Generative Data Intelligence

Tag: Dollar Peg

Crypto Bank Signature Is Latest Financial Closure

Another major bank has closed. This time, the victim is crypto institution Signature Bank, which is the last major digital currency bank in the...

Cryptocurrency Regulatory and Legislative Analysis #8

Cryptocurrency Regulatory and Legislative Analysis #8 April 4, 2023 Wes Regulatory and Legislative Analysis – GLOBAL The FATF released a report to prevent and address ransomware attacks On...

Swing and a Miss: Terra Logos Still Adorn Washington Nationals Ballpark

Opening Day marked fresh beginnings for Major League Baseball teams and fans, but ghosts of crypto’s past are still haunting at least one ballpark.As...

U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain

Ad The U.S. and South Korea both aim to prosecute Terra founder Do Kwon, making his next destination unclear, according to a report from...

Circle sees Asia becoming center of USDC liquidity

Circle, the company behind the USD Coin (USDC) stablecoin, is expanding its operations in Asia with the view that, over time, Asia and emerging...

Coinbase Proposes Creating Inflation-Pegged Stablecoins on Base Network

Coinbase wants developers to create a decentralized stablecoin on its Layer 2 network that will put purchasing power back in the hands of...

How Top Stablecoins Depegged After The Second Largest US Bank Failure

It was a wild weekend for stablecoins. USDC depegged from a dollar to as low as $0.88 on Saturday, before bouncing fully back to...

Can Circle [USDC] Turn Things Around With New Plan? All You Need to Know

Circle had its most difficult week of the year after USD Coin lost its dollar peg. Although it has subsequently...

Circle’s Stablecoin USDC Affected by Collapsed Bank

Circle CEO and co-founder Jeremy Allaire revealed that the stablecoin issuer had been able to access its $3.3 billion in funds held with Silicon...

Wallet Associated With Justin Sun Makes $3.3 Million In USDC DePeg

A wallet associated with Justin Sun reportedly profited more than $3.3 million. The profit was made in a series of trades after USD Coin...

Circle CEO ‘able to access’ $3.3B of USDC’s Reserves at Silicon Valley Bank

Jeremy Allaire, CEO and co-founder of Circle, stated that the stablecoin issuer has been “able to access” its $3.3 billion in...

Here Are the Stablecoins That Thrived as USDC Wobbled

USD Coin (USDC) holders had a long weekend, but fans of several other stablecoins saw a sudden, dramatic spike in the market capitalizations of...

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