When the world’s second largest stablecoin got caught up in the collapse of a California bank late last week, it reprised a now-famous maxim.
Browsing: Cryptocurrencies
Bitcoin jumped the most of almost a month after US authorities sought to stem concern about the health of the nation’s financial system.
Cryptocurrency firm Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole.
The fallout from the failure of Silicon Valley Bank unhinged a key cog in the market that’s meant to be among the safest digital assets in the crypto space.
Silvergate Capital is closing its doors, ending a decade-long crypto dream that once made it a central player as the industry boomed.
Binance’s stablecoin, Binance USD, has seen around $6-billion of outflows following a US regulatory crackdown on the company that issues the token.
US payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms, sources said.
Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith.
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Macro events suggest bitcoin and other tokens should be beating a hasty retreat. Instead, they’re extending their 2023 rebound.