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Tag: USDC

Binance Swaps BUSD Stablecoin From ‘Recovery Fund’ to Bitcoin, Ethereum, BNB

Binance, the world’s largest crypto exchange by trading volume, responded to the latest drama around the USDC stablecoin by converting the remainder of its...

Euler Finance loses nearly US$200 mln in exploit

Euler Finance, a lending protocol that allows investors to lend and borrow a variety of crypto assets, has lost approximately US$197 million in an...

DeFi Lender Euler Finance Drained of $197M In Flash Loan Exploit

Decentralized finance (DeFi) platform Euler Finance has reportedly suffered an exploit of approximately $196.9 million, per audit platform BlockSec.The attacker nabbed $8.7 million in...

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

Bitcoin (BTC) begins a new week with a bullish surge above $22,000 as the Federal Reserve injects liquidity into the United States economy.In a...

Conflux, Synthetix | Crypto Gainers and Losers | March 13, 2023

Share some Bitpinas love:Subscribe to our newsletter!In this article, we will be looking at the top 5 gainers and losers of the day, providing...

Bitcoin, Ether gain after U.S. regulators take charge to shield deposits across crypto-related banks

Bitcoin and Ether gained in Monday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, after U.S. regulators...

🔴 Banks Shock Crypto | This Week in Crypto – Mar 13, 2023

The crypto market goes haywire following a bank collapse, causing USDC to depeg from the dollar and raising concerns over the whole sector’s future....

Aave Freezes Stablecoin Trading Amid Price Volatility

Aave, a popular lending protocol in the decentralized finance (DeFi) space, has taken action to mitigate the impact of recent price volatility in the...

Circle Plans to Cover USDC Shortfall After SVB Shutdown

Circle, the issuer of the stablecoin USD Coin (USDC), has been forced to take action to cover a significant shortfall in its reserves after...

$1 Billion Buying Pressure On Bitcoin, ETH, BNB Incoming, Binance Will Convert Recovery Fund

Bitcoin and the broader crypto market showed a strong recovery on Sunday afternoon (EST), although it was probably the most chaotic weekend in a...

MakerDAO to Reinforce DAI Peg With Parameter Changes

The MakerDAO community has voted to enact an emergency governance proposal aimed at reinforcing DAI’s peg to the U.S. dollar. A new set of parameter...

Circle to Bring On New Banking Partner for USDC Minting, Redemption

Stablecoin issuer Circle can no longer count on Signature Bank’s “SigNet” for USDC settlements. In a series of tweets on Sunday, Circle CEO Jeremy Allaire...

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