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The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The dollar swap lines allow foreign central banks to
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ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week. Original Source
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Decentralized exchange Uniswap is officially live on BNB Chain, the smart contract blockchain built by Binance.More than 55 million UniSwap (UNI) token holders voted in favor of a governance proposal by 0x Plasma Labs to deploy Uniswap v3 on BNB Chain in February, which passed successfully. The proposal was brought
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Coinbase also noted that users will be able to withdraw their existing BUSD assets whenever they choose. Cryptocurrency exchange Coinbase has officially suspended BUSD trading on its platform. The decision follows from the earlier announcement by company CEO Brian Armstrong that the company would delist BUSD. Recall that Coinbase claimed that BUSD
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Silicon Valley Bank (SVB), representing the United States information technology hub, Silicon Valley, went bankrupt due to a bank run, massive deposit withdrawals, in under 14 hours. SVB’s bankruptcy is the second-largest in history after Washington Mutual went under during the Global Financial Crisis (GFC) in 2008. Silvergate Capital, one of the
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USD Coin (USDC) issuer Circle plans to use "corporate resources" to cover the shortfall on its reserves following Silicon Valley Bank's shutdown, said the company in a statement on March 11. According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States,"
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Sun’s USDT is moving after Huobi’s HT Token Dropped 93% and then rebounded. Source
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The crypto market experiences a significant slump following the announcement of Silvergate Bank’s earnings report for the fourth quarter of 2022. Cryptocurrency investors were in for a rude awakening as the market experienced a steep decline in recent weeks. Investor and trader, The Elite Crypto, expressed in a tweet they believe
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Coinbase CEO Brian Armstrong said the exchange decided to suspend trading of Binance USD (BUSD) because the company had concerns about its liquidity. Source
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Cointelegraph’s Crypto Trading Secrets podcast has published Episode 6, covering an array of content that should pique the interest of cryptocurrency traders. This episode’s guest is Brian Krogsgard, also known as Ledgerstatus on Twitter. Krogsgard is a trader and one of the co-founders of Flip.xyz, a nonfungible token (NFT) platform.
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