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16 Apr 23

US draft bill on stablecoins places issuers like Tether under the Federal Reserve oversight

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve (Fed) oversight. The Fed is […]

Silicon Valley Bank3

02 Apr 23

FDIC reportedly places SVB funds, including customer deposits, under receivership

A fortnight after the newly appointed Silicon Valley Bank (SVB) chief executive officer (CEO) cheered customers to return funds to the bank, the Federal Deposit Insurance Corporation (FDIC) has reportedly sent emails informing customers that their funds were in receivership. Mayopolous woos depositors Developments emanating from the embattled SVB, after Mayopolous’ advice, have shocked depositors as […]

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20 Mar 23

Balaji Srinivasan places a $2m bet on bitcoin’s performance

On March 18, former a16z partner and Coinbase CTO Balaji Srinivasan announced that he is moving $2 million into USDC for a bitcoin (BTC) bet. He thinks cryptocurrency will hit $1 million within 90 days. Balaji Srinivasan went bullish, predicting BTC will reach $1 million by June 17. James Medlock, a pseudonymous Twitter user, set […]

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