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Changpeng Zhao: Banks represent a risk to fiat-backed stablecoins
Binance’s CEO Changpeng Zhao has some doubts about stablecoins backed by fiat money.
In financial, stablecoins, zhao, Mar 12, 2023 · 54 points
BlockFi warned over $227m stuck in Silicon Valley Bank
BlockFi has been warned by the bankruptcy trustee that the $227m the company has in Silicon Valley Bank (SVB) may go against bankruptcy laws
In market, blockfi, fdic, Mar 12, 2023 · 46 points
KyberSwap Responds to User's Swap of 2 Million USD but Only Receiving 0.05 USD
On March 11th, Kyber Network’s DeFi project, KyberSwap, admitted that users had encountered issues while trading, resulting in significant losses.
In defi, responds, users, Mar 12, 2023 · 45 points
Indian Student Committed Suicide After Becoming a Victim to a Bitcoin Scam (Report)
The Lucknow resident supposedly hanged himself after the crypto investment company allegedly stole his $4,200.
In resulted, indian, victim, Mar 12, 2023 · 59 points
Coinbase Stands Firm: Staking Services Will Continue Despite SEC Scrutiny
Even with the Securities and Exchange Commission’s position on staking, Coinbase, the popular crypto exchange, has assured its customers of continuing the
In firm, scrutiny, continue, Mar 12, 2023 · 39 points
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
Circle plans to use "corporate resources" to cover the shortfall on its USD Coin reserves
In corporate, missing, valley, Mar 12, 2023 · 42 points
Banks down? That is why Bitcoin was created, crypto community says
The crypto community looks to its roots in response to the Silicon Valley Bank collapse.
In federal, stablecoins, lehman, Mar 12, 2023 · 47 points
$22 Trillion in US Banking System Backed by Just $225 Billion at FDIC: Bitcoin Proponent Gabor Gurbacs
A strategy advisor at Vaneck/MVIS is highlighting the disparity between the money held at the Federal Deposit Insurance Corporation (FDIC) and the amount of money sitting in the US ba...
In bank, banks, banking, Mar 12, 2023 · 105 points
USD Coin slowly repegs on unconfirmed reports of SVB resolution
USDC has slowly repegged to $0.95 apiece on the news.
In depositors, working, reports, Mar 12, 2023 · 94 points
Shaq has been 'evading' serving papers for an FTX-related lawsuit for 4 weeks, attorneys allege: report
Celebrities who endorsed FTX are being sued in a class-action lawsuit that accuses them of misrepresenting the cryptocurrency exchange platform.
In ftxrelated, evading, shaq, Mar 12, 2023 · 118 points
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Argentinian president Javier Milei confirms he will shut down the central Bank of Argentina
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Cristiano Ronaldo Hit With a $1 Billion Lawsuit in USA for Promoting American Crypto Firm
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Crypto industry ready for bull run with $100k Bitcoin predicted in 2024
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Bitcoin Whales Unload About $2,220,000,000 in BTC in Just One Week
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IRS Slaps FTX With Massive $24 Billion Tax Bill, Crypto Exchange Responds
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