The SEC’s Scattershot Approach Shows Its Weakness
By taking aim at high-profile targets including Coinbase, Justin Sun and Lindsey Lohan, the SEC showed it doesn’t have the resources to effectively police the crypto industry. Source
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Shows
Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem
Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem Source
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US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System – Regulation Bitcoin News
The governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst of inflation is behind us.” India’s Central Bank
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SVB Collapse Shows the Rot in U.S. Banking and Dollars
SVB Collapse Shows the Rot in U.S. Banking and Dollars Original Source
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Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows
Bitcoin picked up a strong bid near $19,600 late Friday after Silicon Valley Bank, formerly one of the top 20 lenders in the U.S., shut operations. Prices have risen over 25% since then, reaching a nine-month high of $26,501 on Tuesday, CoinDesk data show. Original Source
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Uniswap's NFT Platform Shows DeFi's Reluctant Acceptance of Centralization
Uniswap's NFT Platform Shows DeFi's Reluctant Acceptance of Centralization Original Source
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Central Bank Digital Currency Transactions to Reach $213 Billion Annually by 2030, Research Shows – Featured Bitcoin News
A new study shows that payments via central bank digital currencies (CBDCs) are expected to reach $213 billion annually by 2030. Furthermore, 92% of the total value transacted via CBDCs will be paid domestically, the research found. $213 Billion Annually Research and market intelligence firm Juniper Research published a report on central
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Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows
The dollar-pegged stablecoin has failed to win back investors following last week’s depegging. Circle Internet Financial's USDC stablecoin massively depegged from its intended $1 price on Friday night after Silicon Valley Bank (SVB), where Circle parked over $3.3 billion in treasury assets, was shut by regulators. Source
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Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SVB). SVB — one of the U.S’s largest banks and key partners to venture-backed companies — was shut down
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Circle’s USDC Stablecoin Endures $1B Net Redemptions Since Silicon Valley Bank Shutdown, Nansen Data Shows
USDC is the second-largest stablecoin, trailing only Tether’s USDT, and a backbone of the crypto ecosystem. The token’s value is backed by U.S. government bonds and cash-like assets, including a total $11.1 billion of cash deposits at various regulated banks, according to Circle’s website. Source
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