Breaking Crypto News

2023-03-13 03:00:25 TW Coinbase: Despite the turbulence we have seen in the traditional banking sector recently, Coinbase continues to operate as usual. At Coinbase all client funds continue to be safe and accessible including USDC conversions which will resume on Monday. Open / Comment

2023-03-13 01:26:57 Joint Statement by Treasury, Federal Reserve, and FDIC / Federal Reserve Board
Washington, DC -- The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Cha Open / Comment

2023-03-13 01:19:18 Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors / Federal Reserve Board
To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depos Open / Comment

2023-03-13 00:51:49 Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO / CoinDesk
Brad Garlinghouse declined to say how much capital is at the failed bank but said Ripple “remains strong.” Open / Comment

2023-03-12 22:50:47 TW ​CZ Binance: Once you do one bailout, you end up in a dilemma.
If you don't bailout this time, why not? You were suppose to. To "protect consumers", by diluting all your citizens.
If you do bailouts, then banks have 0 incentive to manage risk. It would be stupid not to take max risk for max… https://twitter.com/i/web/status/1634991068843311110 Open / Comment

2023-03-12 18:28:15 Opinion: USDC Can Face Redemption, but Negative Impact on Crypto Industry / Substack
Author: 0xLoki @​Loki_Zeng Read the original article: https://mirror.xyz/lokiz.eth/LbW6oSphE1q8xan_WwdnYGNzY_3cQti6bmKworLZMaU USDC made a detailed information disclosure today, the core contents include: 1) Circle’s funds in SVB are already in the transfer sequence. According to FDIC rules, the transfer should be completed next Monday. Open / Comment

2023-03-12 16:27:47 Failed tech bank SVB held over $5B for prominent crypto VCs / Cointelegraph
Silicon Valley Bank held over $170 billion in deposits at the time of its collapse. Open / Comment

2023-03-12 13:52:32 Indian Student Committed Suicide After Becoming a Victim to a Bitcoin Scam / CryptoPotato
The Lucknow resident supposedly hanged himself after the crypto investment company allegedly stole his $4,200.​ Open / Comment

2023-03-12 06:08:46 10 banks that may face trouble in the wake of the SVB Financial Group debacle / Morningstar
By Philip van Doorn Open / Comment

2023-03-12 05:50:03 Our View on Grayscale vs The SEC / CoinShares Blog
Written by Townsend Lansing — Head of Product Open / Comment