MeshNews

2023-03-14 14:33:04 Blockchain security firm Halborn says a vulnerability it found last year on the open-source codebase of the Dogecoin network is still present in at least 280 other networks.

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2023-03-13 20:03:30 Coinbase has disabled Binance USD ($BUSD) trading.

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2023-03-13 19:52:37 DeFiance Capital completes first close of $100 million liquid token fund.

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2023-03-13 13:30:19 The Federal Reserve announced a new lending facility on Sunday aimed at providing extra funding to eligible institutions to ensure that banks have the ability to meet the needs of all their depositors.

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2023-03-13 13:15:34 Circle announced this week that it will perform automatic USDC minting for its customers through its new banking partners and that USDC refunds will be paid.

Circle also announced that the remaining $3.3 billion in reserves at Sillon Valley Bank will be available again when the U.S. markets open, and they don't have any cash at Signature Bank, which was closed yesterday.

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2023-03-13 13:11:37 Ripple CEO Brad Garlinghouse announced that they have a partnership agreement with Silicon Valley Bank and some of their cash remains in the bank. Garlinghouse also added that this will not have any impact on Ripple's business and that they keep most of their cash in other banks.

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2023-03-13 12:26:35 Open / Comment

2023-03-12 14:25:59 Circle CEO Jeremy Allaire:

While USDC can be used 24/7/365 on chain, issuance and redemption is constrained by the working hours of the U.S. banking system.

USDC liquidity operations will resume as normal when banks open on Monday morning in the United States. As a practical matter, our teams are well prepared to handle significant volume, built on the strong liquidity and reserve assets discussed below.

As a regulated payment token, USDC will remain redeemable 1 for 1 with the U.S. Dollar.

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2023-03-12 13:58:52 The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins.

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2023-03-12 10:51:28 Silicon Valley Bank’s CEO, Greg Becker, reportedly sent this to employees after the collapse of the bank.

"My unfair ask is can you guys just hang around, try to support each other, try to support our clients. Which may be a slightly better outcome than where we are now."

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