Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps

• Post author:MiamiCrypto
• Post published:March 13, 2023
• Post category:Binance/bitcoin price today/BTC/Silicon Valley Bank/silvergate/Stablecoin/SVB/USD Coin/USDC

The market frenzy that started with the Silicon Valley Bank collapse is pushing BTC price higher but with some casualties left behind.

Continue ReadingBitcoin price flash spikes to $50K on Binance after USD Coin peg snaps

Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week

• Post author:MiamiCrypto
• Post published:March 13, 2023
• Post category:Bankruptcy/Bitcoin/BTC price today/Coinbase/Federal Reserve/Interest Rate Hike/Signature Bank/Silicon Valley Bank/Stablecoin/USDC

Bitcoin and crypto react bullishly to news that the Fed is providing liquidity again in the wake of Silicon Valley Bank failing and Signature Bank being closed.

Continue ReadingFed starts ‘stealth QE’ — 5 things to know in Bitcoin this week

USDC bounces back toward $1 peg after Fed announcement

• Post author:MiamiCrypto
• Post published:March 13, 2023
• Post category:BNY Mellon/Circle/Jeremy Allaire/Signature Bank/Silicon Valley Bank/silvergate/USD Coin/USDC

Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg.

Continue ReadingUSDC bounces back toward $1 peg after Fed announcement

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

• Post author:MiamiCrypto
• Post published:March 12, 2023
• Post category:Auto-Conversion/Binance/BitPay/Coinbase/coingecko.com/Crypto/Crypto.com/Cryptocurrency/Curve/DAI/Decentralized Exchange/depegging/DEX/FRAX/Global Trade Volume/GUSD/Kraken/kucoin/Market Updates/MIM/Pancakeswap/Pancakeswap v2/Payment processor/Stablecoin/Stableswap/Tether/trading/Uniswap/uniswap v3/US Dollar/USDC/Wrapped-Ether

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve,…

Continue ReadingUSDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

Breaking: USDC slowly repegs on unconfirmed reports of SVB resolution

• Post author:MiamiCrypto
• Post published:March 11, 2023
• Post category:Cryptocurrencies/SVB/USDC

According to insiders, 50% of uninsured deposits will be paid out by next week.

Continue ReadingBreaking: USDC slowly repegs on unconfirmed reports of SVB resolution

Crypto whales suffer huge losses due to USDC depeg, SVB collapse

• Post author:MiamiCrypto
• Post published:March 11, 2023
• Post category:Cryptocurrencies/USDC/whales

The depegging of the USDC stablecoin has affected other stablecoins, wreaking havoc on crypto projects and stakeholders in a massive chain reaction.

Continue ReadingCrypto whales suffer huge losses due to USDC depeg, SVB collapse

MakerDAO files emergency proposal addressing 3.1B USDC exposure

• Post author:MiamiCrypto
• Post published:March 11, 2023
• Post category:Cryptocurrencies/DAI/Maker DAO/USDC

“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says MakerDAO.

Continue ReadingMakerDAO files emergency proposal addressing 3.1B USDC exposure

Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?

• Post author:MiamiCrypto
• Post published:March 11, 2023
• Post category:Bitcoin/BTC price/Circle/silvergate/Stablecoin/SVB/USD Coin/USDC

Bitcoin recovers from the USDC’s depeg from the U.S. dollar.

Continue ReadingBitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?

Circle discloses $3.3B tied up at Silicon Valley Bank

• Post author:MiamiCrypto
• Post published:March 11, 2023
• Post category:Circle/Silicon Valley Bank/silvergate/SVB/USD Coin/USDC

Circle joined other customers and depositors in calling for the continuity of SVB in the US economy.

Continue ReadingCircle discloses $3.3B tied up at Silicon Valley Bank

Vitalik Buterin’s philanthropic fund donates 15M USDC to UC San Diego

• Post author:MiamiCrypto
• Post published:March 8, 2023
• Post category:Buterin/Cryptocurrencies/UC San Diego/USDC

The Airborne Institute will use the generous grant to study the transmission of airborne diseases such as COVID-19.

Continue ReadingVitalik Buterin’s philanthropic fund donates 15M USDC to UC San Diego