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On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) … Read more
Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation caused SBNY shares to sink on Friday, dropping more than 13% as … Read more
On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience. Pancakeswap Announces Version … Read more
C= (pronounced C equals) aims to further the reach of the Bitcoin Lightning Network through added liquidity and routing services. Go to Source Powered by WPeMatico
On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo … Read more
The joint statement highlighted the key liquidity risks associated with crypto-assets and related participants for banking organizations. Go to Source Powered by WPeMatico
Researchers affiliated with the Canadian central bank identified weak points in DeFi lending protocols and reported on the potential they saw for mitigating them. Go to Source Powered by WPeMatico
Experts from 10 industry organizations contributed to this pioneering examination of legal questions surrounding proof of stake. Go to Source Powered by WPeMatico
The seventh edition of JPMorgan’s e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023, among other topics. Go to Source Powered by WPeMatico
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month … Read more
