Cardano’s Djed Gains Traction and Overtakes USDT Amid Stablecoin Drama
Cardano’s Djed Takes on the Stablecoin Market and Leads the Way Against USDT In the midst of the recent stablecoin volatility, Djed, a stablecoin that runs on Cardano and was developed by COTI, has taken the lead, trading at a premium over other stablecoins in the market. At one point, it was even trading at […]
Vitalik Buterin Deposited 500 ETH to Mint This Token, Here’s Why
Vitalik Buterin, one of the co-founders of Ethereum, recently made an interesting move in the cryptocurrency market. He deposited 500 ETH to the Reflexer protocol and minted a RAI token, which he then exchanged for USDC. This move was made during a period of extreme market conditions, highlighting the importance of stablecoins in reducing exposure […]
Binance Adds BNB/USDC, BTC/USDC & ETH/USDC Trading Pairs
Binance, one of the world’s largest cryptocurrency exchanges, has added three new trading pairs to its platform: BNB/USDC, BTC/USDC, and ETH/USDC. This move comes as the exchange looks to expand its offerings and provide users with more options for trading digital assets. The new trading pairs were made available for trading on March 12, 2023, […]
Will The United States Federal Reserve Bail Out Silicon Valley Bank?
The financial world is in shock following the collapse of Silicon Valley Bank, a startup and venture capital lender based in the United States. The collapse of the bank has raised concerns about the stability of the banking system and has poked holes in citizens’ trust in banks. Many people are now wondering whether the […]
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11
This week saw the shutdown of Silicon Valley Bank (SVB), one of the largest banks in the United States that provides banking services to crypto-friendly venture companies, such as Sequoia Capital and Andreessen Horowitz, after it announced a significant sale of assets and stocks aimed at raising additional capital. The California financial watchdog appointed the […]
BTC Loses 15% Weekly, Will $20K Hold or is Another Crash Imminent? (Bitcoin Price Analysis)
Circle’s USDC Instability and its Impact on Bitcoin The instability of Circle’s USD Coin (USDC), a stablecoin pegged to the US dollar, has caused extreme fear in the cryptocurrency market, as stablecoins play a crucial role in the industry. The recent turmoil in the USDC has pushed Bitcoin’s price down towards the $19,000 level. However, […]
GBP/USD Price Analysis: Climbs on USD weakness but fails to conquer the 200-DMA
The GBP/USD pair has seen some recovery momentum as we head towards the end of another trading week. After bouncing off year-to-date lows of 1.1802, the pair has managed to claw back some ground and is currently trading above the key psychological level of 1.2000. The recent uptick in the pair can be attributed to […]
Circle says outstanding USDC transactions won’t process until Monday
Circle, a cryptocurrency firm that founded the USD Coin (USDC) stablecoin with Coinbase in 2018, has informed its trading partners that its outstanding USDC transactions through the Signet network of Signature Bank will be delayed until Monday. In a note sent to its customers, Circle stated that the Signet system, which facilitates real-time payments for […]
MakerDAO Proposes Changes To Protect Users From Centralized Stablecoin Crisis
The recent collapse of Silvergate and Silicon Valley Bank has sent shockwaves through the banking industry, with significant implications for the world of stablecoins. Centralized stablecoins, in particular, are at risk due to their high exposure to impacted banks, as well as other potentially at-risk institutions. Stablecoins are digital currencies that are pegged to a […]
Silicon Valley Bank Shutdown Sends Shockwaves Through Tech Industry
One of the biggest bank failures in the history of the United States occurred on a Friday, as federal regulators shut down Silicon Valley Bank (SBV). It was a major lender to the technology industry and its collapse sent shockwaves throughout the industry. Earlier in the week, SVB had attempted to raise $1.75 billion, but […]