NYSE:SQ)& & Benzinga
Bitcoin News / Google News Bitcoin - 1 year ago
Jack Dorsey's Block (SQ) Taps Bitcoin Reserves Lightning Network& & Bloomberg
Cryptocoins News / Blockchain - 1 year ago
Citizens Trust stated the USDC reserves would support financial literacy and small business funding. (Read More)
Bitcoin News / Google News Bitcoin - 1 year ago
OKX says it holds $8.6 billion in Bitcoin, Ethereum and dollars as proof-of-reserves& & City A.M.
Bitcoin News / Bitcoin.com - 1 year ago
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares...
Cryptocoins News / The Cointelegraph - 1 year ago
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a minority-owned depository institution. Citizens Trust Bank, a financia...