Crypto Verse News

Managed by team @CryptoVerse_co - Follow this account to get all major news about crypto.

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Circle USDC operations will resume at open Monday: Allaire

Circle USDC reserves are "safe and secure" and liquidity operations will resume at banking open tomorrow, CEO Jeremy Allaire said on Twitter.

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Ripple CEO assures ‘strong financial position’ despite SVB collapse

In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations.

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State regulator takes control of Signature Bank, federal regulators guarantee deposits

Regulators also assured that, "the U.S. banking system remains resilient and on a solid foundation," in part due to actions taken this weekend.

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US Fed announces $25B in funding to backstop banks

The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues.

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Silicon Valley Bank Depositors Will Have Access to "All" Funds Monday, Say Federal Regulators

In a joint statement, federal banking and finance regulators said depositors will be made whole.

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Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO

Ripple, best known for its connection to XRP, kept some capital at the failed Silicon Valley Bank.

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Crypto Addiction Is a Problem, Not Everyone Can Agree How Big

More clinics are offering services to help crypto addiction. But how bad is this emerging problem? Not everyone can agree.

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Silicon Valley Bank collapse: Everything that’s happened until now

Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days.

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Bank of London bids to acquire Silicon Valley Bank's UK arm

The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB's British arm.

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This Week on Crypto Twitter: Crypto has a Banking Crisis!

Silvergate and Silicon Valley Bank both went under this week. Stablecoin Circle slipped its peg in reaction to the news.

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USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High

Coinbase premium is usually taken to represent stronger buying pressure from stateside investors. But that's not the case this time.

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Yellen Says SVB to Get Government Help, but Bailout off the Table

U.S. Treasury Secretary Janet Yellen said the authorities plan to protect depositors of Silicon Valley Bank.

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U.S. authorities preparing 'material action' to curb SVB contagion

The White House assessed the impact of Silicon Valley Bank's failure over the weekend with a keen attention to venture capital firms and regional banks.

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Yellen says no government bailout while FDIC auctions SVB assets. Final bids due end of Sunday.

A government bailout of Silicon Valley Bank is not in the plans, Treasury Secretary Janet Yellen said in an interview Sunday.

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How blockchain technology revolutionizes digital ownership?

Blockchain technology transforms digital ownership with secure and transparent ownership tracking. Explore how it establishes proof of digital ownership.

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Bitcoin Price to Plunge Back Below $4,000, Peter Schiff Predicts

Peter Schiff, the CEO of Euro Pacific Capital and an ardent critic of Bitcoin, has predicted a steep decline in the value of the world's largest cryptocurrency, suggesting that it will soon drop below $4,000

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FDIC bidding for Silicon Valley Bank is in progress: Report

The FDIC has reportedly started an auction process on late Saturday for Silicon Valley Bank. Bids are open for just a few hours.

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Yellen Says No to SVB Bailout, but Says Government Is Working to Help Depositors

Yellen sought to ease concerns that the bank’s collapse could lead to a domino effect.

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Watch these 5 cryptocurrencies for a potential price rebound next week

Bitcoin is trying to sustain above $20,000 and if it succeeds, ETH, MATIC, TON, and OKB may witness a strong recovery.