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Business · CircleCrypto giant Circle survived a harrowing weekend that saw its flagship USDC stablecoin break its peg to the dollar. As of midnight Sunday, USDC had recovered and was trading at near exact parity with the U.S. dollar. This weekend's USDC turmoil was part of a broader financial conflagration set off by the shocking collapse of Silicon Valley Bank (SVB)See the Story
Circle taps Cross River as banking partner, expands ties with BNY Mellon
100% Center coverage: 2 sources
CryptocurrencyA solo Bitcoin miner has managed to solve/mine the 780,112th block in the Bitcoin blockchain. The rare event occurred on March 10 and was only the 270th solo mined block in Bitcoin's 13-year-long history. The miner was also lucky to have produced a valid hash just after two days of the mining, as the event itself is rare.See the Story
Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward
100% Center coverage: 2 sources
Vladimir PutinUse of cryptocurrencies is increasing in Russia, the head of the country's financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system. The watchdog is monitoring the activities of over 25,000 participants in crypto transactions.See the Story
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin – Bitcoin News
FTXUSD Coin (USDC/USD) has fallen below $0.90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank. Bitcoin and Ethereum struggle with selloff pressure near $20,000 and $1,400 respectively. The events around USDC have seen cryptocurrency exchanges Binance and Coinbase briefly halt conversions involving the stablecoin.See the Story
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
Coverage: 2 sources