BTC/USDC Surges to $50,000 Suddenly Key Ideas But only on the USDC trading pair, BTC unexpectedly crossed the $50,000 threshold. The stablecoin USDC from Circle is in danger of running out of liquidity, which is the explanation given for the aforementioned flash action. After announcing it might be able to recover $3.3 billion stuck…
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50% of uninsured deposits, according to insiders, will be reimbursed by next week. Less than 72 hours after the failure of renowned American tech bank Silicon Valley Bank (SVB), relief efforts may already be under way, according to a post on March 11 by Bob Elliot, chief investment officer of Unlimited Funds. Elliot stated among…
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KyberSwap User Swaps 2 Million USD But Only Received 0.05 USD In Return Important Information: * A user of KyberSwap traded 2 million USD tokens for just 0.05 USDT. * Customers who choose a novel method of converting assets without putting in place slippage controls and KyberSwap when traversing transactions to a “pool” die “are…
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Changes Proposed By MakerDAO To Guard Users Against Centralized Stablecoin Crisis Key Ideas In order to reduce exposure to potentially impaired stablecoins and risky collaterals while maintaining DAI stablecoin liquidity, MakerDAO has proposed changes. Stablecoins with significant exposure to at-risk institutions are impacted by the banking industry crisis brought on by the failure of…
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Key Ideas Elon Musk has said he is in favor of buying a struggling Silicon Valley bank. Elon Musk’s purchase of Silicon Valley Bank may aid in transforming Twitter into a dominant financial force and Digital Bank. Elon Musk, a billionaire supporter of cryptocurrencies, expressed interest in the topic of buying the troubled Silicon Valley…
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Key Points: 82 million USDC are transferred to DAI by Justin Sun’s address from Aave V2. The stablecoin’s price has dropped below $0.95 USD, marking the lowest level since it was launched in 2018. On March 11, a fresh transaction using USDC was discovered on the Justin Sun address, according to Paidun’s monitoring data. …
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Circle urged the continuation of SVB in the US economy along with other clients and depositors. On March 10, USD Coin USDC and a blockchain payment technology company tickers $0.89 down Issuers Circle confirmed that $3.3 billion of its $40 billion USDC reserves are still held at Silicon Valley Bank (SVB) as a result of…
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Key Ideas Mirror has introduced Subscribe to Mint, a tool that enables creators to grow passionate followings for their work. Collectors can interact with a creator by subscribing to their publication, minting their own NFTs, or both. A new feature called Subscribe to Mint has been made available by Mirror, a web3-native publishing platform, to…
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Over the years, US law enforcement agencies have seized thousands of BTC from the Silk Road, and a sizeable portion of it has occasionally been put up for auction. Over 50,000 Bitcoin worth $1 billion were transferred to new addresses from various wallets linked to law enforcement seizures made by the US government, some of…
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Despite the market for cryptocurrencies continuing to be highly volatile over the past few years, institutional and retail investors have continued to pour money into the industry. Despite several scandals shaking the industry over the past year, interest in the sector as a whole is still high. Both Dogecoin and Bitcoin, which continue to be…
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