Circle has access to its $3.3 billion reserves held at Silicon Valley Bank (SVB), CEO affirms
Circle’s CEO, Jeremy Allaire, announced that the stablecoin issuer is now “able to access” its $3.3 billion of funds held with Silicon Valley Bank (SVB), following the bank’s collapse. This news comes after Circle lost market share to its competitor, USDT, due to its earlier disclosure that $3.3 billion worth of USDC reserves were held […]
Did the Fed start a ‘stealth QE’?
The Federal Reserve’s decision to provide liquidity following the failure of Silicon Valley Bank and Signature Bank has resulted in a bullish reaction from Bitcoin and the crypto markets. BTC/USD has risen by 15% off its two-month lows, despite the failure of two major financial institutions under the Fed’s rising interest rates. SVB suffered a […]
The General Counsel at Ripple, expresses his admiration for California congressman for protecting depositors at Silicon Valley Bank (SVB)
Stuart Alderoty, the General Counsel at Ripple, took to Twitter to express his admiration for California congressman Ro Khanna, who played a vital role in protecting depositors at Silicon Valley Bank (SVB) following its sudden collapse. Alderoty commended Khanna’s leadership, thanking him for making SVB depositors whole, including startups in various sectors such as healthcare, […]
Tesla comes Back, surpassing BTC’s 2023 Gains
Despite the 16% hike for Bitcoin during these first 13 days of 2023, a stock that outperformed last year is taking its revenge. Tesla up nearly 25% from its January lows.Tesla grabbed the headlines throughout 2022, as its rapid rise to prominence — and stock price gains — subsequently deflated. While Chief Executive Elon Musk […]
Federal Open Market Committee (FOMC): no rate cuts in 2023
Yesterday the minutes of the Fed have been published, i.e. the minutes of the recent meetings of the Federal Open Market Committee, better known by the acronym FOMC. The FOMC is the organ of the US central bank, or the Federal Reserve (Fed), which monitors the open markets in the United States and above all […]
Crypto influencer Ben Armstrong, aka BitBoy, believes Ripple SEC lawsuit will end this year
In a Tweet shared Yesterday (Jan 1, 2023) the famous crypto blogger and influencer BitBoy shared his thought about the Ripple SEC case.According to him, this year the XRPCommunity will see the end of the case and the Gary Gensler resign.With a different view is John Deaton, lawyer that believes the issue will be decided […]