Recent contagion was 'TradFi to crypto' and not vice versa — Circle policy director
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi,” said Caroline Hill.
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi,” said Caroline Hill.
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Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for […]
Bitcoin futures on CME have traded 550,000 contracts since inception.
Another reason why we're on this journey on the vision of crypto. Coinbase and other CEXs stopped trading of USDC for customers over the weekend. But people with their own keys and own wallets could happily buy USDC for less than 0.9$ for a limited time during the weekend on DEXs. Aside from the fact,…
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On March 12, Bitcoin futures traded 5.5% below regular spot exchanges, causing volatility in derivatives markets.
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It seems like it was just yesterday, when all was well in the world of bankers and we were witnessing the biggest coordinated attack on crypto ever. CEO’s and managers of the banks were taking huge bonuses and laughing while they drive home in their Porsches. “The attack on crypto is working they said, to…
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Elizabeth Warren and Sherrod Brown didn’t miss a chance to attack the crypto industry after bank failures.