Not So Stable Coins: USDC Depegs due to Silicon Valley Bank Meltdown
Circle, the company behind the USDC stablecoin, confirmed late Friday that $3.3 billion of its cash reserves were stuck at the failed Silicon Valley Bank. The sum represents about 8% of the total reserves backing USDC. On this news, USDC lost...
Crypto Bank Silvergate Capital to Liquidate Operations Amid Industry Turmoil
Silvergate Capital, the big dog central lender to the crypto industry, just dropped a bombshell. They're winding down operations and...
Cheelee to Overpower Crypto Winter with Its Force of GameFi and Social Media
Despite the recent rise in the price of BTC, experts warn investors not to get too excited as it does not indicate...
Facing "Quantum Supremacy": Abelian Leads the Way in Anti-Quantum Encryption
Demand for public networks is growing as they showcase an extensive list of possible applications across a wide range of industries. This...
US Financial Watchdogs Switch to the Warpath
The US financial regulatory authorities have recently been taking a more active stance against crypto exchanges and their offerings to the public....