Stablecoins, DeFi Likely to Be SEC’s Next Targets in U.S. Crypto Crackdown: Berenberg

If USD Coin is targeted by regulators, the impact on Coinbase revenue could be significant, the report said

• 2023-06-21
• Berenberg the SEC U.S. Securities and Exchange Commission decentralized finance SEC USD Coin

Crypto Observers Believe U.S. Banking Crisis Could Strengthen Crypto Ecosystem in the Long Term

Robust banking solutions for crypto companies and investor interest in the resilience of the ecosystem could serve as key features in the coming months, one developer opined.

• 2023-03-16
• Silicon Valley Bank USD Coin

Bitcoin, Ether extend gains as U.S. regulators take charge of banking industry turmoil

Bitcoin and Ether rose the most in the top 10 non-stablecoin cryptocurrencies by market capitalization on Tuesday afternoon in Asia. Cryptocurrencies have been on a rebound since U.S. regulators took charge of the failures in the banking industry and moved to protect deposits across crypto-linked banks.

• 2023-03-14
• market capitalization Federal Reserve banking industry SVB USD Coin Nigel Green

Bitcoin, Coinbase Key Stablecoin Rally On Banking Crisis Intervention

The price of Bitcoin jumped and the issuer of the USD Coin Stablecoin said it remained redeemable amid U.S. efforts to halt a banking crisis.

• 2023-03-14
• Signature Bank Silicon Valley Bank Circle Internet Financial USD Coin

Crypto firm Circle hit by Signature Bank closure

Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday, Jeremy Allaire, Co-Founder and Chief Executive Officer of Circle said in a tweet. State regulators closed New York-based Signature Bank on Sunday, just two days after California authorities shuttered Silicon Valley Bank (SVB), in a collapse that roiled global markets and stranded billions of dollars of deposits.

• 2023-03-13
• Silicon Valley Bank Signature Bank Jeremy Allaire BNY Mellon Circle USD Coin SVB

Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks

Bitcoin and Ether led a rebound in cryptocurrencies in Asia morning trading as U.S. regulators backstopped banks with ties to the crypto industry.

• 2023-03-13
• Silicon Valley Bank USD Coin banking industry Signature Bank Silvergate Capital

Bitcoin, USDC stablecoin rally after US intervenes on SVB

SINGAPORE (Reuters) -Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and as cryptocurrency firm Circle assured investors its peg was secure. The U.S. Treasury and Federal Reserve announced a range of measures to stabilise the banking system and said depositors at SVB would have access to their deposits on Monday. The moves came as authorities took possession of New York-based Signatu

• 2023-03-13
• Silicon Valley Bank Signature Bank USD Coin SVB U.S. Treasury Jeremy Allaire Circle Federal Reserve Bitcoin

Crypto Shaken as SVB Risk Depegs Second-Largest Stablecoin

(Bloomberg) -- The fallout from the failure of Silicon Valley Bank reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space.Most Read from BloombergStartup Bank Had a Startup Bank RunSVB’s 44-Hour Collapse Was Rooted in Treasury Bets During PandemicSVB’s Auction Block Includes VC-Focused Lender, Wealth UnitSilicon Valley Bank Swiftly Collapses After Tech Startups FleeFrom Santa Clara to Shoreditch, SVB Fallout Spreads Around W

• 2023-03-12
• Silicon Valley Bank USD Coin BNY Mellon Bloomberg digital assets cash reserves stablecoin

Crypto Shaken as SVB Exposure Depegs $37 Billion Stablecoin

(Bloomberg) -- The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure of issuer Circle Internet Financial Ltd. to the collapsed Silicon Valley Bank.Most Read from BloombergSilicon Valley Bank Swiftly Collapses After Tech Startups FleeWhy Is Everyone Talking About SVB? Everything We Know About the Bank’s Collapse Right NowOne Bank Folds, Another Wobbles and Wall Street Asks If It’s a CrisisStartup Bank Had a Startup Ba

• 2023-03-11
• Silicon Valley Bank Bloomberg USD Coin

Crypto Firm Circle Has $3.3 Billion in Reserves at Collapsed Silicon Valley Bank

Worried investors cashed out more than $2 billion worth of USD Coin, knocking the dollar-pegged token below 97 cents.

• 2023-03-11
• Silicon Valley Bank USD Coin