USDC issuer, Circle, has issued a statement updating investors on its cash reserves, which are currently stuck with Silicon Valley Bank (SVB). This follows the recent collapse of SVB, which has left the fate of USDC’s funds in question. Here…
Relief efforts are underway less than 72 hours after the collapse of prominent American tech bank Silicon Valley Bank (SVB), according to a post on Mar. 11 by Bob Elliot, a chief investment officer of Unlimited Funds. The collapse has affected prominent…
Circle, the company behind the USD Coin (USDC) stablecoin, has denied receiving a Wells notice from the United States Securities and Exchange Commission (SEC). This notification comes in reaction to reports circulating that Circle was set to face SEC enforcement…
The New York Department of Financial Services (NYDFS) has ordered crypto infrastructure provider Paxos to stop producing the stablecoin Binance USD (BUSD). News Sentiment: Negative Investigation and Potential SEC Lawsuit on BUSD The action comes as the New York Department…
