Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Altcoin News
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses…
DeFi lender Tender.fi suffers exploit, white hat hacker returns funds
DeFi lending platform Tender.fi sees $1.59 million of assets drained by a white hat hacker…
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday…
ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a…
Banks down? That is why Bitcoin was created, crypto community says
Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD)…
Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?
Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar.
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the…
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash
While the crypto market responded with a massive sell-off, not all USDC investors were lucky…
Dogecoin hits 4-month lows vs. Bitcoin — 50% DOGE price rebound now in play
The prospects of Elon Musk abandoning Dogecoin would be dire for DOGE price in both…
Celo co-founder Rene Reinsberg explains why the protocol is optimizing for mobile
Celo blokchain’s co-founder Rene Reinsberg believes Web3 adoption will require more block space and that…
Hedera confirms exploit on mainnet led to theft of service tokens
Hedera said the smart contract exploit on Mar. 9 has not impacted the network or…
‘I anti-endorse these projects’ — Buterin’s shitcoin war sees him sent another 250K
Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.”
Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express
South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing…
Why is XRP price up today?
Can Ripple pull off a win against the SEC? XRP price has been seeing moderate…
