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MakerDAO seeks to reduce volatility after USDC issues moved some users to DAI
From March 10, the supply of USDC decreased by 5% while the supply of DAI soared, jumping from 5.1 billion to 6.3 billion.
As customers migrated away from USDC due to worries about…
US Federal Reserve announces $25 billion in aid for banks
The Federal Reserve introduced a financing program for banks to prevent more financial liquidity concerns, making $25 billion accessible to qualifying businesses.
After multiple bank…
An Investor Named David Sacks Claims That Another Regional Bank Run Is Underway After the SVB…
David Sacks, a former PayPal executive, internet investor, and entrepreneur, reports that a second regional bank is already experiencing a bank run after the sudden failure of Silicon…
The governor of South Dakota is making moves to reject a CBDC bill
The governor of South Dakota, Kristi Noem, rejected a measure that would have excluded digital assets from the legal definition of money, except digital currencies issued by central bank…
After the Fed’s statement, the USDC has rebounded near its $1 peg
Obtained by adding linked to Circle's $3.3 billion in reserves stored at Silicon Valley Bank and its new banking partners have caused the USDC to return to its $1 peg.
USDC is regaining…
Feds Close Down Signature Bank; Depositors of Signature and Silicon Valley Banks Will Be Refunded
The message reassured jittery investors that despite the bankruptcy of multiple banks, the U.S. "banking system is robust."
All Silicon Valley Bank depositors will have access to their…
The USDC falls to a record low as investors withdraw funds from the stablecoin
USDC has been smashed with a damaging wave after news of the bankruptcy of Silicon Valley Bank on March 11. The stablecoin issuer Circle said it deposited $3.3 billion with the collapsed…
South Korea establishes the ‘Metaverse Fund’ to boost local efforts
With the assistance of the Metaverse Fund, South Korea will encourage the mergers and acquisitions of different enterprises inside the ecosystem of the metaverse.
South Korea doubled…
The SEC Files a Lawsuit Against BKCoin and Its Founder Implicating a $100 Million Fraud
Many crypto investors have lost money to frauds such as BKCoin. According to the report, the DeFi business lost a staggering $678 million to hackers in the second quarter of 2022, proving…
Failure of Silicon Valley Bank might spark a run on U.S. regional banks
A petition encouraging authorities to intervene says that over 40,000 Silicon Valley Bank customers are small enterprises.
Former Bridgewater executive and current CEO of investment firm…
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