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USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

USDC Stablecoin Nears Parity With USD After Fed’s Bailout AnnouncementThe stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]

Venture capitalists bail on Zipmex bailout, company warns of consequences: Report

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

Makerdao Issues Emergency Proposal to Address .1B in USDC Collateral After Stablecoin Depegging IncidentOn March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure […]

Venture capitalists bail on Zipmex bailout, company warns of consequences: Report

Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds

Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research FindsPower needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts in the country. Experts say, however, that Russia has the spare capacities to satisfy […]

Venture capitalists bail on Zipmex bailout, company warns of consequences: Report

Latam Is a Hotbed of Opportunities for Crypto Companies, According to Ripple

Latam Is a Hotbed of Opportunities for Crypto Companies, According to RippleRipple, the cryptocurrency and payments company, has issued an article examining the opportunities that Latam brings for crypto companies as its regulated payments rails come to crypto. While the region faces some obstacles due to its economic traits and the dominance of centralized banks, the organization believes there is a lucrative opening for companies partnering […]

Venture capitalists bail on Zipmex bailout, company warns of consequences: Report