The collapse of Silicon Valley Bank has sent shockwaves across financial markets, impacting numerous crypto companies including Circle, the issuer of USDC stablecoin, which revealed its $3.3 billion exposure to the bank. The Impact of Silicon Valley Bank’s Collapse on USDC Stablecoin The catastrophic collapse of Silicon Valley Bank, one.

The collapse of Silicon Valley Bank has caused massive losses to some of the bank’s most prominent clients, including numerous crypto companies. Circle, the issuer of the world’s second-largest stablecoin USDC, has revealed that it has $3.3 billion in an account maintained by Silicon Valley Bank, causing concerns around reserves.

Introduction: Bitcoin has had a rough ride since the start of the year, with the price dropping significantly in January after reaching an all-time high of $42,000 in December 2020. Since then, a variety of factors have contributed to the asset’s decline, including increased selling pressure from Bitcoin miners. In.

The AVAX price experienced a significant slide in late February, slipping back to mid-January levels. The altcoin’s price has continued to decline in March, and it is now approaching a critical support level. The bulls must step in to prevent AVAX from falling below this level and to support the.

Introduction: Bitcoin prices have been on a downward trend, facing their third week of losses as the Federal Reserve Chair Jerome Powell suggests that interest rates may continue to rise. This article discusses the fundamental and technical factors driving Bitcoin price action and the potential impact of rising interest rates.

Introduction: The cryptocurrency market experienced a significant plunge after Silvergate, a crypto-based bank, announced a reduction in its workforce and the discontinuation of its Exchange Network. As a result, Coinbase, Galaxy Digital, and Bitstamp suspended payments and withdrawals through the Silvergate payment network. The negative sentiment and rising rate expectations.

The crypto community is in turmoil as one of the leading payment services, Silvergate Capital, backs out of the crypto business. Silvergate, a second-tier retail bank that pioneered a commercial gateway for money transactions between cryptocurrencies and hard cash, has cut off its services, leading to potential funding issues for.

Introduction Despite a significant erosion in the realized value of Ethereum (ETH) over the past ten weeks, Ethereum stakers and long-term holders remain committed to the altcoin. The mounting pressure hasn’t deterred them as they are anticipating a recovery in the ETH’s price. As the Ethereum Shanghai upgrade and ETH.

XRP’s price has been volatile in recent years, largely due to the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) over whether XRP is a security. However, recent court rulings in Ripple’s favor and XRP’s current indicators suggest that the cryptocurrency could be due for a.