The co-founder of OneRare expressed his company’s thrill at partnering with Maggi.
The partnership of the CFTC with the industry professional seems to be in stark contrast with the other US agencies, such as the SEC, which has presented itself very coldly towards cryptocurrencies.
Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday.
According to Kevin Worth the Chief Executive Officer of CoinDesk, the media firm has been getting a lot of offers with no decisions made yet.
Gemini crypto exchange reassured its customers that reputable banks, including Fidelity, hold all GUSD reserves.
Coinbase also noted that users will be able to withdraw their existing BUSD assets whenever they choose.
Meta believed that Web3 would positively enhance the economic model for creators by “giving them the ability to create new types of digital assets to monetize”.
The Fed and the FDIC have assured depositors that they could withdraw money from Silicon Valley Bank thereby instilling some confidence among crypto investors.
Coinbase announced that it had about $240 million in corporate funds at Signature Bank, but expects a full recovery of all its funds.
According to Circle, the bulk of its reserve for the USDC stablecoin is domiciled in US Treasury Bills.
Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis.
Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days.
USDC stablecoin issuer Circle has a staggering $3.3 billion of its total reserves with the Silicon Valley Bank. Circle has promised to cover any shortfall using corporate resources as well as external capital if required.
The MiCA law focuses on the management and strict rules for crypto asset service providers.
The whale address has liquidate all its Moonbirds NFTs incurring losses as high 32% on its investments.