As a result of a bank run and a capital problem, Silicon Valley Bank was the second biggest financial institution to fail in the United States. It went under on a Friday morning. The bank in California was shut down by authorities and transferred to the supervision of the US
Circle, a digital currency company, has revealed that Citizens Trust Bank, an Atlanta institution established in 1947, would store $65 million in USD coin (USDC) reserves. This decision follows a string of previous ones. In which Circle announced allocating money to several banks in the United States. To provide just
Circle, the company that issued USD Coin, has refuted that it was served with a “Wells Notice” due to the stablecoin’s tie to the US dollar. On February 14, Fox Business reporter Eleanor Terrett tweeted that the U.S. Securities and Exchange Commission (SEC) had ordered Circle to stop selling USDC
USDC stablecoin issuer Circle claims the SEC’s inactivity caused it to be unable to go public. Via a $9 billion SPAC merger last year. In the wake of the FTX cryptocurrency exchange’s collapse last month. A planned merger between Circle and Concord Acquisition, a special-purpose acquisition firm established by former
On Tuesday, Circle CEO Jeremy Allaire predicted additional bankruptcy filings in the cryptocurrency sector in 2023. Due to ongoing early-stage company struggles. He is nevertheless hopeful about forthcoming market innovations. And an increase in the pace of crypto adoption in 2023 as a result of advancements in legal frameworks and
Dante Disparte, the Chief Strategy Officer and Head of Global Policy for the leading digital financial services firm, Circle, admits that cryptocurrency technology will shift to more stable hands. According to Disparte, the instability in the global crypto market over the past year may herald the transfer of crypto technology
On Monday, Circle Internet Financial, the firm behind the stablecoin USDC, made the formal announcement that it was dissolving its special purpose acquisition company (SPAC) with Concord Acquisition. The original proposal for the corporate merger was made public in July 2021. The firms’ boards of directors, both at Circle and
Circle, the issuer of the USDC stablecoin pegged to the US dollar, has introduced support for Apple Pay in an effort to bring the crypto and conventional payment systems closer together. In a blog post published on November 15th, Circle made the news and projected that it may increase sales
FTX cryptocurrency exchange will let users deposit and withdraw Euro Coin on Solana. The USDC may now be transferred natively across blockchains. In the first half of 2023, Circle, a cryptocurrency payments business, will release Euro Coin, a stablecoin backed by the Euro on the Solana blockchain. At the Solana
Together with the asset manager, it established a government money market fund. The official blog article states that it will be exclusive to Circle. Circle, the stablecoin USDC’s issuer, recently made a public announcement that it will put a part of the USDC reserves into the Circle Reserve Fund. BlackRock
